All Forum Posts by: Matthew Netwon Marquess

@Scott Morongell  Thanks for the advise!

@Christine Kankowski Thanks Christine! I'm in the process of deciding the market I want to start with and then I will find the property. I'm just doing a lot of research and analyzing at the moment. I do have a hard goal of having a property in 2018. I'm probably going to start out of state with the lower entry cost. I also see it as a good learning opportunity. If you can do REI outside of state, you can do it anywhere.

@Vlad Denisov Thanks Max.  Best of luck going on your RE journey!

@Bradley Kirschbaum Thanks for the advice!

@Kevin Barnard Congrats on your endeavor! 

@Christina J. Thanks for the message. What you said makes a lot of sense. 

I have a good friend who is a real estate agent in San Jose who I speak to a lot. I do need to learn more about the financing options so I know what is available to me. 

I’m pretty sure I’m gonnna keep identifying potential markets and then begin reaching out to real estate agents in those markets to learn more about potential opportunities. However I am new to this so that may change, we will see. I know I want to have a place by 2018 though!

Matt 

@Kevin Barnard thanks for the message Kevin. How long have you had the duplex and how did you find it and acquire it? Have the numbers been as accurate as you predicted or was there some unforeseen factors? Thanks for the feedback!

Hi BP People,

I'm a Californian with a background in finance(stocks) who just recently caught the REI bug. I was analyzing my positions a few weeks ago when I realized I should probably start investing in real estate. Since then I have become fascinated in Long Distance Real Estate Investing but I'm still trying to figure out what areas(location) and business(SFH, Multi, Apartment) to focus on.

I have been educating myself with books, podcasts and research over the last month and attended my first meetup a few days ago - which was very informative and beneficial.  I would like to build assets to create a solid passive income stream that can replace my 9-5 income.  I have a goal to own at least one property by the end of 2018.

In the past month I have listened to over 20 BP podcasts and have read or are reading the following books:

Richest Man in Babylon

Long-Distance Real Estate Investing

Rich Dad Poor Dad

The Book on Rental Property Investing

I have been recommended to keep learning and to get busy networking!

Any other advice out there for someone starting up???

Thanks for your time and consideration!

Matt