All Forum Posts by: Dan Guenther

@Joshua Berry

Welcome to the BP community! You're in a great spot to connect with others and find all the resources you need. It's so nice to have a place where you can come to for help and get the opinion of others who are actually doing what you are looking to do.

Let me know if you are ever up in Denver and we can meet up for a coffee!

@A.J Frazier

Welcome to the BiggerPockets community! No matter where you stand in your real estate investing journey, BiggerPockets is the ultimate resource for all of your investing needs. I’d suggest starting out by networking with as many other investors as possible and be an active participant in the forums.

If you haven’t already subscribed to the BiggerPockets podcasts, do that ASAP. Look for meet ups in your area (virtual), attend free webinars, start reading as much as possible on any and all topics related to investing and real estate. Use the forums to help you search for the answers to all of your questions. If you can’t find your answers, then create your own post!

Feel free to DM me with any questions.

Good luck and get educated!

@Gabby Adrian

Adding your podcast to the list. I'd be happy to connect and share some wealth!

@Ryan L.

Welcome to the community! 

With a condo you will most likely be paying for HOA and have more restrictions on the rental side of things. As far as financing, there are a lot of factors that lenders look at. If you have decent credit and a steady income, then you can get a conventional loan with 3-5% down. The benefit of this is that when you reach 20% equity, you no longer need to pay the monthly private mortgage insurance (PMI) where as with the FHA loan you are paying PMI for the life of the loan unless you refinance.

If you are willing to sacrifice a bit of personal comfort, I'd recommend house hacking a single family house and using the rent by the room strategy. It's a great way to maximize returns, especially for a first investment!

I'd love to connect and help out with any questions that come up. 

@Brian Kohtz

Welcome to the community! As a former special educator, this makes me super happy to read! There are a lot of ways you can go about this. If you haven't already, you should check out Thach Nguyen on IG. He has his kids in charge of the laundry units in some of his apartments. Maybe you could work a way for him to manage a part of the business. Also, something I wish my parents had done with me was being an open book when it comes to your finances. Sharing the whole process, showing the numbers and explaining what it all means will be huge for your son. 

I'd love to connect and help out on your journey! I'm up in Longmont so not too far away from you. 

@Mike Trzaska

Congrats on the progress! Like @Jaron Walling mentioned, have you looked into starting an LLC now that you have scaled up a bit?

@Shaniqua M Lindsey

It's perfectly normal to get multiple bids on a job. It's important to find the right contractor and get the rehab started ASAP as this is your business and the holding costs add up quickly. 

@Jose Aguilar

Welcome to the community and embracing the vulnerability of putting yourself out there!

The beautiful thing about real estate is that you no matter where you come from there is always an option that can work for you. Keep getting educated and work on paying off debts. 

Check out a couple books on mindset and building wealth: 

The Richest Man in Babylon - George S. Clason

The Wealthy Gardner (my personal favorite) - John Soforic 

Reach out with any questions and I'd be happy to help you get the ball rolling on your future goals!

@Ashley Casimir Vasnaik

Welcome to the community! My wife and I spent five years in Portland. We rented out a house that was a originally a single family house split into 4 units plus a record store downstairs. Portland has a lot of unique properties that can be creatively turned into multiple units. I'd be happy to connect and chat more about your plans. 

@Amar Vedula

Welcome to the community!

I'd love to connect and pick your brain a bit more on the stocks side of investing. I'm always down to provide any advice that I ca on the rental side of things. 

Good luck to you!