All Forum Posts by: William Brooks

I will be there as well!

@Alexander Felice Yes, I meant that after expenses on each unit I could net $300-$400 a month. Meaning my 50 investments together would net $15,000-$20,000 per month. Sorry for the confusion. 

@Justin Whitfield My mistake. With 50 rental units EACH netting $300-$400 a month after expenses and mortgage, we hope to have a passive income of $15,000-$20,000 a month to fuel our business and allow us to focus on growth. And yes, I hope that with a background in construction and sound knowledge of rehab budgets, understanding of renovation and Houston's current market, I will be able to find a partner to fuel my first few projects. Thanks for the feedback! 

@Alexander Felice Yes, within the next month I hope to have 2 sample deals put together to show potential equity partners. Thanks for the advice! 

For the past 2 years I have been growing my knowledge on real estate investing through BiggerPockets forums, books, and articles. In addition, for almost a year I have been working as a residential construction manager which has significantly stretched my knowledge on dealing with contractors, scheduling projects, managing job sites, and learning every step there is in new construction. 2 years ago (when I was 21) I made the decision that I wanted to develop a future in real estate, and every step since then has been building towards that goal. Now I am 23, I got a degree in Construction management and business, and I believe I am ready to dive into the crazy, exciting world of real estate investing! 

Now, I have Saved close to $10,000 while working these past 5 months, but now I feel I have developed analysis paralysis. The niche I believe is best suited towards my goals is fix and flip (most likely with a equity partner) while acquiring rental units for long term financial independence. My goal is by the time I am 30, I hope to have 50 rental units with a passive income over $300-400 a month, and by 26 (3 more years) have developed an investment team that is flipping or investing in 15-20 properties annually. 

My question for you all is: If you were in my shoes, what would be the first step you would take going from analysis paralysis to jumping into that first deal? I know what I want for my financial future and I have a path I believe will help get me there, I am just having trouble finding the courage to take that first leap. I hope to find an equity partner and have my first renovated/flipped property done by the end of the year. 

Thanks in advance for your feedback! 

Congratulations Jordan! Very inspirational story.

Thanks Ron, that is great advice!

For the past couple of years I have been learning and growing my knowledge on real estate investing. I currently have a position as a residential construction manager which is providing me excellent experience and knowledge for future real estate deals. A problem that I have been having is not knowing enough about my cities real estate trends, past, current, and future. 

My question to you is: How are professional real estate investors learning about current and future trends in the real estate market?

I have been reading business journals, current reports on real estate in my area (Houston), and trying to gather as much information about the market as possible. How are you guys keeping up with the current real estate market trends where you are located? 

Thanks for the great replies! I will have to check out these meetings soon. I really want to get more involved in the Houston market.

Hey guys, I am looking for a REI meeting to start attending in Houston. Anyone have any information on the meetings that go on here in town?