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Updated over 8 years ago on . Most recent reply
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Houston
I'm new to the real estate investing life, and any great information is shared is greatly appreciated.I'm currently in a rent house, my wife and I. I want to buy my first primary house, live in it for (the max) 2 years then rent it out and be come a landlord. *buy and hold* Inot the time I'm staying in the home I will up-great to increase value to the home, while saving any funds I can to repeat the process. I have been reading everything I can only this subject,and BP has also been a great help. My question is, Is this a great Idea? and can anyone point to me into the right direction to get the ball rolling?
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Welcome to the vibrant BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.
Since you are focused on rentals, below are some links for your review.
https://www.biggerpockets.com/renewsblog/2015/05/26/real-estate-financing/ (RE financing)
https://www.biggerpockets.com/renewsblog/2015/03/27/financing-options-rental-property-guide/ (financing options for rentals)
https://www.biggerpockets.com/renewsblog/2014/03/06/bp-podcast-060-serge-shukhat/ (0-68 rentals in 4 years)
https://www.biggerpockets.com/renewsblog/2014/08/02/passive-real-estate-investing/ (slowly building wealth through passive investing)
https://www.biggerpockets.com/renewsblog/2015/09/30/bought-rehabbed-rented-refinanced-14-properties/ (BRRRR explained)
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)
- 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/rei/glossary/
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 can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.
https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/
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 REI)
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)
Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.
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.