Of course there are other great areas in the Austin MSA depending on your strategy and risk tolerance.Let me know if I can answer any questions or share my thoughts on any other topics.

In either instance, you were able to use the cash out for something and if you had left the interest rate alone, over time you would come out ahead (unless of course he put you into an interest only loan or something crazy).You're right that refinancing so many times can eat up your principal and since you were the one that signed the papers, it is your fault, but I stand by the assertion that no one got rich on one point.Stephanie 

Would love to hear what’s worked for you and any tips you have for making sure the funds are in place to lock down a great deal.

Networking is also crucial for success in real estate, so look for local investor meetups or connect with others online.

Even though I myself have a S8 rental, what you hear online is completely false.

Of course we are the largest brokerage by agent count also. 

@Nathan BrooksI am not local to Richmond, but have several clients who work in that market.Welcome to the community and be ready for a huge amount of information at your finger tips.

Of course it's possible.

Im open to conventional financing or seller financing.To find properties, you can network with local agents and brokers, join local real estate investment groups, use online platforms like Zillow, Realtor.com, and Redfin, send direct mail campaigns, drive for dollars, network with property managers, and explore seller financing.Good luck!

I think that's true of investment properties too.. the worse the area (which of course comes with riskier tenants, more maintenance, and vacancies) the better the numbers look in theory in terms of "cash flow"...