All Forum Posts by: Nicolas Martin

Hi BP,

I have quite a bit of equity sitting in a rental property I own. Gathering different opinions here. What would YOU personally do with about $130k cash to invest in real estate. Just want to hear everybody's thoughts.

How is everyone doing?

When you are just starting out with purchasing properties to turn into rentals. Where should I start? What are the basic steps? Is there a beginners guide I can reference? What is the ideal credit score lenders are looking for? What education should i gain before purchasing my first rental property?

Hey everyone, many of you send mailers, texts and all sorts of campaigns to try and find deals. I'm attempting many of these strategies as well. I'm a newby so I haven't had much luck yet, but that's ok I'll keep grinding.  I own one rental currently and am looking for more. I get calls, texts, cards and letters constantly on this rental. Lately, I've started thinking maybe these people are wholesalers or investors that could have properties to sell. So I've started texting them back saying that "I'm not currently interest in selling but am trying to build my portfolio. If you have a buyers list, I'd love to be included." A handful of people have responded and asked what my parameters are, etc, which I thought was pretty exciting. Of course, after that brief interaction, I'm pretty sure I just become lost in a sea of other text messages.

My question is do any of you see a way to utilize a strategy like this?  I've had a pretty good percentage of people respond which is nice but that's all. Any ideas for what I could/should do next to capitalize on all these messages from potential owners with properties to sell?

I'm looking to start with Multi-Family (duplex/triplex).  I have my own home so this will have be as an investor with 20% down. 

I know there are things I need to do to analyze if the deal is a good one, like rental rates, Status of the house/infrastructure, amenities in the area but what else should I be thinking of? Tools that I see to analyze deals: Zillow, rent websites, craigslist what other tools do you recommend? 

My goal is to learn how to FIND the best deals particularly distressed apartment buildings that need repairs. 

What sources and websites do you guys use?

Where can I find the best deals?

What are your systems when finding deals step by step?

What are the most important factors that make a good deal? 

How can I become the best at FINDING the BEST deals?

I have a primary residences that is in a great area that I’m looking to rent out within the next year or two. My question is, if I want to remodel aspects of it to increases its valuation does it make sense to wait until I rent it out a year to someone or do it before hand ? 

I plan on having kitchen remodeled, new flooring out in, and a wall removed. I’ve gotten estimates and it is 45-53k. From my basic understanding it would make sense to change it to a rental and then do the remodel so I can claim depreciation on my cost, is this correct or not? 

New investor here. What's the best way to save and organize digital receipts and to snapshot paper receipts?  is there a good phone app? or software to use?   TIA

Hey all,

I am a 24-year-old who just started in sales after graduating from college and have had a lot of success early on in my new career. However, I know that I do not want all my income to be reliant on my day job and live to watch my retirement account grow.

I am probably doing better than a lot of people my age but am eager to take the correct steps to build a real estate portfolio. I was a foster child who put myself through college on my own, and I have relied on some good friends for a place to stay as I grew up, which has motivated me to create a better life for myself.

I have done a lot of research on real estate, and from my perspective, it seems as if wholesaling, which I feel my sales skills may help with, would be a good place to start to make some extra money to speed up the investing process. From there, I would like to explore house hacking/the BRRR strategy, but I know there are rules, regulations, and connections I will need to make all this happen.

If anyone is willing to have a conversation or thinks they could use my help in bettering their real estate business in return for some advice, I would love to at the very least create some new relationships.

Hello everyone,

I’m a 18 year old electrical apprentice and I’m looking to do a full dive into real estate investing.

I am in the union and earning base wage, parking, vacation pay, pension and full benefits are covered.

I am saving about 400/w in a high interest savings account right now which is 60% of my pay, I am going to get guaranteed $5/h raises every year for the next 5 years. I will be increasing my savings amount to reflect as well. I will be making $55-$60/h by the time I’m certified at 21/22.

I am also looking into side hustles to increase my income such as flipping cars, reselling etc.

As of right now I have around 8k saved, and 5k invested in stocks.

Obviously I cannot buy a property with just a few grand right now, but basically I just want to ask for any advice or tips you would give to me or your younger self when you started.

I usually listen to audio books on personal finance and business while working instead of music to further my knowledge.

Any sort of advice is welcome, books, podcasts, methods to learn about. I want to make the most of this time while I’m saving to keep learning and maximize my returns when I’m able to enter the market.