All Forum Posts by: Jesse Meyer

Howdy! I posted a couple months ago and that was more a cry for help as I tried to get more information on being an investor but I figured an introduction was in place. My name is Jesse Meyer and I am 20 years old in Mankato Minnesota. I’m looking to start my investing gig with house hacking, maybe something closer to where I work, but have been having immense trouble finding a good multi family. The reason I say new-ish is because I haven’t made the jump on my first property yet but I’ve already put boots on the ground and done a ton of research into which strategy works for me. I sort of fell in love with real estate be listening to the BP podcast and have been using my 1 hour commute to learn as much as I can. Nice to meet you BP nation!

3 Votes

Originally posted by @Dillon Dale:

@Jesse Meyer hey Jesse, I am a local realtor in the area and have been investing in rental property myself for a few years. Would love to connect and help answer any questions you may have!

That would be amazing!

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Originally posted by @Scott Passman:

@Jesse Meyer Congrats on getting the "bug". Honestly, the next step you should take is to sit down and spend some time thinking and clarifying what exactly you want to get from REI and out of life. Do you want additional income streams, build enough monthly cash flow to retire early, utilize real estate to build wealth over the long haul, reduce your monthly living expenses, build a new career out of it etc? There are so many different avenues and ways to get involved that you need to have some clarity on what you are working towards.

After that, I think the 2 best places to start are to begin networking with other investors via local real estate meet ups or reaching out to people in your area on BP and possibly looking to house hack a first investment. If I could go back in time, I would have house hacked with a 2-4 unit building every year for the first couple years to both save on my living expenses and speed up the acquisition process for building a nice portfolio. House hacking is such a powerful tool and doing it when you are young and single is a great way to learn how to manage a property, analyze deals, interact with others, build relationships, and it tends to be very forgiving with mistakes because of the money you can save each month on living expenses.

Thanks for the advice!

I was looking into house hacking but I still don't know if I'd be jumping the gun

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@Daniel Anshus I live in Mankato

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I am 20 years old and live in Minnesota, I recently got a new job that requires an hour commute so I decided to turn to podcasts instead of listening to the same songs over and over. When I stumbled upon the Bigger Pockets podcast I ended up listening to 3 episodes in 1.5x speed and couldn't get the thought out of my head for the entire shift. Fast forward a week or so and I've read articles and listened to podcasts and done research on investing but I cant seem to wrap my head around what my next steps should be.

I have the beginnings of a plan of attack but the part I'm not understanding is my next step to take. I understand the risk and I'm having trouble making the leap into it.

2 Votes

All Forum Posts by: Jesse Meyer

Jesse Meyer has started 2 posts and replied 5 times.

Post: New-ish in Mankato Mn

Post: I'm Unsure of my Next Steps

Post: I'm Unsure of my Next Steps

Post: I'm Unsure of my Next Steps

Post: I'm Unsure of my Next Steps