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Updated over 3 years ago on . Most recent reply
Just getting started
Hi! I'm a rookie just starting to learn bit by bit about this crazy and exciting world of real estate investing. I feel a bit overwhelmed because I don't even know where to start, but I do know that I need to start somewhere. So I'm going to spend my time learning and reading as much as I can.
I'm interested in the BRRRR strategy for SFH or MFH. How do you know what market to focus on? Has anyone ever left their hometown to start investing in property in a different state? Apparently, there are certain areas where the rent from a SFH isn't enough to turn a positive cash flow; what kinds of areas are these?
I want to be smart about my first investment property. Any and all advice would be appreciated!
Most Popular Reply
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- Real Estate Broker
- Houston | Dallas | Austin, TX
- 2,343
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@Dan Kim, thank you for that introduction, and welcome to BiggerPockets.
I hope you continue to learn from everyone on this platform.
If you have not, great books to read are:
• Rich Dad, Poor Dad
• The Millionaire Next Door
• Cash Flow Quadrant
• Tax Free Wealth
• Set For Life
• Rental Property Investing
• The Millionaire Real Estate Investor
• The REAL Book of Real Estate
• So Good They Can’t Ignore You
You are more than welcome to reach out if you have any questions.
Good Luck and go make it happen!
- Wale Lawal
- [email protected]
- (832) 776-9582
- Podcast Guest on Show #469