Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 4 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Alan Velazquez
  • Houston, TX
2
Votes |
8
Posts

How soon is too soon to invest?

Alan Velazquez
  • Houston, TX
Posted

Hello BiggerPockets community! I have been learning about real estate investing for the past month or so, listening to podcasts, watching webinars, reading forums. Last night I was looking at the real estate deals listings and I came across a rental house that seems interesting to me. It is in a small city, not an A/B neighborhood but I lived in that city before and I know houses in that neighborhood are steady rentals. I know I can come up with the down payment for the house and then continue renting it since according to the seller, it is currently being tenanted. My question is, I have never started let alone close on a real estate deal, like I said I just started learning (I started investing in stocks in January and in July I encouraged myself to learn about real estate) about this so I know I need more practice on "running the numbers" on a property (the calculators here are great help though) so is it too soon to start with an investment?   Is there an ideal time to actually invest in a property after you study and learn? What else could I be doing to be fully prepared? I really appreciate your help on this :)

Most Popular Reply

User Stats

1,963
Posts
2,357
Votes
Darius Ogloza
  • Investor
  • Marin County California
2,357
Votes |
1,963
Posts
Darius Ogloza
  • Investor
  • Marin County California
Replied

Run the numbers and share what you find on this website.  Ever notice how the new guy at the poker table sometimes draws a straight flush and does not even know it?  A lot of people here can help you work through them.  In the end it is about (1) location and (2) numbers.  

Loading replies...