Updated about 6 years ago on . Most recent reply
New member introduction from CA
Hello Biggerpockets Community!
My name's Richard, from Long Beach, California, and I'm ready to learn more from this awesome forum I recently came across. I am currently a manager at a family owned grocery store and looking to purchase my first property within 1-2 years.
I'm interested in investing SFR real estate out of state and also multi-units. As you know all know, its expensive out here to start out unless I aim towards markets around San Bernardino area. My strategy would be to buy and hold and eventually get into the BRRRR strategy. I don't have the capital I need to start, but I am looking into creative financing.
Moreover, I'm immersing myself in real estate books like Rental Property Investing, Invest w/ no money or little money down, and Long-distance Real Estate Investing, and also listening to "Biggerpockets" podcast during my lengthly commute to work. So far the markets I am interested in are Indianapolis, Kansas City, MO, Huntsville, and Birmingham.
I would appreciate any advice or knowledge towards my way. Thank you all!
Most Popular Reply
Welcome! Your next step should be to attend some local real estate meetups. Try meetup.com and Bigger Pockets events section. Meet some people, network, listen to some presentations. You will meet some like-minded folks and undoubtably get yourself in the right mindset this way. Sounds like you have the right ideas already.
If you want to start with no money down, a lot of people suggest wholesaling. It's not for everyone, but if you can make it work, you'll learn a ton. Finding deals is probably the most important skill in real estate investing.