While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

.: We just this week bought a 6 unit building in a top notch suburban school system for $615,000 with gross rents of $4615, but to make the deal cashflow (barely), had to raise the gross monthly rents to $6570 on 4/1.

Once you build it correctly, you can offer it to other investors as a service.

Buying site unseen is a huge risk unless the buyer and wholesaler have a history doing deals together.My buyers trust the deals that I bring them, but I also provide them with in-depth inspection reports along with photos/videos of the inspection along with multiple cost to completes through multiple contractors.

You are working a demanding corporate job but also want to build rentals on the side.

I’m drawn to the endless opportunities the Texas market offers and am committed to building my knowledge and skills to make smart, strategic investments.Right now, I’m focused on understanding the basics—everything from evaluating properties and navigating financing to learning about the unique aspects of the Texas real estate market.

Investing in real estate is a long term way to build wealth.

.- Now Foreclosures may be a good discount but at the same time I already know that there is aLOT more risk to this.I already have a real estate agent, a mortgage broker, and am getting connections to contractors and so forth.My few Questions are:- Do I need a real estate agent in this process for foreclosures?

You're paying yourself back interest, the principal is out of the market and not going down, AND you're using the funds to build equity in real estate.

Once you decide on a contractor I would keep the fire marshall in the loop as to the scope of work and the timeframe for completion.