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Updated about 1 month ago, 10/23/2024

User Stats

6
Posts
8
Votes
Doronda Placide
  • Homeowner
  • New Orleans
8
Votes |
6
Posts

New to the industry

Doronda Placide
  • Homeowner
  • New Orleans
Posted

Hello All, I'm new to the investment industry and I have little knowledge of how to start the process. I have a rental property that I've had for about 12 years. I'm looking to get a multi-family home, but I don't know how to find the best deals.

User Stats

725
Posts
982
Votes
Min Zhang
Agent
Pro Member
  • Real Estate Agent
982
Votes |
725
Posts
Min Zhang
Agent
Pro Member
  • Real Estate Agent
Replied

Hey Doronda! Welcome to BiggerPockets! You're in the right place to learn about  real estate investing. Can't wait to see you grow. Are you planning to invest locally in New Orleans, or are you open to investing out-of-state? I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing. I started off with a duplex in 2020 and now have a solid portfolio of rentals with my partner. Let me know if you need assistance!

User Stats

6
Posts
8
Votes
Doronda Placide
  • Homeowner
  • New Orleans
8
Votes |
6
Posts
Doronda Placide
  • Homeowner
  • New Orleans
Replied

I would like to stay in an area I'm familiar with until I get comfortable with the entire process.

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User Stats

1,058
Posts
1,387
Votes
Samuel Diouf
Agent
Pro Member
  • Real Estate Agent
  • Columbus, OH
1,387
Votes |
1,058
Posts
Samuel Diouf
Agent
Pro Member
  • Real Estate Agent
  • Columbus, OH
Replied

Hey Doronda, welcome to BP, 

I suggest that you partner with an investment-focused agent that can connect you with the best deals and provide you with the right comps to know if the numbers make sense or not. What market are you looking to invest in? There are some great opportunities in the Columbus, Oh market if you're still searching. 

User Stats

6
Posts
8
Votes
Doronda Placide
  • Homeowner
  • New Orleans
8
Votes |
6
Posts
Doronda Placide
  • Homeowner
  • New Orleans
Replied

I’m not familiar with the Columbus, OH area. I’m familiar with New Orleans, LA and the surrounding areas 

User Stats

1,402
Posts
1,910
Votes
Patrick Drury
Agent
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
1,910
Votes |
1,402
Posts
Patrick Drury
Agent
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Doronda Placide
Join local real estate investor associations in your area and check Facebook for local meet-ups so you can network with investor-friendly agents or even wholesalers in your market that find deals

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5.0 stars
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User Stats

444
Posts
80
Votes
Jeffrey McKee
Agent
Pro Member
  • Real Estate Agent
  • Plano, TX
80
Votes |
444
Posts
Jeffrey McKee
Agent
Pro Member
  • Real Estate Agent
  • Plano, TX
Replied

Hi Doronda! Welcome to the world of real estate investment! Starting a rental property already gives you a good foundation. Consider networking with real estate agents and attending meetups. All the best!

  • Jeffrey McKee

User Stats

684
Posts
301
Votes
Billy Smith
  • Shawnee Mission, KS
301
Votes |
684
Posts
Billy Smith
  • Shawnee Mission, KS
Replied

It can take a while for action to start .I read on the  topic for 2-3 years before I made a move into S.F.H rentals .

User Stats

6
Posts
8
Votes
Doronda Placide
  • Homeowner
  • New Orleans
8
Votes |
6
Posts
Doronda Placide
  • Homeowner
  • New Orleans
Replied

Jeff, I plan to attend some meetups to start networking.

Billy, I’m in no rush. I want to become proficient in this area before I just invest a chuck of money.

User Stats

6
Posts
8
Votes
Doronda Placide
  • Homeowner
  • New Orleans
8
Votes |
6
Posts
Doronda Placide
  • Homeowner
  • New Orleans
Replied

Chunk

User Stats

10,010
Posts
4,828
Votes
Andrew Syrios
Pro Member
  • Residential Real Estate Investor
  • Kansas City, MO
4,828
Votes |
10,010
Posts
Andrew Syrios
Pro Member
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorReplied

Welcome aboard Doronda and best of luck investing!

User Stats

620
Posts
454
Votes
Stephen Keighery
Wholesalers
Pro Member
  • Rental Property Investor
  • New Orleans, LA
454
Votes |
620
Posts
Stephen Keighery
Wholesalers
Pro Member
  • Rental Property Investor
  • New Orleans, LA
Replied
Quote from @Patrick Drury:

@Doronda Placide
Join local real estate investor associations in your area and check Facebook for local meet-ups so you can network with investor-friendly agents or even wholesalers in your market that find deals


Some good ones are the Westbank Real Estate Investors Meetup that meet on the 2nd Thursday of the month (details here wbrealestateinvestors.com)

North Shore REIA in Covington

St Bernard Meetup

NOREIA


I go to all of them and they are good. 

  • Stephen Keighery

User Stats

220
Posts
78
Votes
Replied

hey @Doronda Placide
Welcome to Bigger Pockets! You have come to the right place to begin your investing journey.

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