New Member in New Port Richey, FL

New Member in New Port Richey, FL

New Port Richey, FL · Member since 2014 · 1 post · 2 votes

Hello from New Port Richey, FL. I've been a long time reader, but finally decided it was time to get an account and begin posting.

My wife and I have been researching and exploring the possibility of investing in some rental property in this area. We currently own our own home (in the area we plan to invest) and have a decent amount saved for our next purchase. Our plan is to start with SFH using a simple Buy and Hold approach. Initially, we will use little, if any leverage, since we both feel that will eliminate a lot of the stress and unknowns of "new territory."

I believe our area would pretty much be described as lower-middle income. Not a slum or "bad" area, but there are still plenty of short-sales and foreclosures. We are minimally handy, but not afraid to learn, and are certainly willing to do "basic" rehab work ourselves right off the bat.

We both work full-time and have no debt, so we have quite a bit of income that can be targeted towards investments!

Anyways, I really enjoy reading these forums and am looking to connect with other investors in the area. 

On a side note, does anyone know an investor friendly Realtor in the area? I understand low priced houses don't yield much commission, but waiting two and three days for basic responses seems a bit excessive!

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  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    12y

    Welcome to BP community @James Topicz It is a great place to meet new friends and learn about various aspects of real estate and more. Here are a few recommendations for you:

    Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

    Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best! 

  • Rental Property Investor · Yorba Linda, CA · Member since 2012 · 336 posts · 69 votes
    12y

    @James Topicz 

    Welcome fellow Bigger Pockets member! This is a great forum and I am sure it will help you learn many facets of the real estate investment world. I purchased my first investment property over 40 years ago and only wish that I had a resource like BP community when I got started! So you are in a good company.

    Some say that your net-worth equals your network, and this is the place to make right connections. You should also find investors locally and network with them face-to-face. Find people close to you using MEET feature, also look for investor meetings on Meetup.

    All the best!

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @James Topicz 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.

    Also - here's a couple articles you might enjoy:

    The 21 Best Real Estate Investing Books Ever

    How to Rent Your House: The Definitive Step by Step Guide

    How to Be a Landlord: Ten Tips for Success

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

    Thanks again for introducing yourself!

  • Investor · Wichita Falls, TX · Member since 2010 · 3k+ posts · 603 votes
    12y

    Welcome to BP @James Topicz , thanks for your introduction to the community! Lower middle income neighborhoods can be a sweet spot as far as rentals go. If there are still shortsales and REO's on the market, you probably have a lot opportunity around you. Take advantage of it!

    See you around the site.

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    12y

    Hey @James Topicz welcome to BiggerPockets! Definitely connect with people here. One of the best ways to do that is to be interactive in the forums so do answer, ask questions, and vote in the forums regularly. 

    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!

    BiggerPockets
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