All Forum Posts by: Nickolaus Banks

Awesome post! Thanks for the encouragement. This past year, my son was born and I bought my first two SFR all while working 60-70 hours a week at my full time job. The graph explains the rollercoaster well. My wife and I just keep telling ourselves "keep knocking down dominoes". Thanks for the post.

Hi BP,

Just want to say thank you to the BP community for all the knowledge and confidence that you have provided. 

I started researching REI the first of this year and stumbled across BP. My wife and I decided that we wanted to commit to this long term journey in REI.

Our first year goal was to own one rental unit that met all our criteria. We spent the first quarter of the year setting goals and education in REI. We spent the second quarter assembling a team and defining our criteria. We spent the 3rd quarter evaluating the market and houses.

A month ago, we found an REO that met all our criteria and finally closed on this property today. We are moving into the new purchase and have a renter lined up to move into our current residence. In one year, we plan on repeating this process.

Our goal for the last quarter of this year is to tackle students loans and become debt free (excluding home mortgages). Meanwhile, we plan on putting systems in place that will help us accomplish our 5 and 10 year goals. 

Although its just one property, I'm excited we were able to get this first property under our belt. I wanted to share this beacause we probably wouldn't have taken the leap if it wasn't for BP. 

Thank you and hopefully we will have many more success stories in the future.

Thanks for the advice and contact. I appreciate it

Hi,

I just bought my first Single Family rental and plan on buying more in the future. Can anyone refer an Attorney in this area that specializes in real estate. 

I am looking for an Attorney that will evaluate contracts, partnerships, and provide legal advise and guidance as I am beginning my journey in real estate investing. Any recommendations would be appreciated.

Thanks

Thanks for the replies, I am currenlty looking for rentals.

Hello Everyone,

I started researching REI about 6 months ago and stumbled upon biggerpockets shortly after. I have been listening to the podcast's and reading the blogs ever since. I am so thankful for the honesty and willingness of everyone on BP, to share there knowledge and experience in REI.

Over the last several years , my wife and I have been have been  living frugally and saving every penny to pay off over 12 years of combined student loans. We are close to reaching that goal and now our next goal is to start investing in buy and hold real estate. I am currently looking for my first deal in  Broken Arrow and Coweta, Oklahoma. It would be great to meet other investors in my area, so if you would like to meet up sometime give me a shout on BP.

Thanks,

Nick Banks