I was incidentally learning about real estate investing for a year before I purchased my first fix-and-flip, and then another 2 months of intentional study (listening to BP, reading books, asking savvy investors questions, etc) before I closed on my first rental.
Realtor · Los Angeles, CA · Member since 2018 · 952 posts · 1k+ votes
7y
@Spencer William Quesenberry, I started learning about investing in real estate (via publicly traded REITs) in Dec 2018. I discovered BP in the spring, maybe March 2019. I closed on my first duplex in August 2019.
Thorold, Ontario · Member since 2016 · 62 posts · 58 votes
7y
Sparked an interest in 2012, watched a lot of Home Network shows and thought it was an interesting industry... tried to learn on my own but couldn't find a proper structure or resource pool to pull from... enrolled in school 2013, completed 4 years of Business ... got my degree with major in Real Estate, convinced my wife that owning was better than renting, purchased first home in 2018 and bought some land this summer! Looking at a 3rd before end of the year.
Rental Property Investor · NC · Member since 2018 · 776 posts · 776 votes
7y
Almost exactly a year. I listened to every podcast I could get my hands on and read probably a dozen or so books before I felt like I understood enough to buy the first property.
Rental Property Investor · Batavia, IL · Member since 2018 · 452 posts · 672 votes
7y
@Spencer William Quesenberry I started educating myself on real estate in August 2018 and closed on my first rental in March 2019. I just pulled equity out of my primary home via cash out refi and am currently working on acquiring property number 2.
Rental Property Investor · San Diego, CA · Member since 2019 · 290 posts · 253 votes
7y
I joined BP in June 2019 and am in the middle of my first out of state deal. I did own a couple rentals before then, but bought them years ago before knowing anything about investing (did not buy them well....)
My wife and I took one full year of reading and going to networking events every single weekend before taking the plunge into our first deal. At the end of the day it's about respecting this business prior to doing ANY deal. Take the time to "learn the ropes" and speak to people in the industry. Basically be a knowledge sponge absorbing everything real estate.
It's fantastic to see fellow BPers say their stories. Best of luck to you and great thread!
Flipper/Rehabber · Colorado Springs, CO · Member since 2018 · 34 posts · 27 votes
7y
@Spencer William Quesenberry when I finally decided to be serious, I wanted to fix and flip
I spent about a year educating myself. Reading and attending network events. Once I felt I had my ducks in a row, it took me almost a year, analyzing probably 200 or more potentials, and about 24 offers before I could dial everything in to land to land my first deal. I felt there was never enough money or too much rehab for the price.
I am on my second deal, which was found inside of 2 months after closing the first.
Rental Property Investor · Kansas City, KS · Member since 2019 · 73 posts · 39 votes
7y
@Spencer William Quesenberry
I found biggerpockets in February of this year. I happened to listen to the episode that featured Brandon's "Buy your first or next property in 90 days" webinar and I couldn't quit listening from there. My wife and I closed on our first rental and had it leased in June. We went a little over the 90 days, but it still felt great considering we didn't know anything about REI. We have plans to purchase more and it absolutely wouldn't have happened if it weren't for the podcast and website.
Investor · Peoria, IL · Member since 2016 · 29 posts · 20 votes
7y
2 in 2017
3 in 2018
4 so far in 2019
Started listening to BP in 2015 or so, wish I could remember which podcast was my first but after listening to the 1st G.C. episode and 1st Jake and Gino episode I knew I had finally figured out what I wanted to do with my life.
Lender · Tulsa, OK · Member since 2016 · 5 posts · 5 votes
7y
I had the chance to be around RE a little bit growing up, some friends and fam had properties. With that exposure early on, right out of college I did a handful of wholesale or lease option deals after maybe 2-3 months of serious effort. Reading J Scott's book on rehab costs helped tremendously on being realistic with your numbers.
Stayed frugal with lifestyle costs, kept wholesaling for around 2 years before buying a fix and flip, then rolled my profits from that into my first two rentals which were conveniently on two side by side lots and sold in one transaction. Bought another duplex one year later and the quest goes on!
Multi-Family Syndicator · Abington, MA · Member since 2017 · 603 posts · 347 votes
7y
Spent a few years reading and learning but connecting with others in the game. Then I personally started investing and have not stopped since. Timeline in everyone's case is different but took me a few years because I wanted to understand if I could truly understand the stock market where majority of my capital already was. Once, I realized I was spending too much time trying to learn something instead of focusing on something that I truly understood with real estate... That was the shift. The trick from there was to get out of my own head and go for it. Had the support behind me as I mentioned, I network well my whole life and was able to ask questions and get feedback from those doing it around me.
San Antonio, TX · Member since 2019 · 930 posts · 836 votes
7y
@Spencer William Quesenberry
I bought a house 9 years before I started educating myself on RE, and my second one 4 years later. I didn’t actually get into it until I sold that second house after owning it 2.5 years and realized I made like $25k profit without knowing what I was doing.
Developer · Cincinnati, OH · Member since 2018 · 1k+ posts · 3k+ votes
7y
Read Robert Kiyosaki's book "Rich Dad, Poor Dad"...then got the No Money down system by Carlton Sheets and in less than 30 days got my first owner financed deal.
BP was not around when I started...so I had to learn from BOOKS. :)