All Forum Posts by: Stephen Bagnani

The more and more I get replies, the more I feel like I need to move closer to my sister in Utah... So. Cal...you foul temptress.

Oh man Seth this is gold, I am going to dive into this. Thank you.

I am talking out of my nose here, but can you buy some acreage and parcel it into very small parcels to put up a large number of micro dwellings? 

I am really intrigued by the tiny house/microhouse movement. Being a room-renter myself I know how important solid cheap dwelling is especially to young bachelors like myself. Is there any way I can create a multi-dwelling situation with micro houses that i can rent out to interested tenants on a single property?  How would I go about this?

Newbie here, I recently posted my into post on BP, and it was recommended that I get my real estate license. My question is which is the best school that I can actually learn from to get my license, and support my investing career for the rest of my life.

At the moment, I work full time 8 to 5. I learn best by hands-on/ visual. I hope to switch over to full-time investing as soon as possible, and I only have about 10k of capital right now.

I live in Southern CA, Temecula/Murrieta Area.

As always, I appreciate everyone here.

I have a great list of material to read through, and I am going to look into which real estate school is best in my area, but I think the most valuable need for me would be a mentor, someone I can learn from with real-world experience, and real-time feedback. I would like to buy someone lunch and sit down and at least talk.

I am just starting, and my credit is on the up-and-up and I am coming into about 10k within the next couple of months. This is my opportunity to break into REI. I want to do it right. 90% of the advice on here is Networking and mentors, so I want to start connecting with people right away. Then my next major decision is what niche to zero-in on (And I don't even know all of the different ways to make money off REI yet). My goals for the short to mid-term would be quit my job and at least reach cashflow that covers all my life-expenses. At that point I would see what strategies would work best for a full-time investor to continue and increase my portfolio.

Until then, know I am binge watching podcasts and reading through the site.

Wow, Thanks for taking the time to reply to me John. Firstly and foremost I want to clarify what I mean by getting my feet wet. I am pretty much working paycheck to paycheck, hopefully with the budget cuts I have made recently that can change. However, this means that I have very little capital. Also I am repairing my credit from mid 600's at the moment. So when I think logically about real estate investing, I cannot see it as reality to buy a 24 unit apartment complex right now. 

I know with all things you have to start small. Start with little to no capital and then work your way up to larger and larger investments, correct? I may be totally off on this and if so than I want to learn more. In fact the reason I first started looking into mobile homes was from an Article by Kim Kiyosaki who talked about her sister or friend who started with mobile homes and like no capital, (I think she had literally taken a vow of poverty or something)

So I know I have to start a little snowball first to roll it into a giant igloo (does it work like that?) Therefore when I say getting my feet wet I mean stepping into the pool before diving into the deep end. I mean Starting small. Starting to build my portfolio, and my cashflow/capital. That is what I mean by getting my feet wet. 

I really appreciate your encouragement about my future success, but I want to ensure everyone who reads this that I am ALL-IN there's not a drop of doubt (yess anxiety comes and goes but its healthy stress) in my mind that I want to do this. With my whole heart/whole hog/ front feet first....etc.

Now, I keep hearing people say take an expert out to lunch. I would first have to meet such a person correct? 

This is perhaps my next most important step and question to ask. I bring it before all of the Biggerpockets members: Where would I meet that would-be lunch-mate? 

It seems like there is a lot of mixed feelings about Getting a Real Estate License on here. Could more people elaborate as to why this would be a good course of action?

A little update with me. I moving out to a place a little further from with but with 120$ less rent per month. This is cash in my pocket for investing!

I am thinking about trying to find a multi-family home with an FHA loan and house hack it.

Right now I am reading the Ultimate beginner's guide, and then I am going to binge watch the podcasts.

Ideally I would like a mentor to work with, but I am not exactly sure how to go about finding that without paying someone to work with me aka Rich Dad etc...

Thanks so much for the feedback, I suppose saving the money from the rich Dad program would be beneficial but I wanted a solid educational path that my partner and i can take before we start actually trying to invest. There are so many books and podcasts and I would prefer to focus on one course at a time and really take in what I am learning.