All Forum Posts by: Ricardo Cristobal

I am curious how everyone who is a real estate investor got started in it. What is or was the job you had to get you started, or did you start another way? I am currently looking to be a brick mason, as the pay is good and I can be home everyday, which is big to me. Then once I complete an apprenticeship and make better pay, I can start funding buying rental properties. 

Is a brick mason my best bet? I have looked at other apprenticeship jobs, as college is too much. And I don't like being on computers that long, i like being on my feet, and want good hours (40 hours a week) so I can be with family. 

I looked at evelevator installing, but the jobs isn't near me and only so many people get in. 

Any help is appreciated, thanks!

@Ricardo Cristobal

For most of us this isn't a 'get rich quick' scheme.  Real estate builds big wealth over time, and is often slow.  I did a property a year for 4 years when I was getting started and felt like a tortoise compared to others in this community.  But 6 years later, I have 80 units.  Growing too quickly can cause you to make mistakes too.  Don't get discouraged.  You're living for free!  Awesome start!  PM me if I can help in any way.  

Hello, BP!  My name is Michael Davis and I am what I consider an almost real estate investor. I am currently living in the South east Missouri/ South west Illinois area.  I say almost because I bought my first single family home in April of 2017 in(Cape Girardeau, MO 63701) to live in and turn into a rental property. During the business hours of the week I manage a branch of a consumer finance company where I was recently promoted and will be moving to Marion IL 629922. I spend most of my other free time trying to achieve my 2017 goal of the year which is to own a positive cash flow rental property. This is the first step in achieving my longer term goal of creating a buy and hold real estate portfolio that will cover all of my expenses. I first found bigger pockets by listing to the BP podcast! I feel like this really sparked my interest in RE investing. I joined bigger pockets shortly after after and have been reading,listing,watching, and learning as much as I can about RE investing. I want to thank BP and everyone involved for what they do. I am currently looking for other people to talk to about RE investing so all comments are welcome. I look forward to speaking with everyone in the BP community! 

How's everyone doing? I am new to investing. I'm 24 years of age and am looking to break into the industry. My question to any and all is what is my best option for breaking into the industry? I do still live at home. I am currently looking into "House Hacking" but I do not know where to start. I eventually would like to learn flipping and wholesaling houses. Unfortunately, I have no money to start out so i'm just trying to find a way to break into the business. Any answers are much appreciated!

Had a potential tenant who contacted me and stated her husband doesn't have a SSN. On my application I have applicants must have a SSN but never really thought why someone wouldn't have a SSN. Why wouldn't someone have a SSN?

I'm looking for anyone that maybe able to help me build a lease or give pointers for how to get a lease for someone house hacking. Thanks in advanced.

Denver, CO-Colorado Springs, CO tagged

Funny story here. So I got those tenants. Small family squeezed into a one bedroom apartment. they pay on time, always. after I moved out of the first apartment I allowed them access to the driveway and the washer in the basement (extra $40). It's six months later and... the space next to the garage which was EMPTY when I moved out is now full and looks like the county dump. they were allowed to park on the driveway NOT make it into a storage. plus what is there, is what otbers in town threw out. The tenant goes around and picks this stuff up (mostly used toys). The basement is no better. they got access to the washer, and now the wall in the basement is lined with their stuff.

I gotta say they pay on time, are quiet, have kids and there is no storage in the apartment. they knew about the lack of storage when they rented the apartment. Plus I gotta say that the vibe I get from them is that they're entitled to "everything" because they pay rent.

So have you ever delt with people like that? I'm gonna tell them to clean all this up. if they don't, it will be thrown out. I plan to give them a week. They act like they own the place. I have to say it is quite amusing yet annoying at the same time.

I'm renting out a 3 bedroom house with two other individuals. Rent is reasonable with all utilities included. My landlord lives next door in a separate house. He comes over whenever he wants unexpected, has a bunch of his belongings in the rental houses garage and in the attic, has told us we can't have anything in the garage or attic because it isn't fair to anyone else. Today, I get home and he texts me that I can't keep my fans on in my room unless I want to pay for the electric bill but all utilities are included. Is this legal? I feel an invasion of my privacy. He also has two other studio like buildings in the backyard that aren't on structured ground which I know is illegal. The 3 of us that live in the house, if we don't mow the lawn when he wants, or if we don't clean the house when he wants he charges us with a $50 fee. Is that legal? He's literally in control of the whole house and if we say anything he says he doesn't care because he's the owner of the house, although he's renting it to us? Please, any insight would be greatly appreciated. Thank you

Trevor Schmidt 

@Ricardo Cristobal Thank you for the answer. What is still unclear to me is  what happens if I change my ins policy to dwelling fire with the same ins company, will they notify the bank? Or am I responsible for notifying the bank about any change in my ins policy?