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Updated almost 3 years ago on . Most recent reply

User Stats

38
Posts
10
Votes
Eric Hempler
  • Accountant
  • Apple Valley, MN
10
Votes |
38
Posts

Looking for some ideas on getting started as an investor

Eric Hempler
  • Accountant
  • Apple Valley, MN
Posted

I'll try to be as detailed as I can to see what recommendations you might have for how I could get my first deal. 

I'm most interested in apartment buildings and retail spaces with strong tenants. 

Background

I've flipped a few homes in the past

I've worked for my dad, who is a commercial appraiser. We mostly appraised apartment buildings. I've worked in accounting for the past 20 years mostly for real estate companies. Could do the entire accounting process including month end and asset schedules. I have access to a real estate tax person, but I primarily do the bookkeeping and accounting and save the taxes for someone with a little more expertise in that area. 

I have a list of real estate owners I've been able to put together and leaning toward contacting them to see if they might be interested in selling. 

Unfortunately, I don't have any cash to put into a deal. I have a home, but can't access the equity due to how we structured the loan even though I'm on the title. 

Right now I'm trying to figure out how I could acquire my first property and looking for some ideas on what this community recommends. 

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