All Forum Posts by: Ethan Jackson

I’m going to do some digging and reach out if i have any questions. These responses are very helpful in guiding me in the right direction, so thank you for your input.

Thank you both. I will definitely look into a tax professional. And yea, that’s what i was thinking at first @Arissa Pedroza, I’m new to this and wasn’t sure how plausible it was. I still have some time before i purchase, so i will make sure to look more into the San Antonio market.

I am either thinking of purchasing a multi home and renting out additional units while house hacking, or purchasing a single family home and selling it within a year to two years. What do you all think are the pros and cons and which route would you advise for me to go?

I initially wanted to purchase a multi home. While house hacking I can save some money to purchase a home after two years of renting out my additional units. 

Than I started to think about my market a bit more (in San Antonio), and wasn't sure if that would be best.

I could purchase a new home, renovate over the course of a year or two then sell it to work on my next property. 

I am not 100% sure which route I want to take at the moment and wanted to hear your thoughts. 

@Braden Smith AHHH! this is perfect! Just skimmed through it and it looks like it is exactly what I'm looking for. I'm going to make sure to read it through. Thank you!

thank you! @Dmitriy Fomichenko , I was able too check out the guide, now I will make sure to listen to the podcasts. Really great information on here

Thank you @Brian Phelt, I see you are in the San Antonio area. If you or anyone you may know are in wholesaling, please let me know. I am trying to learn as much as I can about that process so I can start when I am able. 

I don't know of any meet and greets in the area, but I would love to get involved in that as well if you have any leads!

I am interested in Wholesaling and I am trying to figure out the process to make sure I have a better understanding. I'm unsure of how to close for real. I'm sure real life experience will be the best teacher, but I don't think I'm in the right position nor have the resources to start today (I could be wrong, but that is why I'm asking for help). Either way this is what I have gathered:

-Look up houses, Pick one that is in my price range and looks suitable for me.

-Go to site and see the property and see what repairs, if any, are needed and how much it will cost to repair.

-Go and analyze the property (plan to use the wholesale calculator provided by Bigger Pockets)

-Start looking for possible interest in the property (get a feel for if someone would be interested, but not necessarily give away the property)

-Get the owner under contract

-Get buyer.

I am unsure the next steps from there. how to actually close the deal and what that requires. 

And if all this is wrong, please let me know. I want to do this the correct way! 

Hello Bigger Pockets members!

I am new to the site and am hopeful to learn as much as I can about Real Estate Investing. I am a recent graduate from The University of Alabama, where I studied Aerospace engineering and minored in Art. I was fortunate to use my design skills and digital artwork for advertising and logo design through freelancing. I am currently making my transition from college life to the workforce; in the midst of that, I have always had an interest in real estate and I believe I can learn a lot from this community. 

I hope to engage with many of the members here and possibly assist with any resources I may have as well. I am hoping to get started in wholesale real estate where I can learn the ins and outs and explore from there.

I am looking forward to expanding my network here on biggerpockets.com!