Breaking in to Real Estate investing

[Patrick McGhee]

Looking to buy my first investment property. Soaking up as much information as possible from the Bigger Pockets podcast, preparing myself for taking action, and looking for conections and building relationships. Most likely looking in Spokane County in January due greater affordability.

[Noah Bacon]

Hey Patrick! Welcome to BiggerPockets and thanks for joining!

Here are some tips for networking and making the most of your account.

1) I'd fill out your profile fully before you do anything else! As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio. Particularly be sure to include your goals for real estate investing so that folks can help you.

2) Follow your favorite forum topics and set up keyword alerts! Adding keywords related to your investment strategy or market locations can be updated in your settings. You’ll receive notifications when there is conversation in the forums you follow or if a user mentions those keywords—so keep them updated often!

3) Check out some of the local meetups that you can find in this forum! There are so many so be sure to filter by your location.

4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!) for real estate investors available to all BiggerPockets members!

5) Consider meeting with a few agents in your area even if you are just getting started! An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do.

6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Hope this helps! Please reach out with any questions you may have!

[River Sava]

Hey Patrick, welcome to BP!

Sounds like you have your market, Spokane is a beautiful place. Make sure to do sufficient market research prior to jumping in...especially if you are considering STRs. Happy to connect if you have questions!