All Forum Posts by: Christos Dimopoulos

Thank you all for your responses!

@Jack Butala

BP is an incredible site, I fully plan on gathering as much information here as possible through questions and research. Investing in land to get started could be something I would consider after doing some more research on how to best/most profitably do it. Great idea! For starters, what amount of money (rough ballpark range) would be needed to get into a low-priced land flip that could create some profit?

@George Tak

I also agree that doing the research and actually investing are two very different things. I feel as though doing research online can only take you so far, but in order to fully learn, you have to jump in and play the game to a certain degree. I'm sure there will be mistakes that get made (and I certainly want to minimize the amount and size of them). My goal is to strike a good balance here to invest into something initially where the stakes are somewhat lower and the investment less complex with less room for error. Also having some work experience in the RE industry would be greatly helpful to accomplish this.

Living off my savings is certainly not a long term sustainable option. You are absolutely right. I definitely need either a job as a source of income and/or some income producing investments (in real estate).

@Ethan Jones

Thank you! What an excellent idea MassVenture is! I am interested in learning more about the how I could gain some hands-off experience by investing through this platform.

@David Veeder

I certainly do not want to continue living off my savings for long! The more I can save for investing the better! Regarding the financing, great point on needing W-2 income. I may have to use my parents as co-signers initially in order to attain affordable financing given my current situation. I have considered idea of getting into a multi-family small apartment complex (5+ doors) and having the cash flows be my source of income while managing the property. My concern was getting in over my head if it was my first investment. Do you think it would be too much to take on for a first timer?

I would love to set up a time to talk with you about your experiences and get a better idea of some of the specifics.

Hello Fellow BP Members,

I am a 24 (soon to be 25) year-old aspiring Real Estate investor. I just moved to Dallas, TX with from Atlanta, GA for a fresh start. I am brand new to the area and while trying to figure out what direction I wanted to take my life, I found REI! I am sure glad I found it. I have previously worked in technology sales in Atlanta and do not yet have a job here in Dallas. I have some money saved up that I can invest into RE/live off for a period of time but am looking for advice on how to get started.

The strategies that appeal to me from a long term plan perspective are buy-and-hold Single Family and small Multi-Family (duplexes, triplexes, 4-plexes) houses. I see these as great a way to get into REI that should produce some cash flows fairly soon. I have aspirations to eventually get into larger apartment complexes investments in the future as well.

My situation of not currently having a job has me at a crossroads as to whether I should first seek a job to produce income and invest into REI on the side or jump into REI full time right away. I really like the idea of being able to dedicate all of my time to REI (searching, vetting, locating deals, and then managing the properties) but am hesitant to take the plunge. Are there any ways to do this?

I am brand new to RE from a hands-on experience standpoint but have taken a two-day seminar, attended webinars, listened to podcasts, and done a great deal of research thus far. I have thought about getting a job in Real Estate to gain some hands-on experience while getting paid. Are there any particular roles that I could get into in RE given I have sales experience on my resume? Which one would give me the best knowledge to help me in my future REI career. This does put all of my eggs into one basket (Real Estate), but it could be the best way to learn.

I would really appreciate any and all advice I can get here from experienced (and maybe even local investors) to help me make the best decision on how to proceed. If there are any investors in the Dallas area that could use some help in their business and are willing to take on young motivated and determined aspiring investor, I am willing to work my tail off to gain hands-on experience in RE and learn the business.

All the best,

Christos