All Forum Posts by: Tyler Kesling

Thanks for the resources. Can't wait to check them out. I read Lindahl's "Multi-family Millions" and watched the BP webinaire on BRRRR. I'm working on "ABCs of Real Estate Investing" by Ken McElroy and "Confessions of a Real Estate Entrepreneur" by James Randel, all of which have I've taken some great ideas from.

Wow...I'm such an idiot. I don't really use Facebook and didn't even think of that as a resource (out of sight, out of mind). At your suggestion, I went on an looked for Tri-State REI and Tri-State RE and not so surprisingly, there are groups for both in the area. I joined and we'll see where it leads.

Thanks for the nudge. I've got a 5 month old and just started training for a half-marathon so
I'm somewhat sleep-deprived and my brain isn't firing on all cylinders this morning. I've created a 6 months to property schedule for myself and today's task are to use BP forums to ID Pros in my area, read from the book "ABCs of REI", and write about how REI aligns with my life goals so I can check the first one off the list. Thanks again- T

I'm in a smaller town without any representation on the forum along the "Building Your Investing Team" tabs. I want to start researching investor friendly agents in my area. What tips or advice would you recommend to ID these agents and how would you go about trying to build a relationship? I don't plan on buying for another 8 months or more and I don't want them to think I'm just wasting their time but I do want to start seeing which agents will understand my goals and see what kind of opportunities each will send.

I'm also trying to figure out if there is a minimum number of units I would need to work with a PM and how to find one? I really don't want to be an landlord. A quick Google search for the Ashland, KY area only list a larger local company and I'm fairly certain they own all the properties they manage, or out of state companies that I'm not sure would manage quads (which is probably where I would start). 

Thanks in advance-

I'm very new in my research and education so I'm not exactly sure yet. My initial thoughts, which are definitely open to change, are to buy a quad that I can flip into something around 20+ units with some investors and build off that with a goal of at least 60 units trying to cashflow around $6K per month. I realize the current economics are great for those goals but that is my goal. After I get a base income, I could see myself leaving my current career and going fulltime into repositioning.  I do know that I do not want to be a landlord. 

Good morning,

There seems to be a lot of good information on this site but does anyone have recommendations for the best resources here on the basics of multifamily investing here on BiggerPockets that I can learn from. Articles, guides, webinars, forum threads, etc. that really helped you on your journey?

Valid points all around but hey, what's the point in having goals if they're easily achievable, right? And if you're going to dream, dream big! I know I'm very new and know that as I learn new things, my goals and strategies will change. I'm giving myself a good amount of time to learn, make connections, find investors, build a team, and everything else that I will come across so that when the time is right, I can find the best possible opportunities for success. I have some vision in my head (which may not be based in the real world and change over time) a scenario where I sell my current house and use the equity to put a down payment on a smaller home or even rent for a short time, using the remainder of the equity along with some savings and if needed, family investors, to purchase a value add quad that I can reposition and roll into a 20 or 30+ unit property in the course of 18-24 months. Do this one more time to get to 60+ buy and hold units, with a goal of $100 per unit cashflow and boom, $6K per month before I turn 50 which would allow me to go fulltime into REI. From there just keep adding to my portfolio until I'm satisfied, whatever that means.

 Very cool- let me get a few weeks of education under my belt and then I'd love to meet up for lunch and pick your brain. Thanks!

Thanks Ryan, I will check out those resources. I appreciate the leads. On my schedule is to start identifying and researching the top RE pros (Agents, Brokers, Investors, Property Managers) here at home and in the markets within a driving distance (Huntington WV, Lexington KY, Columbus OH, and Charleston WV) and start weekend visits just to drive around. After about 2 months, I plan starting to reach out to these pros to build relationships and getting their insight. Thanks again.

 Hey Scott, what I meant was hit $6000 per month to hit my initial goal of leaving my current job. All your points are valid in any circumstance so I appreciate the information. Thank you. 

Good morning BP,

I'm from a small town in Eastern KY and I'm starting my journey into the world of REI at the ripe old age of 46. I have goals of obtaining enough MF property to replace my current career by the age of 50 (I'm actually shooting for $6K/m by November of 2026 because, why not?) so I can spend more time with my wife and newborn along with travel, challenging myself, and become the largest investor in my area. I usually receive a large bonus from work in late June so July 2025 is my target date to buy my first piece of property, although I realize opportunities may arise before then. I've recently read "Think and Grow Rich", "The Millionaire Next Door", "Multi-Family Millions", along with several Grant Cardone books. Currently I'm listening to "ABCs of Real Estate Investing" and I've subscribed to the BiggerPockets podcast. From all that I've created a detailed plan to learn as much as possible before I make a purchase. One of my first orders of business is to start learning how to do market research so...

Question- what is the best way for a newcomer to learn to conduct Market Research? What all does that entail?  

Thanks in advance for your help in creating my dreams,

-Tyler