All Forum Posts by: Lisa Henrich

You should really consider buying a multi-family property. Live in one unit and rent the other(s). You will be living for a fraction of the cost and be able to save money towards your next investment property. Assuming you have the personal lifestyle right now to be comfortable doing that...I say, Go For It! I really wish I had done this when I was starting out. I believe another investor here mentioned doing this it, as well. Good Luck!

Has anyone ever used crowdfunding to finance real estate?  If so, was it successful?  I currently work full-time and have two rental properties.  I would love to acquire more properties in a timely manner...without just having to save up the cash for the acquisition.  Any insight would be great.  

Thanks!

Lisa

@Raymond B.  ha!  Thanks for the tip :)

Congratulations on finding real estate and going after that passion.  Your youth is your biggest asset!  We are all doing the exact same things you are doing, but we do not have the time that you do.  My biggest regret is not starting sooner.  I would suggest considering the purchase of a multi-unit for your first property.   You could live in one and rent the others.  You could do this even if you plan to attend college.  You could, essentially, live for free.  You could also purchase this as an owner occupied property which means you could get in with as little as 3.5% down on the purchase price.  You are not too young to start.  Good luck and don't forget to update us!

Lisa

@jeff rabinowitz...you make a very good point.  Thanks for taking the time to reply to my post.  

I've recently jump started my real estate career into high gear and have been wondering if getting a mentor is something I should consider.  I do a lot of reading and listening to pod casts.  I've also started to network with local investors and attend meet up groups.  My focus is buy and hold real estate.  I have two properties in my area of interest since 2007.  Is having a mentor worth it?  If yes, how would I go about finding someone who would be willing to mentor me without paying a fee?

Thanks!

Lisa  

@Sue Kelly...thanks so much for the information.  Thanks for the link, too.  I will definitely do more research.

@Anish Tolia...My properties are A/B and are close to my primary residence.  Thanks for your response.  It gives me a lot to consider moving forward.  

@Zach Zimmer...thanks for the info.  Your professional and personal life sounds about as hectic as mine.  It's great to know it can be done.  Now I just need to figure out if I want to do it :)

Thanks Christopher!  I actually went to my first local real estate meet up last night and I'm in the process of starting my own all female real estate meet up right now.  I'm very hungry to get involved in this business so I'll take all the insight I can get.  Thanks!

I'm a buy and hold real estate investor in PA and I've recently started joining local real estate meet up groups and joining forums like Bigger Pockets.  What are some other ways to begin to network with other investors?  

Thank you all for the input.  I am planning on purchasing a third rental before the end of 2015 and at least two more in 2016.  I think I'll consider it in the future when I'm ready to quit my day job and do real estate full-time.  My concern is mostly regarding the legalities of being a property manager and dealing with problem tenants.  I wouldn't mind the day-to-day of managing my properties; my real concern is having to evict tenants or go to court.  Any suggestions on how to feel comfortable with that end of the management spectrum?