All Forum Posts by: Victoria Imlach

@James De Stefano my mom was a real estate agent growing up but just as a part time situation, otherwise no one in my family has experience with real estate or investing. I became friends with my landlord from college that I've started to connect with for advice.

@Brad Jacobson I hear a ton on the podcasts about putting offers in on 100 properties and actually buying 1. Making offers that are "laughable". Would you say this type of mentality is too limiting for a beginner? I do have concerns about the current market and the amount of people making offers well over asking (probably more so on single family properties). I am a bit intimidated by thought of finding a property and having an offer accepted when I have what a good deal is in mind rather than being emotionally invested in getting the property. This brings me to the thought of needing to find off market deals, which adds additional complexities and requires even more connections. Do you have advice on finding that first property and getting a good deal with limited connections starting off? I have started networking with investors I know personally and have also started the search for an investor friendly realtor.

@Joshua Janus great advice thank you! My next step is definitely connecting with realtors in the area

Hey Everyone! I've been studying up on real estate investing for about a month now, its an interest I've always had (growing up with my mom being a real estate agent), that I never considered pursuing until now. I have a degree in engineering....not finance or business so learning the ins and outs of the various types of investments and financing options is an ongoing effort. One thing I have definitely picked up is how important it is to understand your market. What are some tools (preferably free, online resources) that you use to gage median property value and median rental income? I'd like to be able to use this information along with population data, income data, and  industry data to see if a market looks good and no better people to ask than the Bigger Pockets community! Thanks in advance I look forward to chatting!