All Forum Posts by: Walker Hinshaw

Hi @Yuriy Ivanchenko and welcome to Bigger Pockets!

If you have not already, I suggest you try to find and connect with other BP members that are in your area (http://www.biggerpockets.com/meet), set up a keyword for Harrisburg, PA  (http://www.biggerpockets.com/alerts) in order to locate people who may be in the know and start networking online right now.

@Charles Brumfiel

Welcome to Bigger Pockets! I know it has been a few days since you posted this thread, but I always love to see new members from Colorado joining BP and thought I would give you a few potentially helpful links (you may have found these things already, if that is the case please ignore them)

Start here: http://www.biggerpockets.com/starthere

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

Read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Check out the BP Podcast: http://www.biggerpockets.com/renewsblog/category/podcast/

Last but not least, don't underestimate the power of participating in the forums! Welcome people to the site, congratulate people on their successes and contribute to real estate discussions where you can. Set up a keyword alert for your area and interact with the other people in your area as much as possible. This will help build your local knowledge as well as your network.

Good luck and hope to see you around the site!

@Jake Holmes

 In order to quickly see if there is even a chance you would be getting a good deal on the house you are renting, you could go on a website like Trulia, Zillow, or Redfin and look for homes in your area with a similar amount of square footage, beds, and baths and compare prices. 

If it looks like the deal is good or close to being good, either do more research on Bigger Pockets on how to come up with your own comps or, like many have already mentioned, find a real estate agent or broker that you believe you can trust (and isn't just looking for a commission) and ask them what they think.

@Denisse Salinas

 If you have not already discovered it, Bigger Pockets has a great wholesaling calculator located here: http://www.biggerpockets.com/wholesaling-calculato...

If you are wholesaling, commit to marketing and don't get discouraged by a lack of responses early on. You will likely see your response rates climb only after you have mailed your list several times. Consistency is key.

@Samuel Wynn

Hello and welcome to Bigger Pockets! While I do not know if there is a meetup in Grand Rapids, below are some ways you can connect with local investors:

Besides looking up Grand Rapids Meetup in the search bar, you can also find Bigger Pockets investors in your area here: http://www.biggerpockets.com/meet. Also, set up a keyword for Grand Rapids here: http://www.biggerpockets.com/alerts so you are notified whenever people are discussing investing in Grand Rapids. Interact on the posts and make colleague requests and your network will be expanding in no time.

Good luck and hope to see you around the site!

@Brian Porter

Hello and welcome to Bigger Pockets! Below are some links that I hope you will find helpful as well as some tips to get you started on the site.

Start here: http://www.biggerpockets.com/starthere

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

Check out the BP Podcast:http://www.biggerpockets.com/renewsblog/category/podcast/

Definitely check out the beginner's guide and set up your keyword alerts like @Larry Fried suggested.

Since you are from the Bay Area, I would also like to throw in a plug for an article by one of my favorite bloggers on the site, @Scott Trench about investing in expensive cities: http://www.biggerpockets.com/renewsblog/2015/03/07...

If you are looking to build long term wealth but do not have much of a personal finance background, I suggest you check out the rest of his articles as well, they are great for 20 somethings.

Last but not least, don't underestimate the power of participating in the forums! Welcome people to the site, congratulate people on their successes and contribute to real estate discussions where you can. Set up a keyword alert for your area and interact with the other people in your area as much as possible. This will help build your local knowledge as well as your network.

Good luck and hope to see you around the site!

@Seth Martin Hello and welcome to Bigger Pockets! Below are some links that I hope you will find helpful as well as some tips to get you started on the site.

Start here: http://www.biggerpockets.com/starthere

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

Read the Beginner’s Guide:http://www.biggerpockets.com/real-estate-investing

Check out the BP Podcast: http://www.biggerpockets.com/renewsblog/category/podcast/

Last but not least, don't underestimate the power of participating in the forums! Welcome people to the site, congratulate people on their successes and contribute to real estate discussions where you can. Set up a keyword alert for your area and interact with the other people in your area as much as possible. This will help build your local knowledge as well as your network.

Good luck and hope to see you around the site!

@Rhonda Burnette

You are correct that if there are three of you living in this property, your friend should only have to prove he makes 3x one-third of the rent. I would talk to your agent and clarify if this is not what they meant. If not, then I would make the argument as to why it is foolish to require him to make 9x what he is actually responsible for when it comes to paying the rent.

@Aaron Rocha

I think option B is your best and easiest bet. If you can find a property that is below market value in a hot area right now, more power to you but you are not going to find it on the MLS.

@Dan Torluemke

I am with @Bill S. on this one unless you are serious about looking into other markets. 

All the markets across the front range are hot or heating up right now so your options if you want to stay away from the hot markets are either places like Pueblo which is about a 2 hour drive, or out of state. 

What good is that cash going to do if you end up sitting on it? Makes more sense to me to continue to cashflow and have a tenant pay down the mortgage. I also think that the Clayton neighborhood has a good chance to continue appreciating. It is close to downtown and has convenient access to I-70 as well as City Park, City Park Golf Course, and Park Hill Golf Course. Get rid of some of the riff-raff, put in a couple of decent looking shops and restaurants and suddenly you have a great neighborhood.