But I think your on the right track being licensed is a major bonus if your going to be very active and especially if your going to flip..  

My partner and I recently bought a duplex in Round Rock (our first property) and are planning our next purchase, hopefully to be made by the end of 2021. 

Look at the latest round of stimulus.

Never offer 20k or 30k over asking, or a round number like 450, make it 21k or 36k over asking or 451k!!

Hi guys, I would like to get your input about buying a property in Paloma lake, round rock area.

All numbers rounded off and made up, and ignores expenses other than interest but the idea is....You have $100k.You can buy 1 x 100k property that rents for $1,000/mo and you make  $1,000/moYou can buy 2 x $100k properties with 50% down $2,000/mo minus $225 x 2 (3.5% 30 year) $50k mortgage payments ($450) = $1550/mo cashflow but $160/mo is going towards loan paydown so your income per month is $1,710.You can buy 4 x 100k properties with 25% down: $4,000/mo minus $337 x 4 (3.5% 30 year) $75k mortgage payments ($1350) = $2650/mo cash flow but $472/mo is going towards paying down loan so your income is $3122/mo.Leverage: Cons: (1) Numbers aren't really this rosey as you're quadrupling your insurance and property taxes.Pros: (1) If you only own 1 property it WILL occasionally be 100% vacant. if you own 4 houses they SHOULDNT all be vacant at the same time, and you actually make $650+$236 or $886/mo with only two occupied.

If you don't expand you will have played it safe but missed out on a nice bonus windfall 10 years or so into your retirement.These are just my thoughts.

We trimmed to about 375 and mailed one round.

Purchase price: $45,000 Cash invested: $8,000 Bought a duplex $10000 below market value, renovated, raised rents and cash flows well now at $500 a month plus I get an added bonus of a 30x36 building I run my construction business out of in the back.

Bonus question, if your social is working, what educational resource would you recommend to learn more about using social to get deals?