Newbie From The Little Apple

[Trevor Neis]

Hello everyone, 

My name is Trevor Neis and I am a relatively new member of bigger pockets. I have been listening to the podcast and reading forum posts for several months now, and finally decided to make an introduction post. I am a 21 year old farm boy from Eudora, Kansas, and are currently attending Kansas State University in Manhattan, KS. I would say that I have never done any deals, but after listening to the podcasts I realized I had begun my real estate investing career without even realizing it. My sophomore year of college I bought a 4 bedroom house so me and my friends from high school could live for cheaper than paying the steep rent for other run down houses in the college neighborhoods. So, I guess you could say I am currently house hacking my way through college, and it has gone very well so far.

I am excited to continue my real estate career, and buy another property hopefully before I graduate. I plan to keep the house I am currently in and use it as a buy and hold. My next step is to buy another buy and hold property in the next 6-18 months in Manhattan, as I suspect I will be able to find a few properties that will meet the 2% rule. Currently the rental market is saturated in Manhattan, and the amount to houses to be rented has outgrown the amount of renters. I plan to find owners that need to quickly sell their houses because they cannot find tenants, and maybe use a few owner finances along the way. Houses are relatively expensive to buy in Manhattan currently, and I suspect that as some of these investors unload their properties at a cheaper price point, people that could not afford to buy a house then, can now. This will hopefully correct the rental market, and I will have acquired a decent amount of properties during that time.

I look forward to meeting and talking to all fo you on the forums, and am fired up to start building my career as a real estate investor!

[Trevor Neis]

@Meghan Maines

I did not purchase another property in 2019, as I decided since I am still in school it might overwhelm me and get burned out before I even got started. The rental market is still very saturated however. I actually took a real estate class at Kansas State this semester, and the professor for it was a local real estate agent. One of things she mentioned on the very first day of class was how difficult it has been trying to find renters. I also have been in contact with the agent I used to buy my house hack property and he said the same thing, specifically that the number of for rent signs throughout town is nothing like he has seen here before. However I strongly think Manhattan will be a great market to invest in in the next 1-2 years. I am planning on there being a local market correction here, but another thing that is going to make Manhattan a good bet is the construction of NBAF. This stands for the National Bio Agro Defense Facility, and is currently under construction. The project is costing over 1 billion dollars and will obviously bring in a lot of jobs. My agent said that there will be about 100 head scientists working here, each making 6 figures. They will each have 3-4 assistant scientists working under them, which is almost 500 jobs alone. There will also be administration, janitorial, and security jobs to be filled here. I think this is going to make Manhattan a very prime place to invest in the coming years.