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30 September 2024 | 6 replies
And you've joined one of the best communities for all things real estate investing.1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...Also, read Rich Dad, Poor Dad by Robert Kiyosaki and Think and Grow Rich by Napoleon Hill 3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars. 4️⃣ Ask questions here on the forums.5️⃣ Visit (join) a local (and legit) real estate investment association.6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcampsI wish you all the best in your investing journey!
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30 September 2024 | 2 replies
You will probably lose a month of rent if you choose a Section 8 tenant ready to move in now versus a traditional tenant ready to move in now.
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2 October 2024 | 5 replies
Bankers are not allowed to charge points on traditional loans so you save money in closing costs and end up with a lower rate.
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30 September 2024 | 25 replies
@Moises Silva- if you purchase next one as a rental - getting traditional financing should be best route to take ..you will need min of 15% down
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30 September 2024 | 9 replies
@Nayeem Khan @Jason Bott - any ideas if these policies are more or less expensive than more traditional homeowners policies?
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30 September 2024 | 21 replies
They also sold them on a mix of traditional sale and held notes on some.
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30 September 2024 | 1 reply
It helps to start by picking one or two markets to research in depth, especially those that offer good value for your capital or align with your goals.For resources, I’d suggest diving into books like Rich Dad Poor Dad to build a solid real estate mindset, and maybe explore podcasts or online forums where real estate investors share experiences.
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1 October 2024 | 7 replies
I started by listening to rich dad poor dad books.
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1 October 2024 | 16 replies
Both can be powerful tools for investors, especially when you’re looking to maximize cash flow and returns.Since most lenders have a minimum loan requirement of $75K, you might want to explore hard money lenders.These lenders specialize in funding investment properties, even for amounts below traditional lending thresholds.
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1 October 2024 | 11 replies
Those major cities that you mentioned are fantastic options and have TONS of potential tenants/students, but their barrier of entry is much higher than traditional "college towns" like Lubbock or College Station.