Newbie just getting started

[Josh Anderson]

Hey BP friends! Josh here, an aspiring real estate investor who just found BP a couple weeks ago and am trying to learn the ropes.

I find myself where I assume most people start: trying to decide on a niche and a market to support it. I am drawn to multi family homes and think I would like to start close to home here in the Twin Cities, but the more I listen and read, the less opposed I am to looking out of state. 

I’m not looking to make real estate my full time job or anything that intense, but more tools to get me to financial independence sooner are always welcome, and this is something I think I could be good at. 

I love meeting new people and making connections, and look forward to chatting and with interacting with you all!

[Josh Anderson]

Quote from @Min Zhang:

Welcome to BP, Josh! My advice would be to start small and do your research. Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments. 

When choosing the right market, it’s important to decide whether you’re focused on cash flow or appreciation. Look for areas with job growth, rising populations, and low vacancy rates. These factors typically indicate strong rental demand and potential for property value increases. If you're looking for affordable options with good cash flow, I’d suggest checking out the Midwest market. Good luck on your journey and feel free to reach out if you ever need any guidance or advice

 Hey Min! Thank you for your advice, and for those really actionable steps. Connecting with local investors is next on my list and as slowing looking to narrow my markets.

I look forward to chatting in the future!