Quote from @Franky Na: Hi All,I am in the process of purchasing my first investment property in Texas.

Deals like this can seem elusive, so insights into your process would be appreciated!

(Tedious process)Unlike my other properties, where most applicants meet the criteria and need to see the unit to decide if they like it, this particular unit appeals to almost everyone (In this demographic)—but many fail to meet the qualification requirements.

@Dana Sziklay ReynoldsHi Dana,I’m torn about investing in Melbourne , Perth or USA.The prices in Melbourne are crazy and I’m not sure if I would be able to make as much growth in Perth market.I’m in the research process now if you have any thoughts about it please let me know.Great meeting people from Perth on BP.Hopefully we can meet sometime for a coffee.

Our private money lender on this flip was very reasonable through this whole process, as we had to navigate many gray areas and difficult decisions. 

However, weigh the costs of selling and the potential long-term appreciation you’d lose in this area.Real estate investing is a learning process, and you’re already ahead by taking action.

Good morning,I do have a question that I wanted to get some insight if there are any glaring cons in my thought process/future action.

During the due diligence process, did the buyer walk the property, unit by unit?

I'm actively working through this process somewhat now so I can roll funds into a bigger boutique hotel project.

Or is it better to go directly to the city to get the permit process?