All Forum Posts by: Jason Raynor

Quote from @Skylar Jennings:

Hey BP Team! My husband and I will soon be moving from Oahu, Hawaii to Cookeville, TN (in between Nashville and Knoxville) and are looking for any/all recommendations for Team Members in the Middle Tennessee area. This will be our first property that we intend to house hack but we are looking to build a Team as our next move would be in the STR realm within the 2023 year. Thanks to BP, we have been connected with one lender, but would love to hear any recommendations for additional lenders, investor friendly RE agents, contractors and RE tax professionals.

Additional details: We intend to house hack a multi-family but are open to a single family if the numbers work. Our current max budget is around $350k depending on the loan type. Thank you!

 My girlfriend currently lives in Knoxville and I live in NC, We have been together for about two years seeing each other 2-3 times a month. We're both 16 and plan on moving in July of 24 in an areas in or near Knoxville. We plan on house hacking and starting our RE journey why she goes to college. I would love to dm or chat with you both about the market, contacts, etc because this is a very exciting post. I love meeting new people interested in RE and it's cool you mention Tennessee!

Quote from @Hadeil Bujezia:

Hi, everyone! I'm new to BiggerPockets, I found out it's a good place to start learning and asking questions. My plan is to start wholesale and then Brrrrr and hopefully invest in multifamily units.

 Welcome to the vast world of RE! Best of luck from Eastern USA

Quote from @Alicia Marks:

I always wanted to be my own boss, I don't like the idea of being stuck at a job capped on my salary. I want to be the one who controls the amount of work I put out and the return on it. I've been investing in stocks using custodian accounts for a while now. My dad used to own a fair amount of apartments and houses and he and I were the ones to maintain them, he taught me everything from electrical to plumbing, putting in floors and new walls etc. I recently started working on cars for people as a side job so I'm fairly mechanically inclined. My fiance and I have already been saving for a year and by the time we are 18 we have right at $23,000 saved for investments and that doesn't include our own personal savings/assets. It's really a mindset you have to introduce to your kids about how important using money as a tool is and why working now so you won't later is important. My parents are older so I saw what it's like to work your whole life with physical labor jobs and short term starting out is fine but somewhere I told myself that can't be me. What drives me is that I want that fancy life, being able to spend a lot of time with my future wife and our kids, go on vacations, and be able to do what I love most...Entrepreneurship.

Quote from @Evan Alfaro:

Just utilized BP to attend a group meeting this Saturday! Baby steps! 

 Get there early for the networking! It's one of the best ways to learn and get used to new people and groups.

Quote from @Paul De Luca:

@Jason Raynor

100%. There are a bunch of correlations between being physical healthy and success/productivity. If you have better health, you're more likely to think clearly and make better decisions. 

Your hygiene and physical health are the first impression people get of you and it's the physical manifestation of your thoughts and habits.

 Spot on! I think being successful is being able get your mind right and maintain consistency and selfcare. Even as a guy I take my hygiene very serious and it matters, obvious something is working because I've been doing this for a month and I feel better, I'm healthier, My gym performance is better, I work better, and I have such an improved attitude as well.

I'm Jason Raynor a 16 year old that has made a lot of changes and also spent the last month really diving deep into BP & Real Estate Investment! November is also going to be great because not only do I have more networking options, I also have my first ever REIA meeting! I'm currently in the process of getting my fiancee on board as well. We plan on house hacking right out of high school so our focus right now is building credit and saving, while she pursues her career and I study RE. Feel free to reply to this if you are a female and have any advice for her that I can't give, I'll be sure to forward every reply!

Quote from @Kaitlyn Beard:

My best advice is constantly be looking online. I have found about 5-10 distressed properties that I'd love to get my hands on, but can't for the next couple of months. I see trends in either investors that would flip it, so the house goes under contract in less than 24-48 hours. Or, no one in this town wishes to do the work themselves so it lasts on the market for more than 60 days! I am currently trying to learn more about finding distressed or foreclosed properties that are not listed on the MLS. Let me know what you find out, good luck!

Kaitlyn Beard

I replied to the main post, if you live near a city or in one that has a REIA Group, you can sign up and find a list on their site or you might opt in for their emails to get a step ahead. They post a-lot of properties before they are foreclosed on or listed, sometimes they even list cheap lots if that's something your into!

One way that works in my area is my local REIA Group! They have a list on their web page and they also email out listings of pre-foreclosed & land etc. before they are listed on the market. It's a great way to get one step ahead of any other investors/buyers.

Quote from @Evan Alfaro:

To the entire BP community, hello! 
Evan here coming to you from Los Angeles California! 
total newb to the BP universe, and frankly upset that I barely became a member at the ripe ol age of 34! Better late than never I say! 
I’m just super stoked to have jumped on board and am currently trying to soak up as much as I can in preparation for my first investment!
a little scared, but that’s why I am here!

My ultimate goal is to buy and hold multi family properties, shooting for no less than a 3 plex and no more than a 4 plex to simplify the loan process, and eventually max out the amount of mortgages I can take on. 
this intro is really just to say hello, and to hopefully establish communication with others in my community! I really want to start attending group meetings because I feel there is no substitute for face to face interaction. 
hope everyone is doing well, looking forward to what the future may hold! 
take care y’all! 

Congrats! I'll be sending you a dm.

Depending on how young you are, (I'm 16) you may have to wait to be old enough to buy and sign deals, consider learning as much on your own. 

1. Read Rich Dad, Poor Dad, then shop the wide range of books on BP. I suggest starting with "How to Invest into Real Estate" by Joshua Dorkin & Brandon Turner.

2. Find and attend meetups or REIA meetings in your area. (if none consider a podcast weekly)

3. Find a good steady job and stack cash. 

4.Learn how cash-flow works and begin to build a chart on your finances. 

5. Figure out how to lower your spending rate as much as possible, stack until you are able to buy your first deal (look for deals even if you can't buy, it's good practice.) 

6. If you're a minor, ask your parents or someone (of age) to make you an authorized user on their credit card so you can begin to build credit.

After you start getting your feet wet you'll find your path, everyone's different and there is no right or wrong way so good luck.