All Forum Posts by: Account Closed

I'm trying to get into real estate investing, and I have had people tell me to get a CCIM designation. I was told that it is a great couple of courses on financial analysis for all types of real estate investing. However, I have a civil engineering degree with no financial education. The CCIM seems like something for experienced folks in the industry, not for someone getting started. Does anyone have some advice for where would be a good place to start on getting the basics needed for the CCIM courses? I do plan on taking these courses one day because of the recommendations I have received. Any and all help is appreciated. Thanks.

@Jared Garfield

These numbers are helpful; thank you for the post!

I'm trying to get started in real estate investing by purchasing a house in Birmingham. My plan, initially, is to buy a house and live in it until we build up enough to purchase another home, then we would rent the previous home.

My desire is to build wealth slowly and conservatively over time, so I would say that equity is important to me. What advice would you have for someone like me? Would you recommend using these numbers you listed above, or something else?

Thanks!

@Jason Hollon - Sorry I did not tag you in the previous post.

@Chris Erwin - Thanks, Chris. I will check it out and let you know if I'm interested through a personal message.

I am looking at a max of $200,000. I have not done all of my reading for understanding renting houses, so I do not understand why higher areas would offer less cash flow. If you have an article, post, or explanation for this, I would greatly appreciate it.

Hello everybody,

This is my first post on BP. I am looking to purchase my first home in Birmingham to live in for a few years and turn into rental property thereafter. I'm curious as to what areas some experienced folks would recommend as long-term, conservative areas for investment to someone who is getting started. 

I'm not looking to get rich quick off of a flip or anything. I would like something that I could hold onto for a long time and feel confident about for the life of the investment.