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Updated almost 4 years ago on . Most recent reply
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Complete newbie, needing advice
Hey Everyone I’m new here at Bigger pockets, completely new to the whole real estate thing. I’m 23yr M, going to be 24 in November, out of Winnipeg Manitoba. Currently out of school, my first year working and would be making between $50-60k annually, I have no debt, and 740 credit score. Currently have $3k in savings for real estate property. Looking to get into renting small Multifamily properties. But I have no idea how to start especially with getting the knowledge and building the funds. Winnipeg doesn’t have much meetup groups just 1 active one that I’ve seen and they do not meet regularly so haven’t been able to meet anyone, nor does it seem like there are much properties over here. Any tips on how to approach meeting people (mentors), funding (looks like it’ll take forever to save to buy a property with 20% down). Anything in general will help. Thanks
Most Popular Reply
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#George Uzonwa Hey man, welcome BP! I working on having a financial status like you currently have, but for now I've been working my way 100 BP podcasts since I recently joined. Analyzing properties is my game and reading RE books like, "the Ultimate Beginner's Guide" by Brandon Turner. My advice (like for myself) start with single family homes (I like mobile homes; lived in them for 40+ years). I'm watching a Brandon Turner YouTube video right now and he says to start by finding a realtor. I've found two so have and they've been sending me auto notices from their MLS (multiple listing service). Hey man, get the knowledge and building the funds will come. Now, meeting people, well, here we are. Need I say more? You mentioned finding properties, and that's what the realtors are for, right? Now, I'm not good trying to meet people in a place like this (online, that is) because I'm old school and not very social like this, but I'm trying. So, keep doing these forums and sure you'll be hip deep in people you've met (besides, you're young, you're probably good with this online social stuff; am I wrong?). And like I said, don't worry about the funds, the down payment, or anything. Just get the knowledge, dude! Just get the knowledge. Later.