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Updated over 9 years ago, 08/13/2015
New Investor with high hopes-Louisville area
Hey, Good evening,
I am a new investor in real estate. I do not own any properties at this time but looking to obtain as much information as possible right now. I have attended seminars and am currently enrolled on a online class with WCI. If anybody has tips or stories on how they obtained your first house on a low budget please share!!
Thanks, I'm excited for the future.
Ryan
Sorry can't give and tips (newbie too) but I can welcome you.
Welcome!!
It's great to have you here!
Hey Ryan,
I'm new to BP too, and also in Louisville. There seems to be tons of info on BP about starting out with a lean budget. I can't really add much to that but I'm happy to connect with you! I skipped single family and went straight to multi. PM me if you want to talk more. Best wishes as you get rolling!
John
Welcome to Bigger Pockets community. Be sure to check out “Learn” for all kinds of useful resources and free how to guides.
#3 Questions About BiggerPockets & Official Site Announcements Contributor
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- Maui, HI
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#3 Questions About BiggerPockets & Official Site Announcements Contributor
- Investor
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Hey @Ryan Gettelfinger welcome to BiggerPockets! You've definitely come to the right place to learn more about investing. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast. They are both great at learning the fundamentals.
Oh - and don't forget to set up your Keyword Alerts!
See you around the site!
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- Rockland, MA
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#2 New Member Introductions Contributor
- Specialist
- Rockland, MA
Welcome.
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 rehabbers (cash buyers). Find them through Google and meetup.com
Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook
Consider checking out HUD homes for small multi's owner occupied gets first crack.
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Good Luck
Paul
Hi @Ryan
Welcome to Biggerpockets. You got to the right place in learning more about REI. Good luck and see you in the forums.
Thank you everyone that has reached out with advice or just a friendly welcome. Its great to know there is a community here that supports your goals and have simlair interest.
Thanks!! Ryan
You came to the right place to gather information. Lots of different views and strategies. The first purchase is not really as important to have a big game plan but if you find yourself shopping for another, you might want to write down your short and long term goals. In Lexington I found that town homes were pretty cheap and I could get good rent returns. Much better than a house. The great advantage about a sfh (single family home). Is if you want to sell it. You have a very big market. Multi family homes are good but cost more. I purchased a duplex once. Moved in one side and rented the other. Was great way to subsidize your living expense. Just some things to think about. Good luck
Hey Ryan, from one rookie to another, welcome to the team! I've only been using the site for a few short weeks and I've already found so much helpful info. I'm sure you are already finding that out as well.
I look forward to working alongside you and the other helpful members of BP.
Good luck with your real estate ambitions!