Hi BP,My wife and I are looking to pull the trigger on our first deal in the NW Houston area.The property is a fix and flip with an ARV of $260.The property is a foreclosure listing at $175 and is in need of some TLC in a great neighborhood.

This is one reason to look for properties that are not on MLS and be pre approved for financing before you begin looking so you can pull the trigger quick. 

When I say newbie I mean I have done tons of reading/research and am ready to pull the trigger.

I'm not yet pulling the trigger on anything myself because I'm so tied up in other markets, but my VA puts all leads through the basic lead sheet. 

Find a realtor in the area that can give you the skinny on the area before pulling the trigger.

I've been looking at multifamily homes for the past few weeks with my realtor. I have found one that peaks my interest. The location is good, rent is solid and price is decent. My next step would be to make an offer a...

When I buy a house, i always factor in 50 percent operating expenses to account 10 percent for management, however, every time I talk to a PM, I just can't pull the trigger(small 8 SFH and 1 duplex portfolio).

A First-Refusal Right Is Not an Option Although often associated with options, the first-refusal right is not a true option.An option is an irrevocable offer that gives its holder a unilateral right to trigger the purchase at the option price during the option period.In contrast, a first-refusal right does not give its holder the power to compel an unwilling owner to sell.

That should not hold a person back from pulling the trigger.

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