All Forum Posts by: Shannon Glanton

This is just a tip, select a market you want to invest in, call it your nitch. Zipcodes could make it easier to remember especially if it's out of state.
Start window shopping in the price range you looking for, by setting alerts on the MLS. Go to realtor.com or zillow.com and save the properties in your favorite this way you get daily or weekly alerts for what properties are available and if your price range is realistic or what are their conditions.

Find ways to finance now. If you have money save, borrowing from your 401k, friends or family or even your credit cards, but just be realistic with yourself if you can handle it.

After your window shopping you will get a fair idea of the market prices in your location and at time on realtor.com you see in the neighborhood section what other house are selling around the location.

The rest of everything is all up to you taking the leap of faith, being determined to get it done during the process and being consistent. Seek advice when necessary. Always but title insurance and casualty insurance to protect yourself and your asset.

Best of Luck.

Prime yourself with the market

Nii N Nortey,

Thank you so much for taking the time to share your knowledge. I think finding your nitch is definitely the most important part of the journey, yet the most difficult. Quite some time ago, I heard in an Investing Podcast to "Make a Choice and Love your Choice". I think this applies implicitly to finding your location. There is something to offer in almost every market, and I need to find the one that matches up with my long term goal. Currently, my eyes are set on Texas, and I hope to invest near major Military post (due to familiarity). I love your advice of "window shopping", and I will be making that a top priority of mine throughout the rest of this month.

Thank you again for all of your encouraging words and amazing advice. I wish you all the best in your journey.

- Shannon

2 Votes

Houston, Texas

Quote from @Mike Gonzalez:

Hi Shannon! I am still a newbie, started 2 years ago. I had some money saved up so after practicing running numbers on houses on zillow/realtor (Cash on Cash return) that I was pleased with, I just started making offers out there. Many offers rejected but then eventually with much patience, an offer finally was accepted. I learned so much just dealing with lenders, realtor, and contractors. You can only learn so much through books and podcasts, which I love them all and have most of those books you mentioned. You learn even more, just another level, once you go out and start applying what you learn. My first property was a duplex in Colorado Springs. Don't be afraid to make mistakes. Network with people, join REI groups in your area. Here's a video from Brandon Turner which was very helpful. Hope this helps!

Mike,

Thank you so much for your response and for speaking of patience. Sometimes I struggle with wanting to just dive in, and your story gives me hope that if I wait for the right catch to come along, it will. You are absolutely right that there is so much value in putting yourself out there to get the experience, learning and not applying the knowledge learned breeds stagnation. I will definitely take all of your advice of practicing my numbers, networking and getting into the right communities. Congratulations on your first multi-family. I wish you an abundance of success. Thank you so much for taking the time out of your day to share your experience with me.

- Shannon

3 Votes

Houston, Texas

First post alert! Greetings Bigger Pocket Family!

For those seasoned investors (or newbies), how did you get started? Let's be honest, there is a wealth of information found all over the internet and in Podcast. However, when faced with this endless bucket of information, it is fairly difficult to not fall into "analysis paralysis". I have read several books, to include: Long-Distance Real Estate Investing, BRRRR, Estimating Rehab Costs, The Book on Advanced Tax Strategies (VOL 1 and 2), and quite a few leadership books. However, I am still finding myself asking the question "Where do I start?".

I was hoping that someone would be willing to share the beginning of their journey, for those out there, like me, who are stuck on the hamster wheel. For those who are starting with zero experience in real estate, outside of books and podcast. For those starting at "Level One".

I am so thrilled to be on this journey and I thank you in advance for any nuggets that you're willing to share.

- Shannon

20 Votes

Houston, Texas

All Forum Posts by: Shannon Glanton

Shannon Glanton has started 4 posts and replied 23 times.

Post: How did you get started? Advice to newbies!

Post: How did you get started? Advice to newbies!

Post: How did you get started? Advice to newbies!

Shannon Glanton has started 4 posts and replied 23 times.

Biggerpockets Logo Post: How did you get started? Advice to newbies!

Biggerpockets Logo Post: How did you get started? Advice to newbies!

Biggerpockets Logo Post: How did you get started? Advice to newbies!

Post: How did you get started? Advice to newbies!

Post: How did you get started? Advice to newbies!

Post: How did you get started? Advice to newbies!