Newcomer here! Looking to invest in my first property and build a portfolio, hopefully in the panhandle. Buy and hold, open to light rehab, multi-famil,and single family homes that need limited renovations. Looking to make connections with investors interested in making passive income as my goal is to invest with OPM. Also, looking to connect with brokers in the local area. Will invest in other locations if the deals makes sense. I look forward to network and all the great information this forum will provide.
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
3y
Hi Candace, welcome to BiggerPockets! This is surely the best place to start networking and learning. I always recommend the book “Rich dad, Poor dad” by Robert T. Kiyosaki to anyone 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 doing what you want to do, and get to know the local lenders/brokers.
As for opportunity areas, this will depend on what you're after:
Looking for cashflow? Look into Cleveland, its got good cashflow potential with appreciation happening as well. Looking for appreciation? Come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!
Before doing this, I would highly recommend that you start working on your core 4. You can learn more from this link here: https://www.biggerpockets.com/...
Virtual Assistant · 1850 Lee Rd Ste 347 Winter Park Florida, 32789 · Member since 2023 · 45 posts · 14 votes
3y
Welcome to Bigger Pockets! It's great to hear that you're interested in building a real estate portfolio and are open to investing in the panhandle. Your strategy of focusing on buy and hold properties and being open to light rehab is a smart one, as it can help you build wealth over time while also minimizing risk.
It's also great that you're interested in using other people's money (OPM) to invest, as this can help you leverage your capital and increase your returns. Just be sure to do your due diligence and have a solid plan in place before seeking out investors.
Connecting with local brokers is also a smart move, as they can help you find deals that meet your criteria and provide valuable market insights.
Overall, Bigger Pockets is a fantastic resource for real estate investors, and I'm sure you'll find a wealth of information and connections here to help you achieve your goals. Best of luck on your journey!
Real Estate Agent · Fort Walton Beach, FL · Member since 2018 · 144 posts · 114 votes
3y
Welcome @Candace Ganhann! I am an investor and agent in Fort Walton Beach - you're definitely in one of the best areas you can be for multiple investing strategy options and finding deals. Happy to link up and chat real estate and NW Florida anytime!
Real Estate Agent · Pensacola, FL · Member since 2020 · 210 posts · 138 votes
3y
What you’re looking to do is not that difficult with the right team behind you. Let me know if you need any help, this is exactly what our real estate team does in the area. We have four different sets of contractors that we maintain relationships with that will estimate any repairs or rehab during the inspection period.
also, if you are interested in getting involved in real estate meet ups, locally, we host a real estate meet up in Pensacola and our preferred lender post on in Fort Walton Beach. Reach out if you have any questions.
Newcomer here! Looking to invest in my first property and build a portfolio, hopefully in the panhandle. Buy and hold, open to light rehab, multi-famil,and single family homes that need limited renovations. Looking to make connections with investors interested in making passive income as my goal is to invest with OPM. Also, looking to connect with brokers in the local area. Will invest in other locations if the deals makes sense. I look forward to network and all the great information this forum will provide.
Thanks
Candace
Good afternoon, The Fort Walton Beach, Santa Rosa Beach, Navarre and Destin market will be good for long term rentals with light rehab. Panama City beach, Miramar Beach and Navarre Beach will be good for short term rentals and long term appreciation. I'd be happy to break down some of the numbers with recent projects we are doing or have done in the past to see which strategy is the most beneficial.
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
3y
Hi Candace, welcome to BiggerPockets! This is surely the best place to start networking and learning. I always recommend the book “Rich dad, Poor dad” by Robert T. Kiyosaki to anyone 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 doing what you want to do, and get to know the local lenders/brokers.
As for opportunity areas, this will depend on what you're after:
Looking for cashflow? Look into Cleveland, its got good cashflow potential with appreciation happening as well. Looking for appreciation? Come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!
Before doing this, I would highly recommend that you start working on your core 4. You can learn more from this link here: https://www.biggerpockets.com/...