All Forum Posts by: Ryan Koehler

@David Rundle Thank you so much for the detailed plan. I'm a big reader but definitely need to get myself out in the marketplace at meetings to expand my horizons in this regard. 

This is probably a stupid question, but what does building a relationship with a bank entail? I've heard that phrase used often on BP and I never truly understand how to make that happen. Thank you in advance sir. 

@Alexander A. What is the best way to determine if I qualify for financing?

Thank you everyone for the kind words and the incredible advice you have given me. 

@Ryan Billingsley I really like the idea of holding some of my money back as a sort of emergency fund/backup for when I need it. So far, I've been trying to avoid using the MLS. I've been looking at properties through sheriff sales, pre-forclosures through the local county, craigslist, and for-sale-by-owner listings. Not a ton of success to date.

@Karen Margrave One of my greatest issues is that I don't know exactly where I want to invest. I am familiar with all three of my potential markets, but can't decide which one would be best for me at this point in my life. I know I want to either invest in 1 of the following 3...

1. Where I go to school

2. Where I live now

3. Where I want to live

Thanks for the reply @Ryan Billingsley! I've actually been on BP for going on 2 years but have been a lurker rather than an active poster. Up to this point, I feel decently comfortable with the basics of REI, am a big podcast listener and have in fact read The Millionaire Investor....one of my favorites to this point for sure.

I would be more interested in passive income but have had trouble pulling the trigger on any initial deals. Making mortgage payments (with little income) without having a tenant would be a huge struggle for me. Is there any advice you could give me going forward? Thanks again Ryan.

A little background: I'm a 21-year-old rising senior at Clemson University with about 20k to invest. I have my Pennsylvania Realtors License. Besides taking some real estate classes, my only experience in the field involves two real-estate internships and some personal tax lien investing background. 

If you were standing in my shoes today, what would you do in this situation? What REI strategy? Or, where would you go from here?

Thank you in advance and I really look forward to hearing everyone's thoughts.

 Mark - For Pennsylvania, I've found that Real Estate Express is a great option for taking the required classes, tests, etc. The course is extremely well organized and clear as to your progress in getting your license. Hope this helps. 

https://www.realestateexpress.com/

Ned,

For your tax lien business, are you using your own cash or cash from investors for your bids? Thank you in advance. I've been a long time lurker of the tax lien forums on BP and have always appreciated your thorough replies to everyone.

In Georgia after the redemption period, the other mortgages and liens on the property aren't wiped away like they are in other states? Thanks in advance.

Besides the states listed on your spreadsheet, aren't there a handful of other states that do tax liens? (such as Georgia and New Jersey)

Thanks guys! All of this definitely helps a newbie like me.

Hey guys,

I'm currently entering my sophomore year of college and I've been really interested in getting into the real estate investment realm for a few years now. Is this too early? And if not, what are the first few steps I should take to gain some experience in REI? Any opinions or ideas would be greatly appreciated! Thank you so much.