All Forum Posts by: Eric Thompson

@Daniel O. I haven’t found an “area” that is producing what you want via the cap rate. Myself, I’m looking for forced appreciation properties that start at just a tad over cash flow neutral. Now I’m not an expert but I think these will get me where I want faster as I’m looking to stack up to a large cash flow property. (I’m not going to turn down cash flow if it shows up) 

In the meetup section there is a listing for a discussion on investing in Spokane. I have had some people point to across the state as a good area. You might want to check that out. 

Daniel O. any learnings from the past couple months? I'm in the same boat you are. Would love to invest locally but seems pricey for the first go around.

What better way to kick off my Biggerpockets experience than with a "Hello, my name is" post. 

My name is Eric Thompson and I'm just now kicking off my venture into REI. I come into this with ZERO background but a strong gut feeling that REI is how I will get to the freedom I am looking for.

My initial goals are to focus on multifamily forced appreciation with a medium term goal of turning my initial investments into a 100+ door property that cash flows. 

I met a like minded individual at my day job and he turned me on to BiggerPockets. So far I have spent my time in the education section but I'm ready to take my head out of the books.