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Updated about 9 years ago on . Most recent reply
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Hello from San Diego!
Hi all,
My name is Krystle, I'm a real estate newbie with absolutely no real estate assets: no house, no condo, no anything. In a matter of fact, my husband and I are renters. However, my husband and I are active duty military and we're transitioning out to civilian life and are diving into the exciting world of REI. So far we're saving up and educating ourselves as much as we can to be able to purchase our first investment property (which will also be our first home).
Pleased to meet everyone, I've already begun scavenging the forum for good ideas on getting started. If you've got tips for a couple of newcomers, we'd love to hear whatever you've got.
Krystle
Most Popular Reply
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@Krystle Padilla Welcome to BiggerPockets!
Below are some links to get you started. I received this info from @Nathan Sharp when I first started.
http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)
http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)
https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)
http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)
https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)
- BP Podcast 061:How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben
- BP Podcast 131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat
- https://www.biggerpockets.com/renewsblog/2013/03/07/profitable-ethical-landlord/
The bottom line is that you must take action to start.
Don't get bogged down with analysis paralysis. You must take risks, but, ensure that they are calculated risks.
Below are some more links to get you started.
- http://www.biggerpockets.com/starthere
- http://www.biggerpockets.com/meet
- https://www.biggerpockets.com/alerts
- How to Use @Mentions on BiggerPockets
- https://www.biggerpockets.com/rules
- https://www.biggerpockets.com/terms
- https://www.biggerpockets.com/invites
- https://www.biggerpockets.com/perks
- https://www.biggerpockets.com/forums/categories
https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)
https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)
REI books suggested by BPers
https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)
http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)
Before making your 1st REI purchase please visit the link below for some useful tips
https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/
Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.
Continue to feast on the Podcasts, #askbp Podcasts, blogs and webinars
Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.