New Kid on the Block- Greenville, SC

Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes

Hey everyone, my name is John. My eyes have recently been opened to the investing (particularly real estate) world as I read Rich Dad, Poor Dad. I am only eighteen years old and just graduated from high school. I can't wait to learn and get started.

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Chris Vacek
Involved In Real Estate · Scarsdale, NY · Member since 2014 · 52 posts · 13 votes
12y
You are well on your way John! Welcome to BP. I work with people every day looking to make the move from NY to SC in the search for lower property taxes.
Sites like this one are a great resource for general info/learning but don't forget to keep your eye on your local market. You may be young but try getting in touch with an agent in your area and getting set up with a search. The more you know about your local market the better positioned you will be to take action once you are ready.
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
That's good to know. Thank you, Mr. Vacek. I will look into finding an agent!
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
Where would you suggest I begin, as far as buying a house first or renting a house out that I've flipped? I am staying home while attending school so I have a place to stay.
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Dave VisayaPro Member
Moderator
Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
12y
Hey @John Tucker welcome to BiggerPockets! It is great to have you! You are actually on the right path on learning real estate investing, especially at a young age. You should check out the Ultimate Beginner's Guide by Brandon Turner.
If you like, you can check this quick guide to learn how to use BiggerPockets to grow your business: http://www.biggerpockets.com/biz
See you around!
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Brandon TurnerPro Member
Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
12y
Hey @John Tucker welcome! You've definitely come to the right place to learn more about investing. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast. They are both great at learning the fundamentals.
Also - here's a couple articles you might enjoy:
The 21 Best Real Estate Investing Books Ever
How to Start Investing In Real Estate at a Young Age
Oh - and don't forget to set up your Keyword Alerts!
See you around the site!
Podcast Guest on Show #92
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
Thanks for reaching out guys! I am actually just starting chapter 2 of "The Beginner's Guide to Real Estate Investing". @Brandon Turner how do you find out which kind of properties are right for you?
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Brandon TurnerPro Member
Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
12y
Hey @John Tucker - good question. I think it's found at a convergence point between:
1.) What you are passionate about (the more you read, the more you'll find that out.)
2.) What works in your location (some areas are better/worse for certain things)
3.) What you can afford.
If you can find a property type that fits within all three of those areas, I think that's probably the best thing to move forward with! But, honestly, it's kinda like learning how to Strum on a guitar. It kind just happens naturally after playing a while!
Podcast Guest on Show #92
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
@BrandonatBP Awesome, I am half way through the Beginner's Guide and I am getting more of a grasp on things.
One more question: What do you think about "flip-ins"? When someone lives in the house they are flipping so they don't have to manage two properties at once, at least while starting out.
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
@Brandon Turner
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
12y
@John Tucker
welcome to the site.
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Brandon TurnerPro Member
Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
12y
I love "flip ins" - but it's not always easy. My first house ,ever, I did that way. Bought for 80k, put 20k into it, sold for 130k a year later. Awesome way to jumpstart your investing if you can handle living in a construction zone :)
Podcast Guest on Show #92
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Brandon TurnerPro Member
Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
12y
@John Tucker
Podcast Guest on Show #92
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
Thanks, @James Wise ! Sounds great to me, @Brandon Turner . I may just do that!
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Michael Westberry
Wholesaler · Rock Hill, SC · Member since 2014 · 137 posts · 30 votes
12y
John, I just sold my house in Greenville, SC and it was bittersweet. Love the area and welcome to the site!
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MaryAnn Morelli
Property Manager · Greer, SC · Member since 2013 · 51 posts · 14 votes
12y
Welcome! The Upstate is a great place to live and to invest. The market is terrific especially for Buy and Hold. We rent our properties as soon as we have a vacancy -:) -- love it!
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
Thank you @Michael Westberry ! Where was the home you sold located?
I see you live around here! I do have a question for you. Since you live in
Greer, do you think investing in a foreclosure right outside of downtown, off of Trade
Street would be a good idea? Considering you and Buy and Hold, what is your opinion?
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
@MaryAnn Morelli that message above was meant for you!
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MaryAnn Morelli
Property Manager · Greer, SC · Member since 2013 · 51 posts · 14 votes
12y
Hi, Off Trade Street might be a okay. Send me the address in a PM and I'll send you a rental market analysis. It's a good location, a number of nice restaurants, businesses and offices in that area.
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Michael Westberry
Wholesaler · Rock Hill, SC · Member since 2014 · 137 posts · 30 votes
12y
Hey @John Tucker there are definitely some great neighborhoods for buy and hold around downtown. The thing with Downtown Greenville is that every neighborhood is different.
Trade street is a pretty good area. The only thing I am worried about is the prices. Does the home have a good price to rent ratio? And how much work does the house need?
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
Honestly, I have no idea. The house needs a lot of work and would most likely create a lot of negative cashflow since it is so old and needs a lot of TLC.
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John Tucker
OP
Real Estate Agent · Greenville, SC · Member since 2014 · 38 posts · 7 votes
12y
@Michael Westberry
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Michael Fortney
Taylors, SC · Member since 2014 · 23 posts · 4 votes
12y
Hello John,
Make sure you check out the podcasts also, I am similar to you and just getting started and these have really helped open my eyes to the world of real estate investing! Let me know if you ever want to get together and discuss this interesting path in investing!
Michael
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