Newbie Investor

[Brandon Gamblin]

I just want to introduce myself because I didn't at first. But my name is Brandon Gamblin and I’m a rookie investor. I've been learning the trade (consistently) for about 3 months now and I’m getting closer and closer to my very first deal the more I network with different agents, rehabbers, investors etc. There are a lot of things that I feel I MUST know so I will be asking a lot of questions. My ultimate goal is to build up enough capital from residential profits to buy commercial property with a lot of units out right so I won’t have to worry about a paying a mortgage along with taxes insurance, maintenance and management. I want to acquire at least to commercial properties in this manner before I retire. I’m only 28 so it looks like I’d be able to do more by the time that comes. Does anyone have any advice for me on this new career endeavor? I’m humble enough to listen and my ears are wide open to what everyone has to say. GOD bless everybody that is a part of BiggerPockets and I hope to do deals with some of you one day. :-)

[Paul Timmins]

@Brandon Gamblin

Welcome. Great time to get started build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 50 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Good Luck

Paul

[Dustin Griffin]

Welcome Brandon and congratulations on your pursuit into the exciting world of real estate investing. Take Paul's advice above and definitely connect with your local real estate club so you can network with like-minded investors. Best of luck to you!

[Brandon Gamblin]

Originally posted by Account Closed:
@Brandon Gamblin

Welcome. Great time to get started build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 50 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Good Luck

Paul

Thank you Paul for all the valuable advice you just gave me. I have some questions though. #1. I know that HUD is the Housing and Urban Development agency but how does that relate to the small multi's owner occupancy?

#2. And are you saying that I can profit from student housing as well?

[Brandon Gamblin]

Originally posted by @Dustin Griffin:
Welcome Brandon and congratulations on your pursuit into the exciting world of real estate investing. Take Paul's advice above and definitely connect with your local real estate club so you can network with like-minded investors. Best of luck to you!

Thank you a LOT Dustin and your words of encouragement are really appreciated! Thank you!

[Paul Timmins]

@Brandon Gamblin

Visit HUD.gov search for the properties in your area. When they sell they give first considerations to people who will live in the property before investors. If you buy a duplex or 3 family you can live in 1 unit and rent the others.

Student housing is a great way to go. If you locate a property for rent with alot of bedrooms you can rent it out to students per bedroom.

Good luck

Paul

[Brandon Turner]

Hey @Brandon Gamblin Thanks for introducing yourself! It's great to have you here! Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.

Oh - and be sure to set up some Keyword Alerts- especially for "Saint Louis" so you'll be notified when people mention it here in the forums.

Thanks again for introducing yourself!

[Brandon Gamblin]

Originally posted by @Paul Timmins:
@Brandon Gamblin

Visit HUD.gov search for the properties in your area. When they sell they give first considerations to people who will live in the property before investors. If you buy a duplex or 3 family you can live in 1 unit and rent the others.

Student housing is a great way to go. If you locate a property for rent with alot of bedrooms you can rent it out to students per bedroom.

Good luck

Paul

Thanks again!

[Brandon Gamblin]

Originally posted by @Brandon Turner:
Hey @Brandon Gamblin Thanks for introducing yourself! It's great to have you here! Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.

Oh - and be sure to set up some Keyword Alerts- especially for "Saint Louis" so you'll be notified when people mention it here in the forums.

Thanks again for introducing yourself!

Your welcome Brandon! And thanks for the links as well! I'm already checking them out.

[Ramon Jenkins]

Welcome to biggerpockets and good luck with your Saint Louis investing.