Newbie in Winston Salem/Thomasville NC

[Allison Mayfield]

My name is Alli Mayfield and I'm in the NC triad.  I'm about to buy my first property (I think) which would be a 1960 duplex ranch.  I'm targeting multi-family properties (less than 4 units) or single family (3 bed, 2bath) homes.  Foreclosures I've seen have been a-mess and I'm not looking to buy a fixer upper (at least for my first property).  I'm trying to learn and absorb as much information as possible and get started.  Would love any advice/tips/help!!!

[Paul Timmins]

@Allison Mayfield 

Welcome. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 80 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul