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Updated about 5 years ago on . Most recent reply
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newbie in Wisconsin how to start
Hello this is my first time on bigger pockets Im interested in buying and running multi family apartment buildings i know very little about how it works i came across the bigger pockets podcast and this seems like a good place to ask where is a good starting point to get a better grasp on understanding if this is something i want to go forward with there there seems to be a whole lot to learn i feel lost and dont know what to focus on first that can guide me to the next step in learning i was hoping that you could recommend a couple books or any other good ideas thank you for your time and any advice you can give
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There is always something that you can do! I would look up FB groups or other real estate meet up groups in your areas. Here I have found real estate agents, contractors, and others that I now use. They are great places to continue learning and building a team. If you don't have any money, you could begin looking for an investor who wants to put money into real estate but doesn't know how to/wants to be hands off.
I made some PDFs using the calculators on BP to show what a potential deal would look like. I began talking to people telling them I am looking for an investor to finance the deal. I sat down with one, ran him through it and we made an offer. You can practice analyzing deals, talking to contractors in your area to find if they are investor friendly and learn more about how they charge for different projects. Find what you want YOUR strategy to look like and run after it.
But seriously, If you aren't utilizing meet ups I would start there! Surrounding yourself with like minded people is so valuable. Deals will start falling in your lap if you start looking for them in the right places! :)