Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

11
Posts
13
Votes
Jonathan Davis
  • New to Real Estate
  • Linden, MI
13
Votes |
11
Posts

45yo (2) Kids, OK credit, and $1000 in the bank. Where to start?

Jonathan Davis
  • New to Real Estate
  • Linden, MI
Posted

Hello all. My family and I have had enough of getting ahead just to get knocked back down. We are ready to start seeking a 2nd string of income that can help us weather the bad luck. 
Both of us have good jobs and things are looking up. 

Looking to see from experienced people: If you were in my situation, where would you start?

Thanks,

JD

Most Popular Reply

User Stats

47
Posts
58
Votes
Jesse L. Weaver
  • Real Estate Agent
  • Mohnton, PA
58
Votes |
47
Posts
Jesse L. Weaver
  • Real Estate Agent
  • Mohnton, PA
Replied

Exactly what you are doing right now! Read as much as possible, network as much as possible, and save as much as possible. Google Dave Ramsey. A lot of people here can't stand him but he does give great advice for increasing that bank account number. Just understand that he hates leverage and when you get to that point you can decide for yourself how much leverage you are comfortable with.

After you've listened to hours and hours of podcasts and read a bunch of books you will start to figure out what you works for YOU. That's the best part about real estate- there's so many ways to successfully invest and no one knows your exact situation as well as you do. There isn't a right or wrong answer. Decide where you want to be in X number of years and work backwards from there! 

Loading replies...