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Updated about 9 years ago on . Most recent reply
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New member in Jacksonville Florida
Hi,
"I don't want to fix toilets" is one of the most frequently cited half-joking justifications for shying away from real estate. Ironically....I just had to fix my own toilet, so I suppose that means it's time to dive in!
Seriously though, I've had interest in real estate ever since I helped rehab properties fur my friend's dad as a summer job. Much later, working as a mortgage loan officer gave me additional insight into the world of real estate, however the ultimate fate of that company reinforced my desire to build a business for my family not dependent on the whims of the board room.
I've been a serial renter, and have been fortunate to have good land lords (have a 200 year old oak fall on your roof at 5am, and you really learn who you are dealing with, lol) who have shared some of their insight over the years. Now that it's time to make a purchase, why not make it an investment as well.
I'm here to learn and to grow and I look forward to connecting with many of you as we chart the course to success!
Most Popular Reply
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- Flipper/Rehabber
- Brevard Co. Florida
- 75
- Votes |
- 387
- Posts
Good morning James!
Welcome to BP! This community is amazing. I have been on here for a couple weeks and when I started I really didn't have any knowledge of the industry. I am pretty close to pulling the trigger on my first deal with 100% confidence. I'm going to quote @paul timmins because his post really help me get started.
Originally posted by @Paul Timmins:
@John Kilduff
Welcome. Fill in the foundation below.
Check out the Start Here page http://www.biggerpockets.com/starthere
Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.
Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.
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.
You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Good Luck
Paul
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I hope all this was very helpful. I currently have a rental in North Jax in Eagles Hammock and I know that the Jax market is ripe with great deal. Please let me know if you need anything while you're scouring through the community.
Talk you you soon.