All Forum Posts by: Spencer Gonzaga

@Molly DeShazo , Wow! I appreciate the link.  I was just given the book by J Scott on Recession proof real estate investing as a birthday gift.  I am also interested in learning about negotiations and the book on real estate negotiation is very tempting for me to read next!  Best wishes on your real estate journey!  I'll keep you posted on any interesting books I encounter.

Hi Molly,

I'm pretty much in the same boat as you are and have come to appreciate the multitude of resources available through bigger pockets.

I am currently going thru the house hacking book by Craig Curelop since that is what I'm interested in starting as.  Since you listen to the podcast, I'm sure you've heard of Rich Dad Poor Dad by Robert Kiwasaki which is a fun read.  I have also read Building wealth one house at a time by John Schaub and it's an interesting take on how to build your portfolio slowly but surely.

Just some thoughts to get you started!

Happy reading!

@Chris Gawlik

Appreciate the post.  Being a newbie investor, I take value in trying to learn as much as I can from experienced investors in the market from any side of the aisle regardless of what their take on the current market conditions are and what it will become in the future.  While we certainly do have indicators of a potential market crash looking at Wall street trading at record prices in spite of current unemployment numbers and Covid crisis, whats your take on understanding and factoring in local market conditions and local employment while looking for deals vs just waiting around for the next buying opportunity?  

There are some postings that have indicated this approach.  For example, I live in a city where healthcare is a huge industry and is relatively stable and is the main employer for the city.  We also have government workers living in the city and providing potential tenants.  Even in the midst of the pandemic, unemployment have mainly affected those in the hospitality business and tourism.