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All Forum Posts by: Chase Wright

Chase Wright has started 1 posts and replied 7 times.

Post: New and looking to learn

Chase WrightPosted
  • New to Real Estate
  • McKinney, TX
  • Posts 7
  • Votes 3
Quote from @Anna Laud:

@Chase Wright House hacking is a great way to start but it definitely matters if you have a wife and three kids (CONGRATS!) then another starting point people suggest is wholesaling but that is rarely done correctly. I think your best is to keep reading and above all build your network reach out to local investors and ask what they need help with.

I work with special needs kiddos and we often call investors, lawyers, etc. and ask them how we can create an intern program where we help them and learn the business at the same time. It works very well. If you need more details please let me know. We're all rooting for you, you're going to do great Chase!

 Thanks so much for sharing @Anna Laud! This is helpful

Post: New and looking to learn

Chase WrightPosted
  • New to Real Estate
  • McKinney, TX
  • Posts 7
  • Votes 3
Quote from @Michael Smythe:

@Chase Wright may be easier, and somewhat "safer", to buy a new primary and rent out your current home.

Depends on motivation and ROI.

 @Michael Smythe This makes sense and is not something I even considered as an option. I view my primary as my long-term home, 3 young kids with a good school system, so this is where we are settled. It seems like it would be more challenging to find a new primary of equivalent lifestyle, but that's just me assuming. If it makes sense, it makes sense. Thanks for sharing this option!  

Post: New and looking to learn

Chase WrightPosted
  • New to Real Estate
  • McKinney, TX
  • Posts 7
  • Votes 3
Quote from @Wale Lawal:

@Chase Wright

Real estate investing involves setting goals, checking if you're ready money-wise, and learning a lot. It's key to link up with local groups and pros. You need to look at different places, ways to pay, and decide if you'll buy nearby or far away. Using sites like Zillow, Redfin, and Realtor.com, figuring out deals, and doing your homework well are key steps. Property management, monitoring performance, and growth strategies like BRRRR can help scale a portfolio.

Good luck!

@Wale Lawal - Thank you for this advice. I think I'm understanding it is about obtaining a solid grasp on these various aspects, then creating action in the right way. 

Post: New and looking to learn

Chase WrightPosted
  • New to Real Estate
  • McKinney, TX
  • Posts 7
  • Votes 3
Quote from @Michael Smythe:

@Chase Wright do you own a primary already?

If not, buy a 2-4 family to rent out the other units or buy a 1-family and rent out the other rooms.

@Michael Smythe - Thanks for commenting here.

Yes, I do own a primary residence with a decent amount of equity, which I may need to utilized for my first rental property.  

Post: New and looking to learn

Chase WrightPosted
  • New to Real Estate
  • McKinney, TX
  • Posts 7
  • Votes 3
Quote from @Michael Dumler:

@Chase Wright, if you're starting out, most experienced investors would agree with me that you should house hack your first deal to gain experience. If you're new to the investment strategy of house hacking, read "The House Hacking Strategy" by Craig Curelop. House hacking is one of the most risk-averse investment strategies and is relatively straightforward for beginners. 

Thanks for this advice! I currently live with my wife and 3 children, so I'm not sure this would be a good option for me. I understand house hacking as more of a fit for single individuals. Or at least without children. 

Post: New and looking to learn

Chase WrightPosted
  • New to Real Estate
  • McKinney, TX
  • Posts 7
  • Votes 3
Quote from @Denver McClure:

Hey @Chase Wright, feel free to reach out if you need any advice on getting started, I'm also here in Dallas. I'd recommend speaking with @Matt Solis as well!

Thank you Denver! I'm working to get my personal finances well established/understood, which I think will help me determine my best path forward. I'm also reading "Rental Property Investing" by Brandon Turner. I will plan to reach out to in the future to better connect. Any advise you have is welcomed.

Post: New and looking to learn

Chase WrightPosted
  • New to Real Estate
  • McKinney, TX
  • Posts 7
  • Votes 3

Just getting started in my real estate investment journey. To be honest, I am not completely confident I will be successful, but I have mentally committed to making a consistent effort towards progress. I do not yet know what my end goal is, but my current goal is to obtain 1 single-family home rental property, and expand from there. Hoping BiggerPockets will allow me to obtain the knowledge I need.