Newbie in Columbus, GA and surrounding areas

Hamilton, GA · Member since 2017 · 2 posts · 2 votes

Just recently started on here and I am trying to figure out how to do investing in real estate (flip/hold) my main goal. I am not completely ignorant to what I would have to do. Truthfully scared to make a financial mistake.

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Donnie M.Pro Member

Rental Property Investor · Cullman, AL · Member since 2013 · 113 posts · 64 votes

@Shawn Williams welcome to BP! If you haven't listened to the podcast I would highly recommend it. https://www.biggerpockets.com/podcast

Hearing from people who are actually doing what you want to do and how they started will give you more confidence and possibly overcome some of the fear. They help me immensely when I hear how many of these successful investors started off and some of them made financial mistakes. It allows me to learn from their mistakes and from their successes as well.

I'm investing in Columbus and Phenix City so if you ever want to talk about the market here reach to me on here, by phone, or email. Best of luck to you!

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Paul Kelley
Bloomington, MN · Member since 2018 · 7 posts · 2 votes
8y
I am really New as well. I am in Minnesota which is a really hard market right now. I always try to keep one quote in mind, "It’s OKAY to be scared. Being scared means you’re about to do something really, really brave.” ― Mandy Hale.
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Donnie M.Pro Member
Rental Property Investor · Cullman, AL · Member since 2013 · 113 posts · 64 votes
8y
@Shawn Williams welcome to BP! If you haven't listened to the podcast I would highly recommend it. https://www.biggerpockets.com/podcast
Hearing from people who are actually doing what you want to do and how they started will give you more confidence and possibly overcome some of the fear. They help me immensely when I hear how many of these successful investors started off and some of them made financial mistakes. It allows me to learn from their mistakes and from their successes as well.
I'm investing in Columbus and Phenix City so if you ever want to talk about the market here reach to me on here, by phone, or email. Best of luck to you!
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Robert EllisBusiness Member
Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
8y
Originally posted by @Shawn Williams:

Just recently started on here and I am trying to figure out how to do investing in real estate (flip/hold) my main goal. I am not completely ignorant to what I would have to do. Truthfully scared to make a financial mistake.
Hi Shawn,
Some investors look to areas out of state for a higher return on thier money. Investing from out of state is challenging but if set up correctly, it can be a great way to reach areas that can give you a better return. First thing to consider is the team: lender, agent, property manager, attorney etc... Build a local team that is familiar not only with the area but also with the type of property you are purchasing - location, unit count/mix, rents etc...These folks will be your boots on the ground. If you can come to the city to visit that helps but often, as a majority of properties are "curb offers only", buyers will come out for inspections after the offer is made and then go home and complete the rest of deal form there. It's critical as an out of state investor to build a team that you trust to advise you. Good luck with everything!
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Shawn Williams
OP
Hamilton, GA · Member since 2017 · 2 posts · 2 votes
8y
Thank you all for the information. I have listen to the BP90day challenge and I'm excited!
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David Goings
Specialist · Columbus, GA · Member since 2016 · 146 posts · 54 votes
8y
@Shawn Williams I would recommend listening to every BP podcast, attend the county auction "pretending" you're going to buy a house....then take real action towards whatever is drawing you. Go get it.
- Dave
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Heshel Mangel
Member since 2018 · 208 posts · 90 votes
7y
Originally posted by @Donnie M.:

@Shawn Williams welcome to BP! If you haven't listened to the podcast I would highly recommend it. https://www.biggerpockets.com/podcast
Hearing from people who are actually doing what you want to do and how they started will give you more confidence and possibly overcome some of the fear. They help me immensely when I hear how many of these successful investors started off and some of them made financial mistakes. It allows me to learn from their mistakes and from their successes as well.
I'm investing in Columbus and Phenix City so if you ever want to talk about the market here reach to me on here, by phone, or email. Best of luck to you!
I'd love to connect and get a feel for the market by you in Columbus, GA. I am currently looking at a property down there to buy and hold.
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