Hi, I'm Angelo and I'm a (potential?) new investor.
I've been listening to the podcasts and I attended a webinar and I feel more and more confident in getting into real estate investment. I'm hoping to meet some more people to grow my personal network. I'm located near Raleigh, NC.
Any advice or resources people want to provide would always be welcome. This community seems pretty awesome and I'm enjoying exploring it so far.
Angelo! I am new to the BP family as well. I run an STR business in Columbus, and looking to secure my first house hack in Raleigh before the New Year. House hacking has been touted by BP as the most lucrative way to get started in the game - so if you don't own your primary residence, I would certainly recommend it! Would love to connect, and learn more about your goals with REI!
Hey, Angelo. I'm also new to real estate investing. I'm hoping to be ready to do some deals maybe later this year or early 2021. Until then, reading and soaking up what I can about BRRRR and long distance investing.
@Angelo Pompeo There are some local meetups. Check the events page for details, but there is usually one on the second Wednesday of each month, and that will be posted by Josh Rathburn.
Hi Angelo, great to meet you! I'm fairly new to the game as well, currently living in a "house hack" up in VA. I'm looking to get into the Raleigh Real Estate Market for my first rental pure property at the beginning of 2021. For now I'm building my cash reserve, equity, and network to make that happen. I would love to connect and see how we could add value to each other's journeys. I will shoot you an invite, welcome to the journey!
Hey Angelo, great to see you're getting your confidence to hop into REI! Confidence is going to be a huge asset to have as you start looking into buying your first project. The market out here is very hot and it isn't letting up any time soon so being able to confidently make a decision on something can make the difference between you getting your ideal first project and losing it out to someone who was quicker on their decisions. Make sure you have some good capital built up, make some connections with hard money lenders, and find good wholesalers or experienced investors who can help lead you down a successful path.
As a new investors, be cautious of who you give your trust to as well because I have an investor who trusted a "private lender" that was just trying to scam her out of thousands of dollars and refused to show proof of funds when asked and none of the sources he told us he was a part of came back with his info. Do your due diligence with who you network with just as you would do due diligence on your properties.
Angelo! I am new to the BP family as well. I run an STR business in Columbus, and looking to secure my first house hack in Raleigh before the New Year. House hacking has been touted by BP as the most lucrative way to get started in the game - so if you don't own your primary residence, I would certainly recommend it! Would love to connect, and learn more about your goals with REI!
@Dawn Brenengen That's great to know about the monthly meetups! I'll definitely look for the next one.
@Peter No Proof of funds wasn't even on my radar - tysm for bringing that up. I sent a message to touch base to see if you had any other insight like that to provide.
@Evan W. Unfortunately I'm already well into a primary residence, but I'm learning that's not to unfortunate. I feel a bit late to the game but better late than never! There appears to be a lot of other ways in so I'm just learning those now, particularly fix/flips and BRRRs.
@Angelo Pompeo That's the beauty of real estate! There are so many niches and creative ways to make money, build wealth, and provide value. At least you are a homeowner already haha - you're doing better than I am!
Quick tip if you didn't know.. you can actually sell your primary residence with no cap gains tax if you've lived in it for 2 out of the past 5 years. If it doesn't work as a rental, that could be an interesting option.