Introducing Myself - Ryan Wamsat

[Ryan Wamsat]

Good morning/afternoon/evening,

I thought I'd start my forum posting with a short-introduction of myself.  My name is Ryan and I'm looking to start a side-hustle (2nd career?) in real estate investing in the Modesto, Ca area.  I thought I had some early success as I've been a landlord for about a decade now.  But, after having read through the Ultimate Beginners Guide, I found that I'm not doing great in that capacity... and I want to improve.

I have two rental SFH's. One was purchased as a new construction; the other was timed right where I purchased near the bottom of the market. Both were my residence for years before being turned into rentals. Combined, the two net each other out against their current mortgages. I'm actually paying $50 out-of-pocket each month to pay the mortgages. Until now, I've told myself that I'm paying $600 per year to buy two houses. One of the houses is getting close to being paid off.

At this point, I'm interested in purchasing MFH's, and improving my monthly cash flow.  Though I'm eager to jump right in, I've decided to tip-toe into the real estate waters.  At this point, I've researched the requirements to become a RE agent, and I will be taking those classes soon.  Additionally, if anyone knows of a RE club in my area, I'd be happy to attend.

Thanks for reading,

Ryan

[Brandon L.]

Hello! @Ryan Wamsat

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent.

There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)