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First Real Estate Investment Help
Posted on 3/23/23 at 12:38 am
Posted on 3/23/23 at 12:38 am
Me and my wife are both 26. We live in the Hill Country outside of San Antonio and bought our first home last year. New spec house roughly 2k Sq. Ft.
I’ve been researching and trying to educate myself on different beginner strategies for real estate. I’ve got 30k that I can start out with. I’m familiar with the area surrounding San Antonio and there is good potential. I also am familiar with Shreveport which is full of low end properties for sell. Any suggestions on where to start would be awesome.
I’ve been researching and trying to educate myself on different beginner strategies for real estate. I’ve got 30k that I can start out with. I’m familiar with the area surrounding San Antonio and there is good potential. I also am familiar with Shreveport which is full of low end properties for sell. Any suggestions on where to start would be awesome.
4
Posted on 3/23/23 at 3:31 am to Jake009
Get on some wholesaler email blast lists and start running numbers on paper. See if your expectations meet reality. There are also local meetups for investors, contractors, realtors, lenders, etc. - good place to build a network.
Posted on 3/23/23 at 7:26 am to Jake009
Drive around finding a vacant distressed house in a nice area. Look them up on the tax assessors website and call them and ask if they want to sell.
Posted on 3/23/23 at 1:36 pm to Jake009
I’m not into buying junk just because I can make good rent or put a lot into it just to try and flip it. Partly cause I’m no construction baw. I’ve never bought anything I couldn’t see myself living in one day.
In this situation if I was looking to expand my real estate portfolio I would look at a purchase that might one day be a second home or a vacation home. You buy something somewhere you’d like to have a house and rent it. Maybe someone else pays your mortgage and in 20 years you have a nice vacation home. In all likelihood wherever it is that you like to visit/vacation will also appreciate in value 20 years from now. By my logic you bought something at today’s price rather than trying to buy that property at the price it will cost 20+ years from now.
In this situation if I was looking to expand my real estate portfolio I would look at a purchase that might one day be a second home or a vacation home. You buy something somewhere you’d like to have a house and rent it. Maybe someone else pays your mortgage and in 20 years you have a nice vacation home. In all likelihood wherever it is that you like to visit/vacation will also appreciate in value 20 years from now. By my logic you bought something at today’s price rather than trying to buy that property at the price it will cost 20+ years from now.
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