All Forum Posts by: Randy Hucker

Hello, my name is Randy and I hope that everyone is doing well with Covid-19. I am brand new to the real estate game and looking to dive in. I am young (18) and hoping that I will be able to use it to my advantage. I have been reading around this site as well as several blogs written by one of the other contributors here. I've read Rich Dad Poor Dad and a mentor/investor suggested Nothing Down for the 2000's.

I'm in a really weird scenario. Being this young I work full time and have a very small but "abled-to-be-saved" income. I don't have a ton of money. I do have decent credit. However, to my advantage, I have no credit card debt, student loans, or car loans. 

Thank you mom and dad <3!

I'm trying to learn as much as possible but I also want to get going as soon as possible, I have a gut feeling that college isn't the way for me so I'm scrambling to work! I think analysis paralysis is what I want to avoid because I know myself.

I'm open to any suggestions, tips, or recommendations.

Again, stay safe everyone!

Originally posted by @Scott Starrett:

To me, the main “path of progress” opportunities in Cincinnati are from Mt Adams up to Kenwood (along Montgomery Road) —

• Walnut Hills
• East Walnut Hills
• Evanston
• Norwood
• Pleasant Ridge
• Silverton
• Deer Park

Also improving neighborhoods due to city planning advantages/incentives:

• Madisonville due to its adjacency to Hyde Park/Oakley, Indian Hill & Mariemont
• OTR & West End

That's where I've been looking up to this point. I have a few selected to potentially invest in, but I'm worried about pulling the trigger prematurely and then underestimating my repair costs and completely bottoming out. I'll continue looking!

Originally posted by @Zachary Johnson:

The answer to your questions are different for everybody. Investors have different preferences and are at different points in their life. I prefer cash flow heavy singles and 1-4 units in C neighborhoods. If I was in my 40's or 50's I'm sure my strategy would be much different. I wouldn't want all of the headaches so maybe I transition to a better neighborhoods and do 15 year notes instead of 30 and focus more on principle pay down. I would highly recommend finding a realtor in your area who works with investment properties and can answer specific questions. Make sure they work with investors! Realtors who sell "dream homes" typically don't know anything about investment properties. Hope this helps and good luck! 

Yeah, that has been my consensus. I've been looking for multifamilies near me by myself for a while now, maybe its time to turn to a realtor that can show me better properties!

Originally posted by @Andrew Syrios:

The answer really depends on what you're looking for. I would recommend starting with How to Invest in Real Estate by Josh and Brandon. You can find it here: https://www.biggerpockets.com/store/how-to-invest-in-real-estate-ultimate

Thank you! I'll be sure to check it out!

I have an interest in buying my first property in Cincinnati and I am wondering what to look for in my first property to buy and hold. I have a few houses picked-out, but I'm sure that they aren't the best deals ever. Should I try to find a duplex under 150k and go through the bank or should I go through a private lender? 

Additionally, how do you find the right neighborhood? Go buy the worst house in the best neighborhood?

Thanks all!

Hi all! 

I'm currently a senior in high school and have wanted to be a real estate investor since I got my first encounter with the industry during my freshman year of high school. Obviously, I am a bit oblivious to the entire industry and am just asking for advice or resources that I can use to start. Any advice or tips are appreciated! Thank you and stay safe!