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All Forum Posts by: Princeton Mayberry

Princeton Mayberry has started 1 posts and replied 3 times.

General Real Estate Investing

Post: My first investment property

Princeton MayberryPosted
  • Posts 3
  • Votes 0
Originally posted by @Joe Villeneuve:

You don't just dive in.  You have to understand how to analyze Markets (not properties) to find the micro-markets where you will invest in.

OPM is the only way to go.

Ok

0 Votes
General Real Estate Investing

Post: My first investment property

Princeton MayberryPosted
  • Posts 3
  • Votes 0
Originally posted by @Joe Villeneuve:

First, forget the idea of waiting until the "next RE cycle".  Even if you could predict when, and even if you when you were in it, you are missing deals that you could be making...waiting for something that is hard to define until years after it has happened.

Here's my tagline at the bottom of all my emails:  

"The things that come to those who wait, are the things that are left behind, by those that get there first".

 nice quote, so instead of waiting do you suggest just diving in? also how do you feel about using other people’s money to finance deals?

0 Votes
General Real Estate Investing

Post: My first investment property

Princeton MayberryPosted
  • Posts 3
  • Votes 0

Greetings!

I am interested in purchasing my first investment property. I have written a detailed business plan on how I plan to start and run my investment  business, eventually bringing in limited partners.

I am located in California and hope to purchase my first rental at the shift of the next real estate cycle. I would like to get any feedback or advice from real estate investors (especially in California) about the buying process, what to expect, typical costs etc.  And also any advice you think someone new and hungry to real estate should know.

I look forward to sharing my ideas and plan. 

0 Votes