All Forum Posts by: Evan Hopple

Hello All,

I'm excited to be here! I'm currently a Consulting Engineer for a IT company. However, I have been extremely interested in real estate investing over the past month or so. My goal is to create passive income and then eventually turn this into a full time job for myself. I know i have a long road ahead of me to able to achieve this goal, but I'm very motivated to make it happen. I think I'm still 4-5 months out on closing on my first property so I can get all of my ducks in a row. 

I'm looking for guidance specific to financing my first property and what market I should do it in. I'm currently located in Morrison, CO. As most of you probably know, real estate is not exactly affordable in Colorado. Due to this I was thinking a market outside of Colorado would be a better approach. I'm not sure how feasible that it is, but that is why I'm on here asking the experts. As far as financing my first property, I would like to tap into the 250000 equity i have built in my current home. I'm not sure what the best route is here. Cash out refi does not make a whole lot of sense since I'm in at the low 3's. has anyone used a HEL or HEI loan to finance a property? what other options are there? 

Another obstacle is limiting my personal liability. I have read LLC's are not the best to buy real estate with it being difficult to get loans from banks due the limited liability. should I put these properties under my name, or should create some sort of corporation/llc to put my properties under.

Thank you in advance for any guidance and advice. I'm excited to be here and start my real estate investing journey.

// Clemens Georg

Hi everyone,

I'm Harish and I'm based out of Seattle and I'm new to real estate investing and am particularly interested in exploring turnkey properties preferably multifamily, especially out-of-state opportunities. I’m looking for advice and insights from more experienced investors who have experience with turnkey providers or purchasing remotely. Specifically, I’d appreciate recommendations on how to identify trustworthy turnkey properties, vet providers, and avoid potential pitfalls.

Any tips, resources, or suggestions would be greatly appreciated!

Thank you in advance for your help!

Hey all! I'm new to both Bigger Pockets and real estate as a whole. Looking to buy my first property in about a year but eager to learn and prepare in the meantime. I am in the Navy and living in Virginia. 

Hello Everyone,

I am very excited to be part of this forum now that my daughter and I are starting this new journey of investing our money in real estate. We recently purchased our first house in OH, far away from our home in CA. I am looking forward to learning from all of the members as well as the tools offered here. I'm going to be honest, it is kind of scary venturing into unfamiliar territory, after 19 years in the home health industry, but being part of Bigger Pockets gives me the confidence necessary to not give up or slow down. 

Hello!

I'm excited to join this community as I begin my real estate journey. I'm trying to learn as much as possible to gain the confidence needed to invest in my first property. I'm based in Bucks County, PA, but I frequently visit Ocean County, NJ, and Southwest Florida. I look forward to getting to know these markets better and connecting with fellow real estate professionals here.

Any advice or insights you can share would be greatly appreciated!

Thank you,

Marcy

As a newbie to real estate investing, I'm excited to embark on this journey of building passive wealth. I'm particularly interested in investing in single-family homes (SFHs) or multi-unit properties in emerging cities across the United States. To make the most of this opportunity, I'd love to hear advice on promising emerging cities to focus on, the advantages and disadvantages of each, and alternative financing methods beyond traditional mortgages

I am a general dentist in the Akron area looking into purchasing my first rental property (specifically condo's).  The locations I am looking into right now are Conway, SC and Titusville/Melbourne, FL.

What drew me to these locations are the lower costs of condo's relative to the greater Akron area, as well as the properties are sitting on the market much longer than in my area, and overall higher monthly rents.  The drawback I have is that it is difficult to pounce on properties that are still selling relatively quickly with the commitments I have  to my patients in my dental practice.  

What advice would you offer to someone with no experience to date with rentals in terms of selecting the best location to look for properties?  I have had several friends suggest that it would be wiser to start off with rentals within driving distance of where I live.  Just curious and would appreciate brutally honest thoughts.  Thanks!