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Updated over 3 years ago on . Most recent reply

User Stats

5
Posts
3
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Jason Heffron
  • New to Real Estate
  • Fort Worth, TX
3
Votes |
5
Posts

New To Real Estate Investing

Jason Heffron
  • New to Real Estate
  • Fort Worth, TX
Posted

Hello to the BP world! Newbie here looking for some help/ guidance on

figuring out the MINS (Most Important Next Step)! Working on completing

the Personal Financial statement thanks to the BP peps! Once, that is

complete is the typical next step to find the first deal?.. Been

Looking on websites to see what possible deals might be out there as

well.. Is analyzing a deal really as hard as I might be making it out

to be?.. Looking to get into Wholesaling, Rental Properties, or

Flipping. Still a little unsure which option might be better to start

with for a Newbie. Any advice, Help, or information is welcomed!

Thanks very much.

Be great to meet some more contacts as well,

and if anyone is looking to partner up on some deals?. Also, if there

are any investment meet ups happening in the DFW area soon?.. Would be

interested in going to one of those as well.

Thanks to any info or replays to this post a head of time! Have a good day.

Jason Heffron

Most Popular Reply

User Stats

161
Posts
176
Votes
Bryan Balducki
  • Real Estate Agent
  • Denver, CO
176
Votes |
161
Posts
Bryan Balducki
  • Real Estate Agent
  • Denver, CO
Replied

@Jason Heffron congrats on getting started! I would personally recommend house hacking for your first deal, as it is low risk and a good way to gain experience in home ownership, property management and maintenance. You can put 3-5% cash down on a primary residence and rent out the other units to live for free or even cash flow. This can be done buy purchasing a house with many bedrooms or by purchasing a duplex/triplex/fourplex. A couple books I recommend for this is “the househacking strategy” by Craig Curelop and “SET for life” by Scott Trench. Wholesaling may also be a good option for you if you have a good mentor or company to learn from. I wish you the best!

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