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Updated almost 6 years ago on . Most recent reply

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John Steiner
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Real estate consultant becoming an investor

John Steiner
Posted

Hello everyone,

My name is John Steiner and I am new to BiggerPockets.  I am an investment consultant and have provided RE consulting services to a number of clients.  My clients would come to me with a specific property in mind that they would want to either fix and flip or rent for the long term.  I understand the mathematics of determining whether a property is a good deal but am looking to get advice from experienced investors on what to expect for your first rental property.  

My style will be buy and hold for rental income and I already know the legal vehicle that I would want to use for each property in my portfolio.  I am thinking of starting with a duplex or a triplex and then increasing the number of units as my cash flow increases.  Thanks for reading and feel free to connect!

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Taylor L.
  • Rental Property Investor
  • RVA
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

Hi John, where are you in the country?

Based on my early experience, if you use Property Managers, learn how to vet them and manage them. They serve a very valuable purpose and they can seriously take you for a ride if you're not paying attention to them and picking good ones.

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