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Updated about 10 years ago on . Most recent reply

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Kenneth Bradford
  • Renter
  • Philadelphia, PA
2
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10
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I'm a newbie

Kenneth Bradford
  • Renter
  • Philadelphia, PA
Posted

It's been about a month  gathering information so that I can do my first deal hopefully before my birthday 2/18. I listened to several different you tubers to compile a plan to get started.  At 56 this is hopefully the opportunity to really enhance my life. I'm tired of helping someone else spend time with their families  on vacation while I struggle. Preparing to create a cash buyers list as well as seek out distressed sellers. Also get the other systems in place to make this work. 

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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
2,248
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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
Replied

@Kenneth Bradford 

Welcome. I have buddies getting SFR in PA from the county Tax Repository sales for $500-2,500 each. 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 90 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

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