All Forum Posts by: Cordell Hinton-Brown

Hi there.

I am new to bigger pockets and real estate investing. I am looking to start investing in a few different ways. 

First, I am looking to purchase a property and live in it. At the very least, I am looking to stop throwing my rent money away and try turning it into equity (down the road). I am also interested figuring out how to get tenants/roommates to pay for the mortgage on the property so that I negate my rent  expenditures completely. 

Second, I am looking to slowly over the course of at least two years (at the very least) rehab the place so that eventually when I do sell it, I will get the most out of the property that I can.

Some of my challenges/opportunities are as such:

I am willing to move anywhere for a good property investment. Some of the areas I am most interested in are: New Orleans, Nashville, Albuquerque, Santa Fe, Austin, Sacramento, Houston, Savannah, San Antonio and Atlanta. I have chosen these areas because these are growing cities, with lots of young people moving in and most of them have plenty of access to nature and hiking and biking opportunities.

I have a fair credit score but my debt to income ratio is very poor. I am trained as a lawyer and have thousands of dollars worth of student debt. I work in the public sector generally and don't make enough to counteract the federal debt to income percentage.

I have not been able to save any money for a down payment due to trying to pay down my student loan.

I have recently inherited a small amount of money enough for a down payment on a property (hopefully). 

I have read a few books, like 'How to Invest with No Money Down', and 'Property Investing for Dummies', but I am curious if anyone has any general advice in the current property market.

Mostly, I just want to meet some people who are doing the same thing and/or have done the same thing so that as I move forward in this process, I will have a support/resource community. 

Thanks!

Renee

So if we need anything local we can post about it here? Hopefully people will see it, good idea.

Should work as long as it catches on. @Cordell Hinton-Brown Hopefully it does. With that being said, who are y'all using for GCs in the area?

I've been meaning to submit an idea to @Brandon Turner and @Joshua Dorkin that I've seen on other forums that I use. That's to have a "Regional" section of the forum, broken up into NE, SE, SW, NW, MW sections, further broken down into states. Within the state forums I've even seen people "sticky" (are you familiar with this?) individual cities. It's really helpful in the forums I've used before. Just a thought.

@Cordell Hinton-Brown

Welcome to the site and thank you for your services.You are in the right place. I know a lot of people use a VA loan to grow the investment. As a loan officer and an investor in Houston, we work together a lot. Start listening to the podcast is a very good start. You can meet a lot of people in the RICH club of Houston as well they main event is next week and free July 11, 2015 Main Event, Please let me know if I can help you in any way.Again,very huge thank you for your service.

Good luck.

@Cordell Hinton-Brown

Anytime. Yeah I really like Carlsbad, especially the weather. Real estate is expensive here, though.