All Forum Posts by: Christopher Lee

What does waiting do for you? If you know that the market is favorable right now, why would you wait if you're sure you have your plan? No matter if you start now or in 3-4 years the market will change -- which way we can't really say. It might be better; it might be worse.

If you're waiting because of financials my advice would be to get your start working for a property management company. Keep studying and reading about the industry while you do, but by cutting your teeth there you'll learn real-world skills and knowledge for many different forms of real estate investing.

That's essentially what I'm thinking. And yes the main reason I'm waiting is because of finances.

It would be nice to work for a property management company, hopefully I can also in some way involve what I'm studying in college, however even if I do that I wouldn't be really getting started in Investing until a few years down the road.

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Hey everyone, I've just been thinking about my situation. Almost 20 years old, in the middle of college, and I really want to use Real Estate as my tool to financial independence.

Now I'm not asking for intro to Real Estate material or anything. I already pretty much know what I want to do: Buy & Hold, In-state for first few properties, house hack my first place, etc. I'm more curious about what I should do now to jump in. I just don't want to be that guy that had everything planned out for after college, and then come to find out that the house market has flipped on itself, loans are hard to obtain, and have higher rates,etc.

So is there anything that I can do that will allow me to take advantage of this great time before it runs out? Or am I just crazy and I'll be fine in 3-4 years?

Thanks.

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If you don't feel comfortable renting a duplex to a family of 7 and don't like the idea of being rushed then don't do it.

I don't see any point in going through all that stress unless you have vacancy problems, but if you have vacancy problems I think you have bigger issues to solve.

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Originally posted by @Anthony H.:

Originally posted by @Neil Patrick:

Hi Everyone - I'm new to BP and new to REI. I live in Southern California, as the market is super inflated. I am looking to make my first real estate investment as I have enough cash to either buy a cheap place in another state (40-50k) or buy a place that's a bit more expensive and get a loan as I have great credit.

Can anyone help with some advise on what state I should look into with good cash flow opportunities? I appreciate all the help guys!

(Disclaimer: I'm very new to rei myself.) But in my opinion you shouldn't totally write off socal, even if you do invest out of state. It's more expensive, yes, but the rents you could command are higher as well. It may be a lot more difficult than in other parts of the country but if you could find the right deal, even just one, it could work out very well for you.

If I'm not mistaken, California is known for it's tenant-friendly laws, which provides another reason for why fewer people invest there, correct?

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@Brandon Hall

That makes sense. I appreciate the response.

I'd just have to find out how to build a good trustworthy team if I went the out of state route. Are teams typically formed in a few months? Seems like a short time.

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@Brandon Hall

Do you think it's worth it to leave a great local RE market(Atlanta) for a location that's much rougher(San Francisco) just for better non-RE career opportunities, and standard of living?

The question has been on my mind for a while now, but the only problem that has been holding me back from saying San Francisco is the thought of me having to start my RE goals by going into out-of-state investing instead of in-state.

However, like you said, out-of-state investing sort of gives you more freedom. You're not stuck to one area, and it can lead you to a more passive style of investing.

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Originally posted by @Larry Fried:

@Christopher Lee

Hi and welcome to BiggerPockets! It’s a great place to learn more about investing and meet the people you want to meet. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and don't forget to set up your Keyword Alerts!

I'll make sure to get to those things.

Thanks for the Welcome!

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Originally posted by @Taheem Bellz:

Welcome Chris, BP is definitely the place to get an awesome education on REI. Stay active with the rest of us that is also learning,and paying foward. Listen to all the podcast even those that is not dealing with buy and hold strategies because trust you will learn something from a flipper or wholesaler that you can use for your buy and hold business. The books, webinar, forums,and just engaging will definitely lead you to the right direction.Happy investing

Thanks for the welcome!

I have been avoiding all the podcasts that don't directly relate to buy&hold so I'll definitely start listening to all of them from now on.

Thanks again!

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Welcome to BP! @Lisa Rivera

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All Forum Posts by: Christopher Lee

Christopher Lee has started 2 posts and replied 13 times.

Post: Rookie from Boston, MA with interest in Multi units

Post: Can I get started now before it's too late?

Post: Can I get started now before it's too late?

Post: Neighbors house burns down and they want to rent mine ...But

Post: What state to buy my first investment property to cash flow?

Post: Buying investment property out of state for my first rental. Is this a good idea or a bad one?

Post: Buying investment property out of state for my first rental. Is this a good idea or a bad one?

Post: Hello from Atlanta!

Post: Hello from Atlanta!

Post: Hello from Fayetteville, North Carolina!