Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

3
Posts
2
Votes
Renee Gregory
  • Madison, WI
2
Votes |
3
Posts

Hello! I am new to Bigger Pockets and real estate investing!

Renee Gregory
  • Madison, WI
Posted

Hi there.

I am new to bigger pockets and real estate investing. I am looking to start investing in a few different ways. 

First, I am looking to purchase a property and live in it. At the very least, I am looking to stop throwing my rent money away and try turning it into equity (down the road). I am also interested figuring out how to get tenants/roommates to pay for the mortgage on the property so that I negate my rent  expenditures completely. 

Second, I am looking to slowly over the course of at least two years (at the very least) rehab the place so that eventually when I do sell it, I will get the most out of the property that I can.

Some of my challenges/opportunities are as such:

I am willing to move anywhere for a good property investment. Some of the areas I am most interested in are: New Orleans, Nashville, Albuquerque, Santa Fe, Austin, Sacramento, Houston, Savannah, San Antonio and Atlanta. I have chosen these areas because these are growing cities, with lots of young people moving in and most of them have plenty of access to nature and hiking and biking opportunities.

I have a fair credit score but my debt to income ratio is very poor. I am trained as a lawyer and have thousands of dollars worth of student debt. I work in the public sector generally and don't make enough to counteract the federal debt to income percentage.

I have not been able to save any money for a down payment due to trying to pay down my student loan.

I have recently inherited a small amount of money enough for a down payment on a property (hopefully). 

I have read a few books, like 'How to Invest with No Money Down', and 'Property Investing for Dummies', but I am curious if anyone has any general advice in the current property market.

Mostly, I just want to meet some people who are doing the same thing and/or have done the same thing so that as I move forward in this process, I will have a support/resource community. 

Thanks!

Renee

Loading replies...