All Forum Posts by: Benjamin Swicegood

Hi BP question... If I am currently renting out half of my downstairs in my home and thinking about renting the rest of house approx 1400 sq. feet would I be able to use that money to help finance another house. In other words would it count as income?

Newbie from Richmond VA looking to connect with like minded real estate friends.

Thanks Steve for the tip. I currently own a home and am renting a section of it to a guy. So maybe that is a good starting place for me. Buying a low priced home and renting it out.

@Dmitriy Fomichenko

I can't seem to get that to work right. But thank you for all the tips Dmitriy.

Thanks Paul for all the advice, I have downloaded the book and have been reading it whenever I can. I also found the podcast and found one REI club in this area. I plan to start small of course and low income homes but what do you mean by owner occupied gets first crack? Sorry if that is a silly question but like I said I am new to this. But eager to learn and get educated.

And sorry Steve, thank you for your reply and advise. Just not sure which way to go at first.

What is the best investment for a newbie with not a lot of cash on hand?

I have a strong desire to learn the ins and outs and especially how to get started. Any suggestions appreciated.