My wife and I have recently decided to start investing in real estate and are excited to have found the BP community. Looking forward to learning from the group and resources here.
That’s awesome - it’s such a great time to get started. If you’re open to exploring different markets, Memphis has been a solid cash-flow area for new investors and now is a great time to jump in because we are in somewhat of a market freeze where sellers are more negotiable to get rid of properties but lots of buyers are holding waiting for interest rates to drop. Now is a good time to " Zig when other people zag " . Let's connect!
Welcome, Justin! Great to have you both here. This community is such a solid place to learn! Lots of real people sharing what actually works and what doesn’t. What kind of investing are you leaning toward? buy and hold, flips, or house hacks?
My wife and I have recently decided to start investing in real estate and are excited to have found the BP community. Looking forward to learning from the group and resources here.
Thanks,
Justin
Are you funded or are you looking for funding? Are you open to out of state investing or are you going to stay in CO?
We are interested in funding options. We are also open to investing out of state.
a lot of people use VA which is zero down and FHA which is 3.5% down but you have to live in the property for the first year. Some other lenders have "Low down" entry level loans. So, those loans typically have PMI insurance and add a cost to the monthly payment.
So, for instance a $400,000 house with a 3.5% down ($14,000) looks like this
And a $400,000 property bought using what we teach, Seller Financing looks like this, Same loan two years into it, $384,374 remaining on loan at 4% = $2,216 payment. That's a $731 dollar a month savings and that means cash flow.
We are offering a spreadsheet that calculates these for you, for free. Just reach out to me at
If you are new and looking at buying a property or a house, or other real estate, I’d compare cash to financing, to offering creative financing to the owner. You might be surprised that they are open to creative financing and you will benefit significantly.
If you’re open to out of state investing, Cleveland and Columbus, OH are great markets to look into. Both have solid multifamily inventory that still cash flows, especially compared to higher priced areas.
STRs can work in certain pockets near hospitals, universities, or downtown districts but most investors here lean toward long term rentals, either private pay or Section 8, for stability and less management overhead.
My wife and I have recently decided to start investing in real estate and are excited to have found the BP community. Looking forward to learning from the group and resources here.
Thanks,
Justin
Welcome to BiggerPockets Justin, and congrats to you both on taking the first step into real estate investing! Super exciting time and this community is an awesome place to learn and pick up momentum. Since you’re just getting started, I’d definitely recommend taking some time to study different markets and strategies so you can figure out what fits your goals best. If you’re looking for a strong cash-flow market with long-term appreciation potential, Columbus Ohio is one worth researching. I moved from Portland Oregon to Columbus in 2020 to invest and now own 10+ rentals here, and the fundamentals are really solid—population growth, job growth, and massive developments like Intel, Amazon, Google, Honda, Microsoft, LG, and more moving in. You can still find properties in the $120–180k range hitting the 1% rule and cash flowing, plus it’s very landlord-friendly which helps new investors. Excited for your journey and happy to connect and answer any questions you have!
Hi @Justin Wilson Welcome! Real estate is a powerful wealth-building path, and this community is an excellent place to learn, connect, and get support.
Welcome to BiggerPockets, Justin! Great to have you here. It's smart to start exploring investor-focused financing options early on. Programs like DSCR loans are tailored for rental properties and qualify based on the property's income, making it easier to scale your portfolio faster. Feel free to reach out anytime if you'd like to dive deeper into the numbers!
That’s awesome - it’s such a great time to get started. If you’re open to exploring different markets, Memphis has been a solid cash-flow area for new investors and now is a great time to jump in because we are in somewhat of a market freeze where sellers are more negotiable to get rid of properties but lots of buyers are holding waiting for interest rates to drop. Now is a good time to " Zig when other people zag " . Let's connect!