All Forum Posts by: Gerardine Tshouongang

@Tom Wagner - Welcome! MA is definitely a highly priced market, but with that comes a higher appreciation likelihood so there's always a give and take. Feel free to reach out if you have any market related questions on multis. Happy to provide guidance in anyway I can.

I live in Dallas but currently looking at acquiring multifamiles in Worcester. Would you mind sharing some info about your investment? i.e list price, purchase price, rehab costs if any, how much each unit or room rents out for, zip code for the property etc... I look forward to your reply, thanks!

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@Dennis Wayne would you mind sharing how you started and with how much and in what market? Thank you in advance

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@Tarek Israwi I’ll be sure to share!

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Thank you for your insightful reply. Also, the post on your you invested in your first property is very interesting. I have a full time job as well, newbie and not well versed with real estate markets around the country. I will definitely be contacting the team at rentToretire to discuss my options. Thank you for sharing you story and providing me with excellent information!

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Originally posted by @Joseph Schweizer:

Hi @Gerardine Tshouongang!

First you need to identify what your goals are for real estate. Then you need to identify a strategy for reaching your goals (flip, wholesale, househack, turnkey, BRRRR, etc.). Create a great team of people in the market you are looking to invest (agent, contractors, lenders, PM, etc.). Understand how to run the numbers for the method of investing you want to do. Find a deal and make your first investment!

A post about my first investment!

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

Best Wishes!

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I already own a home so it seems a lot like the second option would be best for me. I Might have to get in touch with wholesalers to find good deals because everything on Redin/Zillow/realtor.com is very pricey.

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Originally posted by @Polo Vazquez:

buy a primary residence with 3.5% down. If you can house hack even better! If you can't do that then buy an outdated/ugly property in a decent neighborhood and fix it up as you live there. In a couple of years, move out an rent it.

If you do 3.5% you should still have money left over to buy another property. Do it

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Hi BP,

I am a newbie from Dallas TX and have yet to acquire my first property. I have 50K in my possession, what will you recommend I do?

Any advice will be greatly appreciated.

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@Yosef Lee

Such an inspirational story! Thank you for sharing. Good luck in all your endeavors

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All Forum Posts by: Gerardine Tshouongang

Gerardine Tshouongang has started 4 posts and replied 29 times.

Post: Property Investor in the Boston Area

Post: Starting out with 50k

Post: Starting out with 50k

Post: Starting out with 50k

Post: Starting out with 50k

Post: Starting out with 50k

Post: Starting out with 50k

Post: Starting out with 50k

Post: My first ever 44 Unit MF apartment closed in Dec. 2020