New to real estate and looking to learn and make connections

Member since 2024 · 4 posts · 1 vote

Hi all,

I am new to the real estate world and my primary purpose in posting this is to introduce myself to fellow investors and agents in the area. I live in Fairfield County and am looking to invest in a property for house hacking somewhere in New Haven County.

I've spent the last year or so (on and off) looking for my first investment property to house hack but have had minimal luck. I have yet to find a real estate agent who is eager to help kick-start my investing journey, so I am open to having conversations and meeting new agents. Overall, I am looking to seek connections and resources to learn as much as I can about real estate investing in general and grow my network in the area. I look forward to connecting!

-Taylor

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Jonathan GreeneBusiness Member

Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes

How have you been looking on and off without a realtor? What's been your way of trying to find a realtor familiar with house hacking? Have you gone to any real estate investor meetups to meet other investors and find out who they use? Realtors hear the same story a lot - I am starting my journey and plan on doing a lot, but I need help right now. What they want is a proof of funds, a plan, and a buy box. If you have that, there are many of us who can connect you with someone in the area who works with house hackers.

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Tim DelaneyPro Member
Buffalo, NY · Member since 2018 · 790 posts · 530 votes
1y
Welcome and congrats on taking some action. Have you used the agent finder tool on BP? What are the issues you have had with other agents?
You may also want to find as many meetups in your area that you can to network in person with people who may be able to help you or connect you with the right agents.

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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
1y
How have you been looking on and off without a realtor? What's been your way of trying to find a realtor familiar with house hacking? Have you gone to any real estate investor meetups to meet other investors and find out who they use? Realtors hear the same story a lot - I am starting my journey and plan on doing a lot, but I need help right now. What they want is a proof of funds, a plan, and a buy box. If you have that, there are many of us who can connect you with someone in the area who works with house hackers.
[email protected]Podcast Guest on Show BiggerPockets Daily 667: 5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t) by Gino Barbaro
Zen and the Art of Real Estate Investing59 Reviews
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Wale LawalBusiness Member
Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
1y
@Taylor G.
To find investor-friendly agents for house hacking, use BiggerPockets Forums, local meetups, REIA groups, and social media. Focus on REIA Meetups in New Haven or Fairfield Counties. Explore New Haven County's opportunities, including multi-family properties, strong rental markets, and owner-occupied financing options. Network actively and research New Haven areas for the right opportunity.
Good luck!
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Scott AllenBusiness Member
Real Estate Agent · Columbus, OH · Member since 2020 · 449 posts · 471 votes
1y
@Taylor G. Go to some real estate meetups/ask friends who they used to buy a house or duplex where you're at, meet some agents and try to narrow down to one that you feel comfortable working with, wouldn't mind having to go and look at places with. See who they would recommend for lenders and make sure to get a preapproval letter back to them so they know you're serious - takes about 20 mins to do an application - can take the agent about 2 hours to have to show you a place with their time. Let the realtor and lender know your plan of finding a house hack - typically a duplex or fourplex but can still be done in a single family if your plan is to have roommates that live with you. Send offers on places you like when they come up if they're within your range. Just make sure you to have an inspection period to review things more.
Write it down on paper and make it a goal that you'd like to find a house hack under a certain price point after being approved. Make sure to budget for any repairs that might be needed. It'll happen.
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Samuel Eddinger
Meriden, CT · Member since 2018 · 703 posts · 501 votes
1y
@Taylor G. - I'm a CT based investor myself. I'd be happy to connect. DM me if interested.
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Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
1y
@Taylor G.

i was going to ask a question similar to what @Jonathan Greene said
when you say "I have yet to find a real estate agent who is eager to help kick-start my investing journey"

what does that mean? trying to help if you can provide more info (and are still here!)
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Taylor G.
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Member since 2024 · 4 posts · 1 vote
1y
@Tim Delaney Hi Tim, Thanks for the welcome! I did reach out to an agent using the BP tool and have been in contact with them, so fingers crossed.
The first agent I started working with about a year ago was a friend of a friend (maybe that was the first mistake). Nothing was "wrong" with them per se, but they were not nearly as dedicated as I needed. The interactions were mainly me sending places I wanted to go look at, and making offers with very little guidance from them, ultimately only to lose out on the bid.
All in all, I've learned that being this early in my investing journey, I need an agent who is not only familiar with investing (or is an investor) but will reciprocate the same dedication and drive.
I will definitely research meetups in the area! Thanks for the tip.
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Taylor G.
OP
Member since 2024 · 4 posts · 1 vote
1y
Quote from @Taylor G.:

@Tim Delaney Hi Tim, Thanks for the welcome! I did reach out to an agent using the BP tool and have been in contact with them, so fingers crossed.
The first agent I started working with about a year ago was a friend of a friend (maybe that was the first mistake). Nothing was "wrong" with them per se, but they were not nearly as dedicated as I needed. The interactions were mainly me sending places I wanted to go look at, and making offers with very little guidance from them, ultimately only to lose out on the bid.
All in all, I've learned that being this early in my investing journey, I need an agent who is not only familiar with investing (or is an investor) but will reciprocate the same dedication and drive.
I will definitely research meetups in the area! Thanks for the tip.

@Jonathan Greene @Nicholas L. A bit more background! By "on and off" I was referring to taking a break from looking all together this past summer. After no luck with the realtor after 8 months of the same thing over and over again - I lost a bit of motivation and just stopped searching Zillow for hours a day.
I realized that trying a different realtor might be the best next step - which brought me here. I've been in touch with two new agents from the BP community and have high hopes so far, so we shall see.
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