Katie KC, MO

[Katie Mcferran]

My name is Katie and I am in Kansas City, and beginning to learn about multifamily investing for income properties and flipping. I have been reading and learning about different types of ways of financing investing in multiple properties, and how to update properties to get more value and return. I do not have any experience in real estate, and am eager to learn. I learned about Bigger Pockets because of a forum from Brandon Turner’s “How to make million dollars from real estate”.

[Grant Greene]

Katie:

Good morning, and welcome to BP! Here's some food for thought:

Before you make your first investment, meet with a mortgage/financial professional. They'll ask you to share your short- AND long-term goals, and then they'll help you construct a plan that will do two things:

1. Achieve your short-term goals that will produce proceeds and resources that will,

2. Give you the wherewithal to pursue and achieve your long-term goals

Many investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals. Since you're not paying a mortgage pro for consulting, it's in their best interest to give you a solid plan so you're successful.

I wish you the very best!

Grant