All Forum Posts by: Sam Hemingway

Aspiring investor (just starting out, hardly any capital at all). I stumbled on biggerpockets a while back and recently starting reading everything again. My desire is to get out of consumer debt (one loan left), then get right into the real estate game (owning rentals is where I want to be I think).

No clue what to do, who to talk to, how to network, how to get organized, what books to read. All new, but it's all exciting. I am interested in meeting people in my area (I live in monroe, oregon... near Eugene/Corvallis).

@Deisy P. Have you thought about hiring out a management company to manage the properties for you? Way less of a headache and they take care of all of the stressful stuff, do their due dilligence, etc. It comes at a cost though (cutting into profits)

While I wait for the housing market to crash, I'll be saving up capital and working on burning through my remaining debt. I only have a 42k federal student consolidation loan left. Depending on how 2021 goes with the new presidency... It could become my most profitable year yet. After the crash I hope to purchase my very first rental property with funds I saved up in 2021. 2021 is all about strengthening my position and getting ready for the right opportunity.

@Christian Buechel Wouldn't buy and holds be a bad idea in a seller's market (at least its a seller's market here in Oregon)? It seems like investors would want to wait for the market bubble to pop, then buy at the bottom for a buy and hold strategy, no?

Very good point. I just think those options are extremely scarce over here in central oregon. 

@Thomas Gerhart

It is by far the best advice I've been given so far. This reinforces what I believed to be true for our area. I just wanted to make sure I wasn't insane for thinking this. Since I am new to the party I hardly know anything and I was hoping I was wrong.

Hey all, newish to the forums. I went to Brandon's webinar today. The topic was about working toward owning your first few rental properties and how to find good deals. Earlier this evening I've been playing around with the rental calculator. I dump in figures based on the tooltip suggestions, fill in the purchase price, etc. But I always end up with negative CoC percentages. Even when i enter lowball purchase prices.

If anyone lives in central oregon near eugene, I'm looking for suggestions on what I may be doing wrong. Brandon doesnt generally go for properties below 12% CoC on single family homes, I'm not even coming close to that (not even getting positive values).

@Craig Curelop

Hey all! New to this community. I own one property (my home). I've been fascinated with the idea of owning rentals. I'm 32 and want to get started but just don't have any capital or know how. I think I'm in the right place. Where should I start?

Books? Daily reading? Mentors?

I'd like to take some time to educate myself properly, but I don't want analysis paralysis either. I'm young but I'm not that young. I want to spend my time wisely. What do you guys suggest?