All Forum Posts by: Marvourneen D.

Thank you for the great suggestion @Wendell De Guzman !

I will start making those connections in the Ann Arbor and Ypsilanti areas this week.

Hi @Alex Burrows !

I'm pretty new to BP as well and whole-heartedly agree that it is chock full of useful info. I also plan to get a small multi-family to start and I love your idea to buy a second one shortly thereafter.

I followed Brandon's advice and set up keyword alerts and they have been extremely useful. I have them go to a separate folder in my email account though, so my inbox doesn't ping every 5 mins :)

Wow @Wendell De Guzman this is an amazingly generous thread! I'd like to add my voice to the chorus of thanks. I've just read the thread from beginning to end and it was so informative.

I'd like to pick the collective BP brain if I might:

I'm in the Ann Arbor, MI area and currently work full time at an environmental nonprofit. I'm itching to get started in investing with small multi-families, but recognize that I need to get a solid team around me first (investor-friendly agent, RE attorney, contractor, etc.) Any tips on making good connections outside of attending local RE club meetings? I'd like to diversify my networking pool.

Thanks in advance folks!

Hi @Kimberly Allen I'm new to real estate investing as well and would love to connect to see if we could be helpful to each other.

@Paul Timmins that's great summary of resources for us newbies. Thank you! I've been working my way through past episodes of the podcast and really enjoying it and learning a lot.

@Brandon Krieg Thank you very much! I definitely plan to connect with the groups that you send me. Much appreciated!

@Bryan Elkus Thank you!

Thanks @Dmitriy Fomichenko !

@Bryan Elkus I've been to one MeetUp of the Ann Arbor Real Estate Investors Club and then my schedule got crazy and I haven't attended another.

Do you know of any other groups?

Hi Chris, I'm new to BP and wanted to chime in if you don't mind.

I think that encouraging your nephew to contribute to his 401k as much as possible will be a great piece of advice. Because he's so young, a few thousand put in there over the next few years and left alone for the next 45 years will leave him with a nice nest egg, no matter what happens as life provides its lessons and hard knocks. Key point: you'll want to have him think of it as money he can't touch not as a loan source.

I agree with Bill that his savings rate should be crazy high right now with you guys subsidizing his life so generously. So he can put money in his 401k AND save for his first property. I'm saving up for my first ever property, a duplex or other small multi, and I'm putting my money into the Life Strategy Income fund from Vanguard:

https://personal.vanguard.com/us/funds/snapshot?FundId=0723&FundIntExt=INT

Minimum is $3K so he may have to save a little first, but so far it's treated me well. It's mostly bonds with about 20% stocks to give it a little boost.

Thanks @Brandon Turner

@Brandon Turner

I've actually done all the things you suggested! Off to a great start that you and Josh have made possible.

@Brandon Turner

@Brandon Turner