Brand New to Site - How do I get started

[Jennifer M.]

Hi everyone,

I just found out about BiggerPockets yesterdays and brand new to real estate investment. I'm currently in the Charlotte area but open to buying property anywhere in the US. How do I get started? How do you know which areas within cities are good? How do you know which properties to buy? Is there a tool you use to find investments such as Mashvisor, Stessa, or any other real estate software?

I just moved to Charlotte so not familiar with the city at all, but have learned that South Charlotte is where people want to live. Rent for a 3 bedroom averages around $2k, however, homes are $500k+. I can find a few townhomes for around $300-400k, but how do I know this is a good investment?

I have great credit, cash on hand bit no idea what to do and how to start.

 Any insight and help will be greatly appreciated.

Thanks
 

[Jeffrey Albaum]

Hi @Jennifer M.! First off - welcome to BP! This is an awesome community that I think you will find extremely helpful! I know it can seem like a lot all at once - so I'd recommend starting with reading some books - best ones in my opinion are "Rich Dad Poor Dad" and "Set for Life" by BP's very own @Scott Trench. 

From there - read other BP books like "Long Distance Real Estate Investing" by David Greene. 

Additionally - go to some meet up groups with other investors to chat with them and learn the lingo - you'll feel more comfortable as you learn more. Best of luck and feel free to reach out with any questions or concerns!