Looking to Take the Leap

[Christopher Caldwell]

A friend of mine at work turned me onto this community and here I am. I’ve been nervous about taking the leap into the rental property business, but I’m convinced that with the right network and knowledge based community of like minded individuals, I will make my first investment by this spring. Any help for newbies to include locations that you have found success with would be greatly appreciated! Thank you in advance. 

[Alfath Ahmed]

Quote from @Christopher Caldwell:

A friend of mine at work turned me onto this community and here I am. I’ve been nervous about taking the leap into the rental property business, but I’m convinced that with the right network and knowledge based community of like minded individuals, I will make my first investment by this spring. Any help for newbies to include locations that you have found success with would be greatly appreciated! Thank you in advance. 

Hi Christopher! Welcome to Bigger Pockets. The world is your oyster and if you can think something then you can do it as Napoleon Hill mentioned in his book "Think & Grow Rich". That is the concept that I lived and still live by.

I would first recommend finding your core 4 and reading as many bigger pocket books as you can. I personally read "BRRRRR" by David Greene and "Multi-Family Millionaire" Vol 1 & 2 by Brandon Turner. Those 2 concepts will really help you grasp how to get started in real estate and SCALE SCALE SCALE!

If you are house-hacking, I would choose a B+ location or better because you will not get too many opportunities to house-hack. You can use an FHA loan conventional 5% down loan (Find one without a PMI) that has great loan terms.