All Forum Posts by: Amanda Gordon

Thanks so much everyone. What a wealth of knowledge and support. @Ashley Cross you're absolutely right - learning from others is what I'm here for.

@Nathan A., I've downloaded David Greene's book and yes MTR are something I am considering - think it could be right up my alley.
@Carlos Valencia - I've reached out for an invite!
@Joseph Crunkilton, appreciate the recc, Zach's name has come up else where so I've set up an intro call.

Re: markets and in-state, out of state, I'll need to do a little more research - thanks for all the reccs.

The biggest question on my mind is about financing: @Eric Greenberg you recommended I target how much cash flow I'd like in 5 years and work backwards and then work out how to fund them to drive growth. Is there a template model or resource you'd recommend for this? I'm honestly not sure how to fund them beyond saving from my day job, maybe take out a HELOC and potentially starting to look for partners, which makes me think I need to skill up on creative financing. $150K was the purchase price I was thinking, I could go higher but I was thinking about setting myself up to be ready for the next property, but perhaps I'm being too conservative.

For my first property I'm thinking I'd prefer to go more of the turnkey / low rehab route so that it's relatively pain free.

Again, I really appreciate all the help & support and look forward to when I can pay it back to the community💛

Hi there 👋

First time poster, long time listener looking for a gut check on my strategy. My goals with real estate are to 1) make my money work harder than it would for me than if it were invested in the market, and to 2) diversify across multiple properties rather than saddling myself with a very large mortgage. I like my 9-5 and have a good income, I'm a strong saver with minimal overhead and I'm a hard worker and have time and capacity to learn. In 5 years I'd love to have a portfolio of real estate that's flowing enough cash that I could work part time or choose my consulting work. I'm open to taking risks but I'm more comfortable playing the long game and I'm experienced at working in systems and managing teams.

Goal: Build cashflow (& equity) 

Strategy: Long term multi-family rentals in emerging markets), 
Budget: For my first property I'd like to stay under $150K

Markets: I'm looking into Philly, PA Cleveland, OH, Ft Wayne, IN
Plan: I'm reading multi-family millions, joined my real estate investor group, and planning on taking the BP multi-family bootcamp. I think my next steps are to 

My questions: 

1) How would you choose markets? I think out of state will be more affordable (I'm based in Seattle).
2) Does my strategy match my goals? Are there other strategies I should consider?
3) How do you know when you're ready? I've been considering doing this for years and can see myself getting caught in analysis paralysis. Would love advice on how to know when to make a move / get over first buyer jitters.
4) What am I not thinking about that I should? 

Thank you so much in advance 🙂

Amanda