Updated over 3 years ago on . Most recent reply
I'm new. Help! Looking for advice and tips on getting started!
Hey All,
As I said, I'm new to this, to investing in real estate. I was an agent in the past (long time ago) but always wanted to get into the investing side, not that my wife and I have settled in Connecticut I want to start investing in multiple unit properties in my area.
I'm looking for blogs, books, and general advice to help me get started. I would also like to grow my network.
I'm specifically looking for advice on the financial side, the advantages to a HELOC or personal investment, how those are paid back, how to continue investing after the first property.
But really anything would help, any and all resources to help me get started in this journey.
Most Popular Reply
Hi Ross,
I am glad you are getting back into real estate. I always recommend the book “Rich dad, Poor dad” by Robert T. Kiyosak to anyone who is starting out. Start listening to the BiggerPockets podcast starting at the very beginning. Start growing your network, look on Facebook/BiggerPockets for different events, find a mentor who is doing what you want to do, and get to know the local lenders/brokers. I would try to also pin point where you want to start investing. Is it in Conneticut? Or is it out of state?
Personally, I think you should consider investing OOS here in Columbus or Cincinatti. The price to rent ratio makes for great investments. Not to mention our appreciation has been 8% higher then the US national average, because of the high demand for affordable housing.
Wishing you the best of luck!