Hi All! I am new to BP and ready to learn!

[Steve Wald]

First of all, I just want to say that I wish I had found BiggerPockets sooner.  What you guys have created here is remarkable and exactly what I have been searching for.  I've spent a lot of time reading books and checking out random forums over the years, but it is so nice to have all of this wisdom in one place.  Anyway, I am sure you will see many more questions from me and lessons learned along the way, however I wanted to jump on and introduce myself.  I live in the great state of Minnesota and I have a passion for real estate, but I know I have a lot to learn - which is why I am here. :-)  That's it for now, but not for long! Thanks for reading and I look forward to building great relationships. Thanks, Steve.

Right now, my focus is reading through all of the forums that I can, but I am also looking for anyone willing to "show me the ropes" and provide mentorship. I am willing to do whatever I can to help asking nothing, except knowledge transfer :-), in return. I am interested in investing in single family and multi-family properties and would prefer to start locally. That said, from a learning and mentorship perspective, local would be awesome, but your willingness to help from anywhere would be greatly appreciated. I am looking for long-term quality relationships and although I don't have a lot to offer the experts/mentors right now, I don't forget those who help me out and I will return the favor in any way that I can.

[Frankie Woods]

@Steve Wald I think even the founder of this site, @Joshua Dorkin , wishes he had found BP sooner, haha!  It is such a wonderful resource.  I would recommend checking out the 50% rule and 2% rule.  These are good rule of thumbs to follow while analyzing deals.  Armed with those basic tools, you can begin looking at real estate prospects in the market your interested in to best position yourself down the road.  Rule #1 - you make your money when you buy.  Rule #2 - the only way to know if you've found a  rule #1 is if you know your market inside and out.  (my personal opinion).