All Forum Posts by: Devin James

Hey Grant Sicard,

Bigger Pockets is the best community to grow your knowledge on real estate investing. To grow exponentially, I recommend you to go to local meetups to meet like minded people in Iowa. You will be able to meet investors, agents, contractors, lenders, property managers, etc. 

Good Luck!

Hey Benjamin Carver,

I like how you focused in on the type of person who you want to be, and worked from that point of view. 

Many people have different goal formats. This year i'm trying performance oriented goals rather than results oriented goals. Example, instead of having a goal to purchase 1 property, the goal is to send 1 offer a week. 

Good Luck!

Hey AJ Wong,

Great post, seems like i've learned many of the same lessons in my journey. Emphasis on "It always costs more" "It will take twice as long". But I really enjoy point 5.1, it is vital to have a good perspective and enjoy the process.

Hey Bryant Sala,

I think many people will agree that if you have a low interest rate, then you shouldn't trade that for a higher one. Borrowing at 3% or lower was an amazing opportunity that many people wish they took advantage of.

If you run your numbers and think that your capital can go further by refinancing, then go for it. But it will be difficult to find a deal that justifies letting go of that lower interest rate.

Good luck!

Hey Kevin Kim,

I think most people advice would be to speak with an attorney in your area.

That being said, there is usually an answer to every problem and there is probably a way to make this property work financially. But you should ask yourself if its worth the potential headaches & time commitment.

Hey Matthew Nosal,

Looks like a great deal, congrats! Holding costs adding up quickly is a great lesson to learn which I am learning now. Time is definitely of the essence.

Good Luck!

Hey David Yue,

I would start by asking yourself what you consider a "good investment"

Everyone has a different criteria. But many investors look at cap rate & cash on cash return. Since you stated that you have little to no experience, I recommend that you take a little more time researching and learning through books or podcasts. & I would focus on what type of returns you should look for, specifically with cash on cash return since I believe its simpler to understand.

Once you find out what return you are looking for, then I would do some deal analysis through the Bigger Pockets calculators (Tools Tab). Then you should be able to come to your own analysis on what is the best decision for you.

Good Luck!

Hey Tiger Lilly,

I think its hard for a member to give you an answer without you clarifying your goals & market. Do you want to make a bunch of money asap? Do you want cash-flow? Appreciation? A little bit of both?

Either way, it seems like you've been doing well for yourself. So you will likely put the capital to good use. Keep it up & Good Luck!

Hey Jacoby Dorch,

To get started I recommend going to some real estate investment meetups. You can find them by searching through bigger pockets or just online. This is where you can meet like minded individuals and be able to start your investment journey on the right track. Good Luck!

Hey Nicole Duarte,

Tyler is hitting all the great points. Go to real estate meetups, this will be the quickest way to meet new people and get your foot in the door.

Good Luck!