Alert! Incoming Nooblar from Denver Area!

11 Replies

Hello everyone. Native New Yorker, extended visitor to Colorado by way of Florida here :) I happened upon this forum as I was doing research on Real Estate Investing and how the whole thing works. More specifically, I was learning how to calculate ROI on investment deals. Nice too see I'm not the only noob to the business. I have no experience but have been very committed to learning and absorbing as much as I can over the last month and will continue to do so. Any and all advice as to what to study and what one can do when starting off with little to no seed money is very appreciated!

@Daniel Antonetti

Hello and welcome to Denver and Bigger Pockets! As someone who found both just a couple years ago, I can't tell you how happy I am that I did. 

Check out some of the links below that I hope you will find helpful. Also, don't underestimate posting in the forums and attending local meetups as a way to network and build your knowledge. Real estate is all about building your network and leveraging your connections to accomplish more than you ever could on your own. 

Good luck and hope to see you around the site!

If you haven't already, start here: http://www.biggerpockets.com/starthere

Find and connect with other BP members that are in your area:http://www.biggerpockets.com/meet

Set up keyword alerts to be notified of the topics that interest you:http://www.biggerpockets.com/alerts

Read Beginner’s Guide:http://www.biggerpockets.com/real-estate-investing

Check out BP Podcasts:http://www.biggerpockets.com/renewsblog/category/podcast/

Welcome to BP! You've definitely decided to join the game in one of the more competitive markets. Denver is a great place to be, but you definitely pay for it. If you're at the meet up on Monday I'll see you there. 

Dan Mackin, Real Estate Agent in CO (#FA.100056958)
720-971-7139

@James Wise Thanks for the welcome! I'm just starting out so, I'd assume starting small and working my way up to larger props is a sound idea? Start with a small single family home and trade up to larger props over time? I know everyone has a different portfolio because of different techniques and what personally works for them. I don't currently own a home and never have so, maybe utilize the "first time home buyer" perks to my advantage? Thoughts and opinions from everyone would be welcome! 

@Walker Hinshaw Thanks for the welcome and those helpful links. I will look into those now. @Ben Leybovich Thank you, Sir! How are things out in Ohio? @Dan Mackin I appreciate the welcome. Yes, I figured that the area would be ripe with competition but, that just means I'll be forced to learn more and faster! I hope to see you all out there!

Originally posted by @Daniel Antonetti :

@James Wise Thanks for the welcome! I'm just starting out so, I'd assume starting small and working my way up to larger props is a sound idea? Start with a small single family home and trade up to larger props over time? I know everyone has a different portfolio because of different techniques and what personally works for them. I don't currently own a home and never have so, maybe utilize the "first time home buyer" perks to my advantage? Thoughts and opinions from everyone would be welcome! 

Yes I would recommend starting small and working your way up.

As a 1st time home buyer I would look into purchasing a duplex with an FHA loan. 3.5% down and your tenant can pay your mortgage for you.

James Wise, Real Estate Agent in OH (#2015001161)
216-661-6633

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