All Forum Posts by: Tae Kim

Hey @Nefertari McClarity, I currently have two buy-and-hold rentals in Birmingham with @Mark Byers providing PM. If you're also looking for an agent, I would also highly recommend @Rob Drum. Feel free to shoot me a private message if you have any questions!

@Spencer Sutton & @Mark Byers, thank you! I will reach out to @Bryan Miles. Appreciate the help guys!

Tae

Hi Alabama BPers,

I am looking for an investor-friendly RE agent in Birmingham. I've digged through the archives of these forum posts and have not been able to find one. The couple that I have found seem to be no longer active on BP or are not looking to work with investors. Any help would be appreciated, thanks in advance!

Tae

Hi guys -

Wanted to get your advice and/or personal experiences on how to properly save and grow your capital prior to making your first real estate investment. As a little background on me and my current financial position - I am a year out of college and have managed to save up a respectable amount that I intend to use to make my first REI. I work a well-paying job and am situated in the 25% or higher tax bracket. I am still a year out from making my first real estate investment by simple fact that I do not have the requisite # of credit lines to obtain a mortgage loan and also because I would like to save up as much as possible to account for emergency costs that I may face.

With that being said - how would you guys recommend a new to-be investor to best save and/or grow his money with an approximate one year time window prior to making a real estate investment? I have explored the option of investing in stocks, namely low or no-cost index funds/ETFs, that would provide a respectable annual return. However, I would incur a hefty capital gains tax when pulling out my money due to my tax bracket. Plus, stocks aren't really meant for short time-horizons like a year. There is also the obvious option of letting your capital sit in your bank account, but i'm aware of the importance of the time-value of your money. Would love to hear how members of the BP community best saved/grew their capital before making an REI.

Thanks!

Tae

@Jessica Melendez

Thanks! I wish you the best in all your REI endeavors as well.

That's awesome - seems like our interests are aligned in regards to East New York. I'm curious and excited as to how the new re-zoning to take place will affect the area

@Abel Curiel

Wise words - I will definitely keep those in mind moving forward. Thanks and best of luck in all your REI endeavors as well!

@Chris Grenzig

Thanks for the welcome! Yes the podcasts are incredibly helpful and quite entertaining as well. I am definitely picking up some common themes, mistakes, success factors, etc. and am trying to learn as much as possible

Hi All,

My name is Tae and I am a new investor getting started based out of Brooklyn, New York City. I am 23 years old and stumbled across the BiggerPockets community not too long ago, but have been amazed by the wealth of knowledge that exists on this site and how helpful all of the community members are. I learn something new everytime I click on a forum post or discussion page and am trying my best to act as a sponge and absorb it all in!

I aim to invest in my first real estate property within the next year, as an owner-occupant through means of an FHA or similar loan. Though I work in Manhattan, I am flexible as to where my first deal may land me - Brooklyn, Queens, Jersey City, etc. I would love the opportunity to connect with any local investors in Brooklyn, or New York City, and if anyone could share their experiences "house-hacking" in Brooklyn or NYC. Look forward to becoming a part of this community!