All Forum Posts by: Matt McCurdy

Hello all!!

My name is Madi and I am 23 years old! I am in the very early stages of getting into real estate investing. I currently work in the property management field under an agency based out of Coralville, Iowa. I am going on year 2 and I absolutely love what I do, but I don't think I will ever be someone who enjoys a structured 9-5 office job. I am hoping to get into real estate investing to give my life schedule more freedom. To allow myself to create a form of income that doesn't restrict you on your work-life balance.
I joined this platform to learn, grow, and gain knowledge. I am excited to use all the knowledge that I will gain to not only prepare myself to dive into real estate investing, but to also have a successful go at it to achieve all my life dreams and goals!

Welcome to bigger pockets, the largest market place to sell bridges.

I hope some BP readers realize that a huge part of frequent posters on this forum are not genuine deal makers, but phonies with no track record only in the business to sell mentorship programs, seminars, books and bad investments to gullible newbies.

Do you really think real successful deal makers waste their time posting thousands of times on a forum essentially catering to first time investors?

Do you think successful RE entrepreneurs need to chase small time investors money, mentor newbies and write books about their winning strategies in an already over competitive / saturated market?

Real estate is plain simple and there is absolutely nothing you can’t learn reading

Good luck

 Hey Chris, the best advice I can give is DO IT.  When you find a book or a course, Do the Work of THAT person's teachings.  Experience is your best teacher.  Start where you feel comfortable.  If you have capital to invest or your don't, your starting point will be different than others.  Find a local meetup in your area and meet some investors in the group.  Buy them lunch or coffee and pick their brains.  Ask how they got started.  Ask what they focus on and why?  Figure out what really gets you going and then get after it. 

You won't know everything when you start, and you'll quickly find out your deficiencies.  Start filling in the gaps.  You also won't know what questions to ask until you're faced with a situation.  

Podcasts, books, Bigger Pockets, Meetups, other investors.  These are all good places to start.

Hi BiggerPockets fam,

I'm Jimmy Kang and I'm just getting started out as a real estate investor. A bit about me. I read Short Term Rentals Long Term Wealth a year ago and it sparked my interest in real estate. As I started learning more about other strategies BRRRR really started to stand out as it seems to force you to learn the whole real estate stack and allows you to stretch your capital and grow quicker if done correctly. I'm currently reading through David Greene's BRRRR book and am committed to this strategy as my starting point in real estate. My reasoning here is that although BRRRRs are riskier and harder than turnkey STRs or LTRs that the pros of being able to stretch my capital into multiple properties is worth going through those learnings and getting those bruises up front. I think its the game worth learning. I want to mitigate the risk by using cash and starting in a market with sub $200k median home prices so that I can get a few reps in and build my competence and confidence. I am also looking for a mentor as I take my first steps. That brings me to my ask.

I'm looking for in a mentor who

- Has experience in BRRRRs

- Willing to hop on calls a few times a month 

- Willing to answer rookie questions 

Where I am right now

- Educating myself in BRRRRs through books, forums, BP videos

- Practicing analyzing deals 

- Picking a BRRRR market

- I have enough cash saved to buy in a sub 200k market

Thanks for the help. Very excited to be on this journey with you all and looking forward to the day when I can pay the help forward. 

Best,

Jimmy  

Hello Everyone!

We are looking to purchase are first rental property to generate extra income. We eventually want to keep purchasing more and hold multiple properties. I am willing to study and learn all I can about the industry. Can anyone point us in the direction of learning materials for beginners? We live in Virginia and multi families are not abundant here, and when we do come across one they are either too expensive and the rent would just be paying the mortgage. We are looking to be OOS investors. What states are good that are not super expensive were the property will appreciate but will also be able to bring in a monthly income? We are looking to take money out of our current home to help fund this first purchase.

Thank you all in advance!