All Forum Posts by: Justin Wotton

Hi All,

I am meeting with a realtor today to discuss finding my first rental property. Are there any specific questions I should ask or anything you've found it is best to discuss in these early stages?

Thanks,

Justin

Thanks everyone for your input, it was very helpful. I'm wondering now if I do get licensed would I be able to just represent myself in my deals and not be a full time agent for other people, or would I still have to partner with a broker or become a broker myself? Also, does it even make sense to just represent myself when considering the yearly costs and fees related to having a real estate license?

Hi All,

I have a 2 part question: I want to get into real estate investing, specifically buy-and-hold rental properties and I'm considering taking real estate license classes to do so. I was originally going to just get myself an agent but now I'm wondering if it would be beneficial for me to learn how to be an agent and get licensed? So, my biggest question is would this be worth doing as an investor?

The second part is that I've been looking into this a bit and have found online classes I can take that are based in Massachusetts. Does anyone know if I can take these courses and get licensed in Massachusetts even though I am a Connecticut resident? (CT doesn't offer online licensing classes and the MA course requires 20 less hours) I believe CT offers license reciprocity so I think as long as I pass the MA exam and get licensed I can apply for the license in CT without having to take more classes as well as the CT exam. I'm just not sure if I can take the MA classes to begin with.

Thank you,

Justin

Hi All,

I'm still trying to learn what I can about Real Estate and was looking into doing a house hack. I know this is the way I would like to go but given my current situation I may not be able to move. So, I'm basically wondering what's the difference in terms of cost between house hacking and just buying and renting a multi-family. I think it would disqualify me from getting an FHA loan but I wasn't sure what some of the other drawbacks were? Would it be worth waiting until I'm able to move and house hack?

Thanks,

Justin

@Tarren Pettigrew @Steve Bracero Thanks for the info guys, I will definitely keep your suggestions in mind

@Katie Stewart Thanks Katie! The only one I know of is SmartMove for tenant screening so if you have any recommendations that would be great

Hi all, thanks for the welcoming and advice! 

@Ryan Luby Yes, I read Mr. Money Mustache. That's actually the first blog I found regarding FI and led me to find many other interesting blogs about FI and how to achieve it. It's what made me think about going down this path. He also made me realize the money issue that you mentioned. I've always been good about trying to save money but I would also spend it on things that I probably didn't need so I am trying to be better about not spending money and finding ways to save. Also, I think I'm definitely going the route of a multi-family house hack. I was trying to figure out if that was the way to go or if I should try a live-and-flip but I think I've decided that would be the better option.

@Tarren Pettigrew Good point, I may start looking for someone that could help me out. Any tips on how to go about doing this other than looking on BP? 

@Steve Bracero Any advice based on your house hacking experience?

Hi Francisco, personally I have not. I'm more in the learning all I can stage right now but I wouldn't rule it out if the opportunity presents itself.

Hi all! My name is Justin and I'm from Connecticut. I am currently working as an engineer but have recently been introduced to the idea of financial independence. I always hated the idea of having to work until typical retirement age but after learning that early retirement is possible I started reading and listening to podcasts about how this has been achieved. This is how I found Bigger Pockets. I never thought of getting into real estate but after reading through many BP blog posts and listening to their podcasts, I have become very interested very fast. As a young investor, I think my best bet is to start with a multifamily house hack. So far, I have been learning as much as possible and even started to research properties in my area so I hope to be able to start by the end of the year. I look forward to being a part of the BP community and welcome any help/advice anyone has to offer!

Hi Francisco, I'm in the same boat as you are. I listened to a podcast interview once where they talked about getting started in real estate by basically finding deals for the seasoned investor. They would do the research to find good deals in the area and present it to the investor. This allowed them to network with investors and begin learning. Maybe that could be an option?