Hello everybody,
I have been listening to BP podcast lately, and finally decided to engage in discussions. Happy to be here!
I’ve been interested in real estate for awhile, just recently decided to take that extra step to learn more. While trying to get more active with observing my local market, trying to get more familiar with what to possibly expect walking in... when that time comes.
Lately, I’ve been focused more on the numbers end of it and trying to run through mock deals with random properties online to get an idea. If anybody has any tips, material, or good things to know starting off. Please share!
The idea is to start off with a duplex, and live in one half of it with my other. That’s with hopes everything goes somewhat the way I imagine, this will at least lessen the mortgage and other general costs. While giving us the opportunity to save and reach a point to where we want to pursue another multi family home property, or if we didn’t have a pleasurable experience... at least move into a new house, while still having the duplex completely rented out for a small side income.
The way I see it, I won’t know if it’s for me or not without opening this door and walking through it. I’d rather learn from my mistakes than regret not taking a shot in new areas.
Any information, or general opinions would be greatly appreciated. I’m working over time to understand how the numbers work, get ideas on other plans and execution styles, and all around experiences from other individuals who are, or have been in a similar position.
Thanks again, looking forward to getting more involved with the community!
