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Updated about 11 hours ago on . Most recent reply

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Mark Soreco
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New to Bigger Pockets, lots of questions

Mark Soreco
Posted

Hi all from Jamul, CA!  Looking to learn more about value-add multifamily investing, the one property we own other than our residence is an 8-plex in Idaho and I have some cash but at the moment no employment income... interested in properties across the US, preferably nearer to the West but open to all regions.

I did recently stumble upon an interesting multi-family located in South Carolina and contacted the realtor, seems promising but I have no idea what to do with it, LoL!

So next steps I see are (1) how to start making connections - agents, property management, contractors, financing;  (2) where to learn what I need to learn to pursue value-add properties?  I've purchased investment properties before but never anything that needed much work; and (3) do I need to get some personal income coming in before I'll be able to get approved to buy another investment property?

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Ken M.#4 All Forums Contributor
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Ken M.#4 All Forums Contributor
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Replied
Quote from @Mark Soreco:

Hi all from Jamul, CA!  Looking to learn more about value-add multifamily investing, the one property we own other than our residence is an 8-plex in Idaho and I have some cash but at the moment no employment income... interested in properties across the US, preferably nearer to the West but open to all regions.

I did recently stumble upon an interesting multi-family located in South Carolina and contacted the realtor, seems promising but I have no idea what to do with it, LoL!

So next steps I see are (1) how to start making connections - agents, property management, contractors, financing;  (2) where to learn what I need to learn to pursue value-add properties?  I've purchased investment properties before but never anything that needed much work; and (3) do I need to get some personal income coming in before I'll be able to get approved to buy another investment property?

Welcome!

Yeah, get started. :-)
If you're that far along, waiting around to get older is just that, waiting around to get older. Just joking of course. But, you may want to learn how an investor does things, because you've got a little bit of catching up to do.
Here are some options, that don't need banks, click the link for more
https://www.biggerpockets.com/forums/517/topics/1266605-here...



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