All Forum Posts by: Paul Camuto

I'm sorry I should be more clear in my question, If I use the state's court website do I need the SS# of the renter? to be able to do background check?

Hey, everyone.  I'm new to the world of real estate investment and am still in the education phase of my journey.  Definitely been frustrating to realize at the age of 32 that I've been taught all the wrong things about how to make my money work for me.  Anyways, everyday I try to look at the multi-family listings in my area mostly for practice in trying to evaluate properties, but also for the off-chance that I find a good opportunity.  I am at a bit of a fork in the road though and I'm curious on others' thoughts/advice.  Basically, I'm trying to decide between continuing my search for a house-hack close to home here in Columbus (feels impossible right now) or doing a long(ish) distance investment in another area (still in-state) where there are actually duplexes that would cashflow right away.  

I've got a good friend who works as a realtor in an area about an hour away from me.  He let me know about a duplex he's got listed for <$200k (unheard of the Columbus areas I want) that is pretty much turnkey.  On top of that, he's offered to be my property manager while I stay in Columbus.  I'm still figuring out how to analyze deals, but from what I can tell the property would cashflow about $400-$500 right off the bat once both sides are rented out.  The only real downside I can see right now is that I would still be renting my current place, so I still wouldn't be "living for free"... but like I said, a "living for free" house-hack is feeling pretty impossible in Columbus right now.  It would at least pay for about 40% of my current rent.  Honestly, even if I don't pull the trigger on this one, a glance at the market in that area shows MUCH more affordable multi-family investment opportunities... so I will come back to this fork in the road if I don't figure out how to deal with it now.

Has anyone else wrestled with this dilemma? How did you solve it? What pushed you over the edge on one side or the other? 

I'm very much stuck in "analysis paralysis" right now despite warnings from BiggerPockets and Rich Dad books and podcasts…

*Note: Moving to this duplex to house-hack it is unfortunately not possible due to my W-2 job. Otherwise, I would gladly just move to the property and house-hack it as even that would give me some small cashflow.*

Thanks in advance for your collective thoughts!

Hello Everyone,

I apologize up front for a long post and want to say thank you in advance for any information and guidance.

My family and I have recently relocated to the Portland, OR area within the last year. I am interested in getting my foot in the door in the real estate world.

Our long term goal as a family to invest in real estate as a primary source of income. With that being said, I have no previous experience in real estate and currently have a W-2 job in an unrelated field. With a wife and 2 young kids, I am interested in switching lanes and venturing into a career with not just more earning potential, but one that will allow me to learn what it takes to retire on our terms.

I have extensive experience in many customer service oriented jobs as well as experience in sales.

Aside from the obvious, reading as many books and listening to as many podcasts as I can, what can I do to make myself more attractive to someone as an employee so that I can Earn While I Learn?

What type of positions would be the most beneficial to growth as an investor? Property management? Lending? Working for a Real Estate Broker?

I see job postings on Indeed for companies looking for aspiring real estate agents but I am curious, what do these positions usually entail? Is this a reasonable path? I also see that most of them "prefer" for the applicant to already have a real estate license. I am willing to pay to get the license and take requisite classes, but is this necessary right away?

Any thoughts on what an entry-level position would look like and recommendations as far as real estate classes would be greatly appreciated.

Thank You,

Larry

Hello everyone,

I'm a new member of BP, I've always been really interested in real estate investing and decided this year to begin building my portfolio.

I'm really interested in house hacking and renting out multi-family homes, but living in NY I'm not so sure if this is the right area to pursue these investment strategies. I'm not sure if buying a home in the NYC area is a smart bet since 1) everyone lives in apartments and 2) Houses are crazy high and low quality. I always wanted to do a house hack for my first property, but I don't believe it's the right move which is why I'm hesitant.

I'm interested to hear the communities thoughts on the best areas to invest in NYC, or if I should look elsewhere due to the strategies I want to implement. 
 

Hello, My name is Jordan and I live and work in the Southern California area. 

A couple of areas I'd like to focus on would be 

Wholesaling,

Flipping,

Building.

I have some connections for investors and I build/remodel with a GC and he is keen on the idea of us taking on a flip or two for our next project. I would love to find some connections to help make that happen. And I would personally like to learn how to wholesale. I've listened to a ton of the podcasts, but still feel unsure of where to start when it comes to finding and making calls. 

Hi. 

I'm new to real estate investing and trying to learn how to get my feet wet and get into this field.

I feel like from everything I read, I am not quite in the position to be as flexible with securing my first investment property (ie, married with some children, not wanting/interested in moving, etc).

Would like to hear how people did come up with the savings/money down to use to purchase your first investment property. 

Hello all,

I'm new to BP but have been curious about real estate investing for some time. I purchased my primary residence 3 years back in Phoenix AZ and have a good amount in equity. I have am considering an opportunity to invest in property in Denver with a friend. Ideally the home would have a finished basement so he would live in the home and do STR with the basement. I'm willing to refi my primary for money for down payment but I know I need more education on how it would all work as it would not be my primary residence. Any thoughts, feedback and ideas are welcome.

TIA