All Forum Posts by: Kyle Vogeler

That's an impressive savings goal at your age - well done! I also look for distressed properties and have a few under contract in Ohio. Message me if you would like to ask questions or discuss strategy. Talk soon!

Keaton,

I had a similar thought process a few years back when I first got into my finance career. Not saying you have to follow the same path, but this is what I did: 

- I maxed out my 401(k) and stock account because I KNEW saving was important... I wanted to get into real estate, but I realized that I didn't know enough yet to be successful.

- I started absorbing as much real estate information as I could. Listening to multiple podcasts a day, reading books, and analyzing properties online.

- I started small and grew. Once I felt confident that I could successfully complete a real estate deal, I started small because I knew I was going to make mistakes and its better to make mistakes on a small scale first. I used my stock account funds to buy my first property. 

- Then I dove fully in. I continued learning and analyzing like crazy and prepared to scale. Once the opportunity to scale came, I jumped on the deal, used my funds that I've saved over the years to fund the properties and have been following a steady growth plan ever since. 

Moral of the story - always prepare before investing. Time spent learning is still progress being made. When you aren't investing in real estate, direct as much money as you can to stocks/IRA's/and 401(k)s - that way when the time comes, you will have money for your next deal!

Continue to post on Bigger Pockets and start going to as many local real estate events as you can! Meeting investors start with you making connections. It make take some time to get your first deal, but it will come for those who are persistent!

 Thank you, this was very helpful!

 This would be a 22 unit building. Do you know if an on site manager is required?

Okay, that makes sense. I have had similar experiences with buildings in other areas. The realtor made it sound like this property was strictly a HAP property, but I will double check with him to see if he meant that all the current tenants happen to be section 8 or if he meant that any current and new tenants must be section 8. 

Hi all, 

I am looking into a property that is designated as a HAP property. The seller has indicated that there are many specifics that need to be followed for this type of property, such as having a property manager with a special certification. 

Does anyone on here have experience with these types of properties? What are some challenges that you faced? What were the upsides? 

Thanks!

Jacob, 

PM me and you can ask any questions you may have. I would be happy to answer them and to make a new connection. 

I look forward to speaking!

I would probably say that I am upset that I didn't buy a quadplex first and utilize the first time home buyer 3-5% down. Starting out, cash is king, and that 15-18% difference between what I paid and what I could've paid could've gotten me another property. 

Hey Richard! PM me so we can chat more - I would enjoy talking to you about real estate and what I've learned so far, and it just so happens that my business partner is an electrical engineer as well.

Look forward to talking, 

Kyle