All Forum Posts by: Kim Stofan

@Bryan Jacob Heilman, you weren't the only one who went to that meeting, I just read another post of someone from Lodi who also attended that same meeting and was disappointed.  I'd stick to meetups that you find here on BP.  There's one in Roseville once a month run by @David Oldenburg and I know there are a couple in Sacramento too.  Did you read Brandon Turner's book: Investing with low and no money down?  

Hi @Scott Vogeli! That's awesome that you will be househacking! I think it the single best way to get started. I wish I knew about it before we bought our first primary residence. I'd recommend using those calculators every single day. Narrow down the neighborhoods you would be interested in buying in. By the time you are ready to buy you will be really fast at analyzing the deals and then you can jump when you find the right one. If you are going to be managing the property yourself start reading books on being a landlord. Brandon and Heather Turner have an excellent book on the subject. Start educating yourself on the landlord/tenant laws of the state. Network with other investors in the area and attend meetups. Read lots of books and listen to lots of podcasts. Hopefully you'll be able to get an FHA loan for the four-plex and then you won't need to put too much down. Good luck! I'm excited for you!

That's tough.  I was in the same situation with my husband when I first started out.  He was not too keen on my extreme budgeting and ambitious goals.  He has come around but it took a couple years.  Funny enough, it was after he read the book "Meet the Frugalwoods."  He can see the vision now (financial independence by the time we are in our mid 40s).  You may want to try this exercise:  Ask her to write down the top 5 things that make her most happy during the week.  I'd guess that quality time with the family will be high on the list.  You can explain that your actions and goals will enable your family to have more quality time with one another.  Hopefully most of the items on the list will not require spending money at all!  The goal being able to find things to do together that are free but still are very fulfilling.  If she likes podcasts, I'd recommend the chooseFI podcast.  

@Ahmed Sublaban, Oh no!!  That sounds like a nightmare!  Glad you recognized it for what it was and got out of there.   BP is definitely where it's at for education.  And it's free!!  Watch Brandon's webinars on Wednesdays.  Listen to the podcast as you drive around.  Find BP meetups and attend those.  Run the calculators every day so you can get used to looking at the numbers.  Read the Ultimate Beginner's Guide.  I think you are on the right track with the house hacking idea.  That is a fantastic way to get started.  Good luck!

HI @Jordan Pothier, Not sure what part of the country you are in but that 10-20K might be used as a down payment for a property that you could house hack. That's one of the best ways to get started with investing. Also, putting some serious thought into what your goals are in REI. Once you figure out what your goals are you can figure out what the most important next step will be. If you haven't already, I suggest you attend a local meet-up in your area to start meeting other local investors. Building that network is critical to your future success. Good luck!

Hi @Steven Rosado Glad you found BP! There's an unlimited wealth of knowledge to be found in these pages to help kickstart your journey!

A few words of advice for you...

If you haven't already, make it a priority to get out a local Real Estate Investors meet-up. Interacting face to face will help tremendously with forming those critical relationships to aid your progress. Experienced investors will want to help you if you show initiative, drive, and genuine interest. Focus on how you might be able to help them in their business!

Avoid the "shiny object syndrome" by narrowing down your niche as soon as possible. Be very specific about what you are looking for.

Use the BP calculators every day to run the numbers on prospective deals. With lots of practice you will be able to identify a good deal quickly and jump on it when the opportunity presents itself.

Good Luck!

Hi @Gabriel Coach Glad you found BP! There's an unlimited wealth of knowledge to be found in these pages to help kickstart your journey!

A few words of advice for you...

If you haven't already, make it a priority to get out a local Real Estate Investors meet-up. Interacting face to face will help tremendously with forming those critical relationships to aid your progress. Experienced investors will want to help you if you show initiative, drive, and genuine interest. Focus on how you might be able to help them in their business!

Avoid the "shiny object syndrome" by narrowing down your niche as soon as possible. Be very specific about what you are looking for.

Use the BP calculators every day to run the numbers on prospective deals. With lots of practice you will be able to identify a good deal quickly and jump on it when the opportunity presents itself.

Good Luck!

Hi @Mark Petitmermet  Glad you found BP!  I'm also an RN out here in CA!

A few words of advice for you...

If you haven't already, make it a priority to get out a local Real Estate Investors meet-up. Interacting face to face will help tremendously with forming those critical relationships to aid your progress. Experienced investors will want to help you if you show initiative, drive, and genuine interest. Focus on how you might be able to help them in their business!

Avoid the "shiny object syndrome" by narrowing down your niche as soon as possible. Be very specific about what you are looking for.

Use the BP calculators every day to run the numbers on prospective deals. With lots of practice you will be able to identify a good deal quickly and jump on it when the opportunity presents itself.

Good Luck!

Oh!  And reading Finding and Funding Great Deals by Anson Young will be very helpful, too!

Hey @Anthony Thomas  Welcome to BP and to Sacramento!  There are many good BP podcasts on the topic of wholesaling.  Check out episode 18, 31, 42, 69, and 71 to just name a few.  Remember that it is a job and requires a lot of time to get things up and running.  I'd start by focusing on a very small area and branch out from there.  Also, don't give up after the first mailing or campaign, consistency is key.  Good luck!