In 2023, we sold it for $245,000, achieving a strong return and leveraging the experience to fuel future projects.

Unlikely.The backup plan is to have a strong lease.

My goal is to stabilize, refinance within 3-5 years, and offer strong returns to lenders.Your point about targeting SDIRA investors and high earners is interesting—how do you typically find and connect with these types of lenders?

By prioritizing fundamentals over chasing ROI benchmarks, he’s now sitting on an asset that’s appreciated 30% and maintained strong cash flow.Personally, I once miscalculated reserves on a triplex I bought early in my career.

My wife and I are real estate investors based in Katy, and I/we are looking to connect with local investors, real estate agents, property managers, and contractors in the area.

You will want to mail the same area multiple times throughout the year.Phone callsCall your contacts once a quarter to touch base.

Negotiating seller concessions, networking with local investors, and learning property management skills have been key to finding deals with strong long-term potential.Good luck!

@Mike Dymskiagree - a lot of new investors are trying to pick a market based on solely on math. 

If you have strong income and savings then you can argue you'd be OK  but I would just use those savings as the down payment not the HELOC

If you increase your sales volume in a business, client base in a profession, or assets in an investment program, you pass through a point where you’re doing more work, have greater Billings, more assets, but MAKING LESS MONEY.