All Forum Posts by: Ryan Craig

Welcome to BP. A lot of great resources can be found in the forums. Make sure you check out the Podcasts as well. Let me know if I can be of any assistance.

Go to school. I am 29, have my Bach now decided to get my MBA. You can (usually) make more money with a degree. Just pick a degree program that interests you and will help with a good W2 job so you can put that money towards REI. I work in sales and recruiting which has helped me fine tune my people skills which definitely helps with being a LL.

Welcome to BP! You will find a ton of good information on here. Having an experienced and handy partner will definitely give you a good place to start.

@Greg Ortlieb Hi and welcome to BP. I live near your area and have just begun looking into Pottstown, Phoenixville and Norristown. Previously I bought out by Honey Brook but there isn't much out that way.

@Gon Eisenberg A 12 month lease is more common than a month to month lease in my area. Like Sarah said, it provides you with a reasonable amount of security having a set amount of months on the books. I never do a month to month and probably wouldn't consider it unless it was for a perfect tenant who only needed to extend for a short period. Check with your state and attend some REI groups near you to see what other landlords in your area are doing.

Hello Brad,

I am in Chester County so not too far away. Would definitely be interested in more conversation and potential meet ups with REI groups. Always looking for opportunities in Chester, Montgomery and Berks County.

@Zach Schmid Welcome to BP. There is a plethora of information and knowledge at your fingertips now.

What @Peter Sanchez said, "Write it down.  DON'T bid above what you wrote--no matter what!" is the best advice for an auction setting. Look at it like gambling, people get caught up in the moment and only meant to spend x amount, the excitement causes them to spend more. Don't be that guy. Money is made at purchase.

Justin,

Like Bill said, if you are willing to live in it for a year then rent it out is a good idea. If you want an immediate rental I would look for a property where you can afford he % down and do an FHA or partner on your first property to split the cost.