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All Forum Posts by: Jacob Benninger

Jacob Benninger has started 11 posts and replied 14 times.

Post: Schenectady, NY First Steps

Jacob BenningerPosted
  • Altamont, NY
  • Posts 14
  • Votes 3

Hello Everyone,

Over the last few months, I have been working on finishing up college, securing a full-time job and saving up a down payment for a small multifamily apartment. I am now ready to take the next steps and actually start looking for properties. I just don't know where to start.

I have listened to countless podcasts and read several books on real estate, but they all contain a lot of theory and not much practical advice. My goal is to purchase a property within the next 8-10 months using traditional financing. 

Where do I go from here? What resources are helpful in looking for properties? Should I go and start talking with local banks about getting a loan? How do I learn about the characteristics and numbers of an area like Schenectady? 

I am very motivated and excited about buying my first building, I just don't have anyone to ask about the process of buying. Any advice would be greatly appreciated. 

Post: What's in your Tool Box?

Jacob BenningerPosted
  • Altamont, NY
  • Posts 14
  • Votes 3

There are a lot of resources that talk about the basics of Real Estate and investing. However, I can't seem to find a lot of resources that talk about the tools available to us to make the process easier. Which leads me to ask this technology related question. 

Other than Bigger Pockets, What programs or Websites are out there to help a landlord with various aspects of the business. From acquisition to managing?  

Post: Leveraging Scrappy

Jacob BenningerPosted
  • Altamont, NY
  • Posts 14
  • Votes 3

Hello everyone, 

I am very new to the world of real estate and I am about 8 months out from being able to jump in (Finishing up College). My question is about sweat equity and using my own physical time to get ahead as I am starting out. 

If you could go back and give yourself any piece of advice, what would it be?

I have heard many people talk about working on their business instead of in it, but what if you lacked the resources to pull that off? Where would you focus the majority of your time in order to grow and scale effectively? What skills would you teach yourself and what type of people would you surround yourself with in order to learn the game? 

Post: Newbie From Albany, NY

Jacob BenningerPosted
  • Altamont, NY
  • Posts 14
  • Votes 3

Hello everyone! My name is Jake and I am very interested in learning about buying and holding residential multifamily and single family homes. I am currently studying Accounting and business at Schenectady County Community College and UAlbany, while working for Stewart's corporation. 

I recently became interested in Real Estate after talking with several landlords in my Fiancee's family. They have held property for a long time and were able to pay for their children's education and weddings with the money they had saved. After seeing their success, I started to consider Real Estate as an avenue for my own wealth creation. 

My goals for my investing are to replace our W-2 income, start a tax and bookkeeping practice and position myself for an early retirement. I really enjoy my job, so I want to learn how to create a scalable business that I can control while working full time.