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Updated over 4 years ago,
New Member outside of Jacksonville, FL (Ponte Vedra)
Hi All!
I am new to REI and hesitate to call myself an Investor until I have at least one transaction under my belt.
With zero debt and excellent credit, I am looking to invest in Class C SFH (< 100K via private funding/heloc) in my backyard of Jacksonville, Florida and set up a team as if I was investing out of state (as that is a part of the future plan). Though I'm very appreciative of all BP has to offer, I am trying not to be overwhelmed by the abundance of information the forums/podcasts/books. I definitely learn best by trial and error and hope to find that opportunity in the coming months.
My current plan of action is to find a property to BRRRR while capital is still limited. I just may be a bit more conservative on my analysis with COVID concerns around rehab/permit timing and cash-out refinance ability.
Relevant books I've read: Rich Dad Poor Dad, 4 Hr Workweek, BRRRR & Long Distance REI (D.Greene)
I haven't gone through all BP podcasts but have found value in ep. 301 and 340 so far.
I'd love to hear any other books/podcasts recommendations that would help a newbie!
Thanks to all of you providing value on the forums! Though I am constantly seeking out mentors I still feel that I need to educate myself more so that I find ways to be able to reciprocate some value.