Rental Property Investor · Castor, LA · Member since 2018 · 11 posts · 1 vote
I currently own a single log truck and operate it myself the over head is to high. I would love to invest in real estate, any advice as to where to begin what steps should I take? I thought about the brrrr method but again I don’t really know where to start.
@Jim Pellerin both I’m tired of being in the rat race at this rate I’ll work till I’m dead and leave nothing for my children. I’m new to this and I’m really motivated I’ve looked into properties around the state but I don’t know if they are good deals. I’m a veteran and have the VA home loan I thought about using
@Christopher West
You already took a great step by joining bigger pockets.
Use the site to educate yourself. Read, read, read. Also there are books you can download
And podcasts.
Once you feel like you’ve learned enough to make a smart first purchase, run it through the calculators to make sure it is. post the numbers and we can guide you.
Also read books like rich dad,poor dad and The richest man in Babylon to really get a grasp on the fundamentals of money.
Congratulations on your start!
@Ron Fletcher like I said before I drive my own truck and that doesn’t leave much time for reading but I have listened to several podcast and webinars I’ve learned a great deal but im not quite sure if my numbers are correct I’ve found a couple deals but I’m not sure if I’m doing things correctly I’ve ran numbers on at least 15 homes and duplex’s and 5 good deals I’ve felt would be good investments both short and long term for my market my next goal would be a hard loan I haven’t had the time comfortably learn about hard loans and loans in general give me a few days 18 hrs in a truck leaves a long time for audio books and pod cast rich dad poor dad changed my preception of
My life and money i look forward to listening to richest man in Babylon
Sounds like your day job eats a lot of your time; I am in the same boat. You just need to make sure the money you are working so hard for starts to work hard for you. Start slow and set an attainable goal. Like 1 deal in the next year or whatever you think you can handle. Leverage your time the best you can, ask tons of questions, and never stop learning.
I'm a few hours south of you and have completed a few BRRRR deals, have a flip in progress and a NPN Note deal in progress. Feel free to PM me with any specific questions and I'll be happy to share my experiences and insights so far.