All Forum Posts by: Craig Anderson

There a few things to consider. One-what is your plan? Are you focused on what you want to do? If the answer is no to this, then you're not ready to make a deal. 

Two-if you do have a plan on the types of investments, then considering your situation, you should house hack. This gives you opportunities to learn as you invest and you are on the property.  You will most likely make mistakes, so don't be concerned with everything being perfect. 

Make sure you know your parameters and criteria, stick to it, be patient, and get in the game. Once, you feel comfortable with what you want to do, and feel that you are well prepared, then you are ready. Good Luck!

All the recommendations are great, I would read "How to Invest in Real Estate: The Ultimate Beginners Guide to Investing" also by Brandon Turner.  This helps you get focused and create a plan.  

It depends on where you are at with your investing and what you want to focus on for investing. If you haven't read any books yet, I would highly recommend:

How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started - Brandon Turner

This helps you get a focus on your direction and a solid understanding about investing.

LOL! I don't plan on living there, I was thinking of investing in senior communities, but not sure on the success of that niche. 

Hi Bigger Pockets investors,

I am seeing some decent properties in and around my area; however, a few of these properties are in 55+ communities. I've never bought in a senior community. Does anyone have experience with this niche?  I'm thinking it could be a possibility, but I know a lot of these communities have strict rules.  Please let me know if this is worth my time or not based on your experience. Thanks!

In my opinion, the questions that you are asking, you need to answer yourself based on your personality, time, effort and funds available.  You can be a realtor and continue as a waiter until you get yourself rolling with being a realtor. Lots of options, so you need to focus and narrow it down to what works best for who you are.

Hey Jake, I would consider holding off until after the elections, which is what I'm doing for now. However, if a great deal comes along, then I would invest. Especially given that you have the funds and are confident enough, and you'll be house hacking, then you have direct access to the whole process, and tenants. Good luck in whatever you choose.

I went to a meeting of theirs a few weeks ago, and decided that I could learn just as much on my own from books, podcasts, webinars, and forums.  It seemed like a lot of upselling.

The appeal of out of state investing, especially when you reside in California, is almost too hard to pass. However, patience is key along with being persistent and consistent in your property searches.  I would recommend that all newbie investors invest as close to home base as possible so that you can be part of the process and keep an eye on details better.  (Unless of course, you are familiar with an area and have connections.) I think it is wise to do any investor niche near your home so that you can learn from the experience.  There are always shady people out there whether it's in your town or out of state, so be careful with who you choose to work with when investing.

HI. I know in the BRRRR calculator when you enter REFI numbers, you need to put in around 70-75% of the ARV which is what you would get from the bank, typically.