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Updated almost 2 years ago on . Most recent reply
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Hello BiggerPockets Community
Hey there, I'm Jahannes Wilder, a 24-year-old in the Houston area. Having just moved from Cleveland, Ohio, I'm excited to immerse myself in the city's thriving market and connect with other like-minded individuals who share my passion for the industry.
As a bus operator and rookie investor, I'm constantly seeking out new opportunities to grow my portfolio and build a better future for myself. But real estate has always been my true calling, and I'm thrilled to be diving deeper into this exciting field.
With my unwavering ambition and dedication to learning, I'm confident that I can achieve great things in the world of real estate. And that's why I'm eager to join the BiggerPockets community - to connect with fellow rookies and industry pros alike, learn from their experiences, and grow my knowledge base even further.
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Quote from @Jahannes Wilder:
Hey there, I'm Jahannes Wilder, a 24-year-old in the Houston area. Having just moved from Cleveland, Ohio, I'm excited to immerse myself in the city's thriving market and connect with other like-minded individuals who share my passion for the industry.
As a bus operator and rookie investor, I'm constantly seeking out new opportunities to grow my portfolio and build a better future for myself. But real estate has always been my true calling, and I'm thrilled to be diving deeper into this exciting field.
With my unwavering ambition and dedication to learning, I'm confident that I can achieve great things in the world of real estate. And that's why I'm eager to join the BiggerPockets community - to connect with fellow rookies and industry pros alike, learn from their experiences, and grow my knowledge base even further.
Hi Jahannes! Welcome to BP! Here are a few suggestions to keep in mind to get you started:
- Educate yourself: Before investing in real estate, it is important to educate yourself on the market and the various investment strategies. Attend seminars, read books, and take online courses to learn about real estate investing.
- Define your investment goals: Determine what you want to achieve through real estate investing. Are you looking for passive income, long-term appreciation, or short-term profits? Your investment goals will dictate the type of property and investment strategy you pursue.
- Develop a plan: Create a plan that outlines your investment strategy, budget, timeline, and target properties. This plan should include your criteria for selecting properties, such as location, property type, and potential return on investment.
- Build your team: Real estate investing requires a team of professionals to support you. You'll need a real estate agent, a property inspector, a contractor, and potentially a property manager. Networking with other investors and professionals in the industry can be a great way to build your team.
- Get pre-approved for financing: It's important to know how much financing you can obtain before searching for properties. Getting pre-approved allows you to make offers with confidence.
- Start small: As a rookie real estate investor, it is often best to start small and work your way up. Consider investing in a single-family home or a small multi-unit property first, this will allow you to gain experience and develop your skills before taking on bigger projects.
- Develop a network: Building relationships with other real estate professionals can be incredibly valuable. Consider joining a real estate investing group or attending local networking events to meet other investors, real estate agents, and property managers.
Hope this helps and best of luck on your real estate investing journey!