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Updated almost 4 years ago on . Most recent reply

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Casey Johnson
  • Mangilao, GU
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Guam real estate market

Casey Johnson
  • Mangilao, GU
Posted

Could anyone help me get into real estate investing ? I’m not in the main land but any tips for getting started would greatly be appreciated

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Hafa Adai! 

Hello all, I am young hungry entrepreneur looking to get my feet wet in the real estate market I recently discovered Biggerpockets not too long ago and I am trying make my family's home (my future home) into the best investment possible. I currently reside in Las Vegas, but I am from Guam and my family and I are currently renovating our house there to rent it out. The home should be done in about a month, we are planning on taking the equity to pay off some debt and hopefully get into another property either in Guam or in Las Vegas if all goes well. I am looking for a potential property manager if the numbers work as we have had horrible tenants and property managers in the past and it ultimately cost us a lot in renovations. Does anyone have any information on what the current housing market in Guam or any possible information on how I should go about this whole process? My plan is that this property cash flows well and can be some slightly passive income with a great tenant, anyways do you guys have any suggestions or advice for a 22 year old just starting real estate investing or someone who is in my position? 

Anything helps thank you!

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