Investor · North Brunswick Township, NJ · Member since 2020 · 41 posts · 19 votes
Hello BP Community
Very Belated Happy New Year
I am seeking advice for first-time Real Estate investment, as I am starting out and my goal is to start building my portfolio and want to get my foot wet by doing my first deal.
Seeking advice from the community about anything I should cosndider.
Looking for Single-family/duplex home to start with.
@Deb Bandyopadhyay There are investable markets everywhere you go. Ohio is very competitive. We currently own almost a couple dozen doors out there. It's still a decent market to invest, but you will need to jump on deals very quickly.
@Brandon Goldsmith Thank you for the info, surely looking to the Midwest market, for now, my most important is cash flow and would be looking towards Metro Statistical Areas only.
@Antonio Cucciniello Thanks for the true opinion, I am trying to cope up with my learning and implementing the strategies. Also looking to start my first deal.
@Jaquetta T Ragland Thank you for this, surely you are right I am also thinking of a house hack in my local market so that I can save more for my deals. I am looking to buy one duplex for this. Any other things I should consider for the house hack according to you?
@David Paul Westenberger Thanks for the information, surely I am searching for the BP masterminds and looking for one for me. Really meeting like-minded people always helps to focus and learn lot of things from each other.
@Kate Sutherland Thank you for the reply and the great information. I am currently checking the MLS for the rent prices. The website mentioned by you will help me too. You are right about the four profit centers which are home price appreciation, tax savings, principal paydown, and inflation-hedging. I am keeping all these in mind which choosing my first market and deals. Realy speaking all this information is a great resource for a person like me who is looking to start.