All Forum Posts by: Nicholas L.

@Caitlyn Frizzelle

I'd go to local meetups and get recommendations directly from investors.

Some conventional lenders like regional banks may also offer <25% down.  It's tough to get less than 20% these days.

I would not start with a "private" lender - a true private lender is someone already in your network like your uncle or your dentist, and so no vetting is required.  If a random person reaches out to you on FB and says they're a "private" lender - do not work with that person.

Hope this helps

@Micaila Frazier

instead of trying to find a mentor, i would:

-go to meetups and network in person

-ask questions here in the forums

@Robert Ok

what are your goals, and how much money do you have?  i don't think there's enough information in your post to answer your question.

flipping is exceptionally difficult.  it requires:

-time

-money

-the ability to find a distressed property, and move quickly to purchase it once it comes available

-the ability to either do the work yourself, or have a GC ready to go once purchased

and probably other things too.  but if you don't have those 4 things then... don't start with a flip.

@Shaina Sarna

meetup.com, Facebook, Instagram, Biggerpockets

@Shaina Sarna

welcome.  are you going to meetups already?  If not, I'd go to meetups and network.  you may need to look a ways away from your immediate area - i would cast a wide net.

good luck

@Andrew Tischbein

hello - i would consult a CPA

good luck

@Adonai Howard

I would not try to look for a coach / mentor - I would just go to meetups and network.

The best way to start is with a house hack.

Good luck

@Mario Gonzalez

just to chime in again and then i'll stop... selling off hundreds of thousands in stock to buy a random OOS rental that you would most likely just lose money on makes zero sense.

good luck

@Nicholas R Facciano

hello.  i would strongly recommend not starting with an OOS BRRRR. that is extremely high risk.

i'd save up until you can house hack locally and start there.

hope this helps.

@Jeremy H.

something to think about though - the birth rates in red states and blue states are pretty similar... 

to try to bring this back to real estate... my understanding from the data is that, for the next 10-15 years, household formation is going to be pretty healthy.  after that, it's all going to come down to immigration levels.  i don't know what they'll be in 2040.  that seems really hard to predict.

the population growth estimates for the US have been revised downward substantially since what they were expected to be 10-15 years ago.