All Forum Posts by: Trace Martin

@Bruce Lynn

Can you do the same thing for Ft Worth please?

@Bruce Lynn Thank You! I appreciate all the info and feedback, house hacking was what I was thinking initially for at least my first deal. I’ll check out those spots you recommended. Unfortunately, I’ll only be in Dallas Monday and Tuesday, I’ll be in Houston by Thursday when you said the meeting was. 

@Mo Karim Thank you! I am looking for an urban to suburban area that it would take less than 20 min to get to the heart of Dallas or Ft Worth. I feel like the closer to the city the better investment as long as it's within a reasonable price and safe. But I'd appreciate hearing about some of those neighborhoods and if they would not only give a good ROI, but also be a good place for me to live.

@Carla Gordon That would be great! I am a little interested in STR, so any information on tips & tricks as well as your experience, numbers, and photos would be great. It would have been great to meet you, but if I do decide Houston maybe we can try again.

@Jeremy Rosen I am a little interested in STR but have concerns about occupancy rate, chaos from being in the same building as the renters, and the capital to not only buy, but also, furnish the STR. I've thought mostly about getting a place with multiple beds or multiple units and doing rent by the room. Interested in all methods, but I am a little more weary about STR.

@Bruce Woodruff I am looking a little bit into San Antonio as well. It's not as appealing to me as a place to live as Dallas and Houston, but that area is a good market and would like more information there too if you've got it.

I am looking into Houston and Dallas mostly, but other parts of Texas as well.  What are the best strategies in these markets and what do y'all like about the market and the city as a whole to live in.  I am looking to visit next week M-F (11th-15th).  What should I do in these towns to understand the market but more importantly the city to see if I would want to live there after I graduate college? If anyone wants to meet up in these cities next week, feel free to reach out.

Thank y'all so much @Jeff Hite @Randall Alan @Wendy Patton @Carlos Valencia for your advice.  From what you all have said, I plan on sticking with my current job through this final college semester of mine, then going for a high income job probably in another city (whatever markets and jobs provide).  Trying to just learn as much as possible right now while I am in this in between area and trying to save as much as I can.  However, if or when I move.  Should I start renting at first or go straight into buying a house and house hacking? Wouldn't house hacking be more expensive up front, but I should be able to get others to cover some or most of the expenses so it's cheaper in the month to month and gives me equity.  I feel like my 15k savings should be able to get me a 3.5% down payment and additional fees in many locations across the country. So I could buy a house and start immediately when I get a new job and potentially move.

I am trying to figure out what my next steps are. I think I know what I need to do, but would like some feedback and other's opinions. I am a few months away from graduating college with a bachelor's degree in Entrepreneurship and a minor in Finance. I currently am making $15 dollars/hour, which is about $1500-$1700 a month (roughly 20k a year) on average with about 15k saved up. I want to get investment properties, but I feel like I need more income and high amount saved. I can't really go full time because I have classes in the morning and currently work the afternoon up to 8-9PM. Should I stick with my current job until I finish my degree and then use my degree and be able to go full time in the summer with a higher paying job? Should I search for a higher paying job now and quit soon? I am also thinking about moving and that will also give me more flexibility with where I can work, so I could wait until I graduate then move. Should I just keep doing school and current job, while finding time to network in my community? I am also currently 20% through my real estate course to get my licence and I feel like that would help with anything I do real estate wise. I am just a little lost in trying to find out how to get into the real estate market and start to make money with different methods like wholesaling, arbitrage, BRRR, etc. Any tips or advice will help.