New "hoping to be" real estate investor

Manchaca, TX · Member since 2015 · 2 posts · 1 vote

Hello, my name is Behr. Just signed up on the site today. I just started a great career as a firefighter, I live in Austin, Texas and am looking to buy my first home and thought why not purchase a duplex/triplex and get into real estate during my time off?

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Peter MacKercherBusiness Member

Residential Real Estate Broker · Saint Louis, MO · Member since 2014 · 1k+ posts · 567 votes

11y

Welcome to Biggerpockets Behr. I am in STL please let me know if you need anything.

In the meantime here are 9 tips to help you grow your business using BP:

1. New to BP? http://www.biggerpockets.com/starthere

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

3. 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 100 past ones to catch up on.

4. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades" Even though I am.

5. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan. http://www.biggerpockets.com/files

6. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

7. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

8. Spend some time every day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet

9. Set yourself up to receive free alerts to be notified of subjects that interest you: http://www.biggerpockets.com/alerts

[email protected]

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Peter MacKercherBusiness Member
Residential Real Estate Broker · Saint Louis, MO · Member since 2014 · 1k+ posts · 567 votes
11y
Welcome to Biggerpockets Behr. I am in STL please let me know if you need anything.

In the meantime here are 9 tips to help you grow your business using BP:

1. New to BP? http://www.biggerpockets.com/starthere

2. Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.
3. 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 100 past ones to catch up on.
4. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades" Even though I am.

5. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan. http://www.biggerpockets.com/files

6. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

7. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

8. Spend some time every day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet

9. Set yourself up to receive free alerts to be notified of subjects that interest you: http://www.biggerpockets.com/alerts

[email protected]
1 Reply
Dan BurstainBusiness Member
Real Estate Agent · Austin, TX · Member since 2014 · 361 posts · 331 votes
11y
Hi Behr,
I think it is a great idea. I have a good friend who is a fire fighter here in Austin as well and I am helping him get into real estate investment as well. I am a Realtor here in Austin and can definitely help you from finding the right place to buy to getting renters for you and even handling the management if you like. Call me anytime or message me through Bigger Pockets. Happy to help and my services would be free of charge to you.
[email protected]512-588-3260
Dan Burstain, Investment Realtor51 Review
Website View Page
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Ned CareyPro Member
Moderator
Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
11y
Welcome to BP @Behr Kammer I think that is a great strategy to start. One of the tougher parts of the business now is financing. While rates are low, getting financing can be tough for investors. As an owner occupant you can get great financing much more easily.
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Billy ConesPro Member
Harker Heights, TX · Member since 2014 · 98 posts · 12 votes
11y
Welcome @Behr Kammer to Bigger Pockets. Enjoy the Podcast
http://www.biggerpockets.com/renewsblog/category/p...
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Behr Kammer
OP
Manchaca, TX · Member since 2015 · 2 posts · 1 vote
11y
I really appreciate yalls input thanks a lot!! I've been pre approved for 250k, and I am using a hero program which covers 12 thousand in closing costs and since I'm a first time home buyer I can put 3.5% down instead of 20%. Austin is a tricky market I was thinking with such a low down payment maybe I could afford a three plex or quad. What do yall think?
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Mark Rowan
Real Estate Investor · Pittsburgh, PA · Member since 2013 · 17 posts · 3 votes
11y
Welcome to the site and also welcome to the Fire Fighter Brotherhood. I also started my real estate investing journey at the beginning of my career as a firefighter, and this site and its members have been a ton of help. Just like in fire fighting, never stop learning and reach out to the veteran investors. It's easy to tell who the good ones are. They will lead you in the right direction. Stay safe Brother. -Mark
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
11y
@Behr Kammer
welcome to the site.
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Jake Landry
Contractor · Austin, TX · Member since 2014 · 47 posts · 8 votes
11y
search for House Hacking on this site. Brandon Turner talks about it a lot and its a great way for a fist time home buyer to take advantage of low down payments, low interest, cash flow and maybe even free rent. Also, try out the tools BP has to offer for property analysis.
1 Reply
Lallu Tappu
Rental Property Investor · Plano, TX · Member since 2015 · 80 posts · 14 votes
11y
Welcome Behr!
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Alan Vieyra
Investor · Houston, TX · Member since 2013 · 75 posts · 14 votes
11y
Hello @Behr Kammer
Welcome to biggerpockets, Austin is a solid market. This is a great place to gather as much information as you want.
Good Luck,
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Jon HuberPro Member
Rental Property Investor · Boca Raton, FL · Member since 2014 · 1k+ posts · 713 votes
11y
@Behr Kammer
Welcome to the community! BP has a tremendous amount of information to help you, but it is only available if you seek it out. Be sure to be as active and engaging as possible. Read blogs, post questions, and the podcasts are gold! The best free education you can get. Good luck!
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