Newbie To BP, Hello All

[Munir Hassan]

Hello everyone. I’m new to BP forums and just getting into real estate investing. I’ve been listening to the BP podcast and hearing all the great advice that’s being shared on the forums so I figured I’d join and say hello. 

A little about myself, I live in the Boston area, currently renting but looking for our first Multi Family to start house hacking. My REI goal is to have 5-10 cash flow properties to generate somewhat passive income. I don't know anyone who invests in real estate today, so I'm hoping to start building my network. Any tips for a newbie getting started would be great, or if you just want to say hi! Drop a line below!

[Jonathan Bombaci]

Good Morning Munir and welcome to BP! Great goals of househacking your first property and growing to 5-10 cashflowing properties over time. I started a very similar way, I househacked a 3 family in CT about 10 years ago and it was the smartest thing I ever did. 

My advice to a newbie would be to grow a network and find your team. I can tell you already know this and are serious since your asking for help on BP.  But try to interact in person, go to a BP meetup event and find people to talk real estate with in your community. Tell everyone you know that you’re looking to buy a multi-family, you’ll be surprised how many people in your sphere invest in real estate of we’re investors at some point. Find an agent that works with investors and start the conversation. Go to the bank you have your accounts with and see what mortgage programs they have for first time home buyers. 

As you grow your team and your network real estate will become more natural.

Welcome and best of luck, real estate is a very fun and exciting ride!