All Forum Posts by: Stephen Setzer

I'm analyzing all the properties I see that look like they could have some cash flow. I'm still very new to this. I've found a few that seem like good deals. My question is what are some target numbers that will attract partners/lenders? I want to get to the next step, but I'm struggling with realizing if it's actually a good deal. I need to find great deals to help with my creative financing. Any help is greatly appreciated. Thank you.

1 Vote

Dayton, Ohio

Quote from @Bill Hampton:

@Stephen Setzer

Welcome to Bigger Pockets. Bigger Pockets is a great place for education and networking and is full of great content.

I recommend that you check out the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Check out other online guides available here: https://www.biggerpockets.com/guides

3. Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. You can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenings

6. BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators

7. If you can't find what you're looking for, try the Bigger Pockets Fileplace. It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/files

Good luck.

So glad to be here. All great information. I'm signing up now. Thank you so much.

1 Vote

Dayton, Ohio

Quote from @Sam McCormack:

Quote from @Stephen Setzer:

Hello! I am new to real estate, and ready to learn! I'm really interested in creative financing, some rentals, and commercial real estate. I'm excited to be here, and meet some like minded individuals. A little bit about myself:

I'm a former Firefighter/Paramedic, veteran, and small business owner. Most of my adult life was spent working as a Firefighter/Paramedic. After COVID, we decided to make a change. We sold our home, bought an RV, and spent one year traveling. It really opened our eyes to the worlds of possibilities out there today. When we went back to our hometown I decided to not renew my certifications for fire and EMS. My wife and I opened a Chicago Style hot dog cart, and I reprised my handyman business I started prior to COVID. I've always wanted to do something in real estate, but wasn't sure what or even how to get started. I took a job last year as a General Manager for Panda Express. I worked there for about six months. It is a requirement of theirs that you read "7 Habits of Highly Effective People," which I did. It really opened my eyes. That lead me to read a few other books. One of them being "Rich Dad Poor Dad." That got me looking into real estate investing. I just finished Brandon Turner's book "The book on Investing In Real Estate With No (and low) Money Down." That has lead me here. My brain is really working now, and I'm ready to get started creating financial freedom for my family!

Love to see it man! I am an investing agent in Cincinnati and Northern Ky, if you need help, in Greater Cincinnati or not, let me know! More than happy to hop on a call and talk about it!

I have family in West Chester. We spend a lot of time at Kings Island. I do a lot of handyman work in the Cincinnati area. Ideally looking to make a move that direction in the future. Look forward to linking up. Thank you.

1 Vote

Dayton, Ohio

Quote from @Jimmy Lieu:

Quote from @Stephen Setzer:

Hi Stephen, welcome to the BiggerPockets community! Great story! I'm excited for your journey. I moved from Portland OR to Columbus OH to start with real estate investing and got started with a house hack. Now I own a successful rental portfolio. Happy to connect and answer any questions you have!

Hopefully you've turned into a Buckeye's fan as well! We were just at the game on Saturday, it's a great experience. That's great to hear. Nothing better than people succeeding. I look forward to our paths crossing in the future. Thank you.

0 Votes

Dayton, Ohio

Quote from @Jonathan Klemm:

Beautiful Family and great share @Stephen Setzer

There is ZERO DOUBT you are on the right path and finding your way. I highly suggest attending as many local real estate meetups as you can. Otherwise, find some type of group or tribe that is into real estate investing...do whatever it takes to get around the local movers and shakers!

MY friend @Michael K Gallagher is not too far from you in Columbus Ohio and would be a great connection. If you are ever up in Chicago I'd be happy to link up as well.

Your decision-making skills as a vet/emt will go a long way in real estate. Good things are coming your way!

Thank you so much. I appreciate your positive outlook. I will take your advice and look more in to local groups. We love Chicago. My wife would be there right now if she could be. One day we will own a penthouse in Chicago! Would love to connect and learn from anyone that's willing.

1 Vote

Dayton, Ohio

7 Votes

Dayton, Ohio

All Forum Posts by: Stephen Setzer

Stephen Setzer has started 2 posts and replied 6 times.

Post: What are partners/lenders looking for in a deal?

Post: Hello! New here, and looking to grow.

Post: Hello! New here, and looking to grow.

Post: Hello! New here, and looking to grow.

Post: Hello! New here, and looking to grow.

Post: Hello! New here, and looking to grow.