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

2
Posts
3
Votes
Mike DeBusk
  • Homeowner
  • Oklahoma City
3
Votes |
2
Posts

Looking to get started

Mike DeBusk
  • Homeowner
  • Oklahoma City
Posted

Typical story I'm sure you have heard hundreds of times. Working a dead end job that I don't like and trying to set my life up for a comfortable retirement. Just looking for advice from the pros! I have a little bit of savings ($5,000) and looking to get started investing in rental properties. I am in Oklahoma City. I don't have any connections but I did get in touch with a realtor, and set up a meeting, that I found on this website. I listened to some podcasts that Brandon has done and became interested in the BRRRR method. I'm not sure if $5,000 is going to get me started. I am accepting any and all advice I can get. Thank you in advance.

Most Popular Reply

User Stats

299
Posts
299
Votes
Mack Benson
  • Rental Property Investor
  • Woodbury, MN
299
Votes |
299
Posts
Mack Benson
  • Rental Property Investor
  • Woodbury, MN
Replied

Welcome to BiggerPockets. I think there are three things anybody new should focus on

  • Goals - You said you have a goal of setting you life up for a comfortable retirement. What does that mean to you? What do you see yourself doing during retirement and up until that point? Is there a timeline for this goal? What can you do today to move yourself toward that goal? Focus on the micro while being mindful of the macro and don't get lost in shiny object syndrome. If you want to own apartments, what can you do today to get yourself closer to that goal?
  • Education - Podcasts, videos and books. Almost every single high performer you will hear from are voracious readers. I'm also a fan of mentor or coach but that can be a touchy subject and it isn't necessary in all situations. I firmly believe my goals and my situation was assisted with the mentorship program I joined.
  • Network - This will be the most valuable thing you do in your entire life. Even if you decide that real estate is not your bag, the connections you make may help you with whatever you do in life.

Good luck!

  • Mack Benson
  • Loading replies...