New Member Introduction - New To This!

[Pat Quaranto]

Hope everyone is doing well! :) My name’s Pat and I’m definitely excited to finally check this place out and post on here!

I first heard about BiggerPockets years ago when I learned how seemingly easy it is to invest in real estate via “house-hacking” from a podcast. After listening to some BP episodes and reading a few books I was definitely absorbed for a bit, but shortly realized I didn’t have the funds to do so, so I needed to save and kind of gave up on learning anything else.

I was always on and off with the idea of REI because of the costs and also the fear of failing (which is normal), but now I've "flipped the switch," and this is something I know I want to do. It's still very nerve-racking thinking about it - obviously these are huge investments - and sometimes turns me off considering I live in a VHCOL/HCOL area. But if others are doing it, there's still gotta be a ton of opportunity out there.

I read a few of Brandon Turner's books and am now reading BRRRR by David Greene just to get an idea of different strategies and figure out one I would feel most comfortable with. In the beginning I was focused on house-hacking a single family home to start off my venture. Then I was interested in house-hacking multi-family properties. Now I see the value and the benefit in the BRRRR process, so I'm kind of all over the place!

But for the next year, my goal is to continue to read, learn, and save more - and create a plan to own multiple properties through buy-and-hold strategies. I’m having a bit of a difficult time learning the math and how to analyze properties, so that’s my next step!

Thanks for reading!

Pat