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Updated over 3 years ago on . Most recent reply

User Stats

14
Posts
11
Votes
Nick Wimmel
#3 Multi-Family and Apartment Investing Contributor
  • New to Real Estate
  • Santa Barbara, CA
11
Votes |
14
Posts

Newbie needs help getting started

Nick Wimmel
#3 Multi-Family and Apartment Investing Contributor
  • New to Real Estate
  • Santa Barbara, CA
Posted

Hey BP! My REI journey began when a good friend of mine turned me on to the Biggerpockets podcast in January. Since then, I caught the REI bug, listening to the BP podcast on my work commute, buying and reading real estate investing books and telling everyone I know that I am getting into Real estate investing. Currently, I live in Santa Barbara where the average home price is $1 million +, which means I need to look and invest in a different city and or state. I am writing this post with the intention of starting a conversation and making connections to continue my journey of purchasing my first property.

  • Nick Wimmel
  • Most Popular Reply

    User Stats

    1,033
    Posts
    872
    Votes
    Stephen Brown
    • Real Estate Broker
    • Huntsville, AL
    872
    Votes |
    1,033
    Posts
    Stephen Brown
    • Real Estate Broker
    • Huntsville, AL
    Replied

    Hello Nick! Welcome to BP! It will be hard to make things work in your local market but if you go off-market you may be able to make something happen. If not you can always look to the midwest and south for cheaper real estate. I'd say get to know your market first and then if you can't seem to find anything look at cheaper markets that have good teams in place.

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