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Updated 7 months ago on . Most recent reply

User Stats

21
Posts
15
Votes
Michael Whitman
  • Connecticut
15
Votes |
21
Posts

New to real estate investing, looking to build connections

Michael Whitman
  • Connecticut
Posted

Hi all, I've been a fan of BP for a while, more of a lurker than a contributor at the moment, but looking to change that and introduce myself.  I'm 51, been a corporate drone for most of my career, but made a leap of faith about two years ago and launched a small but growing tent and event rental business as a side gig. It's not quite big enough to quit my day job, so I typically handle business on nights and weekends. I viewed it as similar to real estate investing in that if I didn't like I could sell and exit, just with a smaller entry price. 

Now I'm looking at real estate to see how I can build a small portfolio and would love to make some connections here for advice and sounding boards.  In my mind, we've run a few scenarios - primarily airbnb, multi-family, college towns - but really not sure where or how to start.  

It would be great to connect here with a few folks, hear your stories of how you got started, and learn how to take that first step.  Thanks all! Best, Mike

Most Popular Reply

User Stats

848
Posts
1,063
Votes
Min Zhang
  • Real Estate Agent
1,063
Votes |
848
Posts
Min Zhang
  • Real Estate Agent
Replied

Hey Michael, welcome to BP! I started my investing journey here in Columbus with house hacking in 2020. Now, I own several rental properties in a C+ neighborhood. My recommendation is to start locally. If the numbers don't add up, then that's the time to explore other markets. Consider starting with turnkey properties to get a feel for what it's like to be a landlord. Feel free to reach out if you have any questions

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