Newbie in Richmond, VA

9 Replies

Hi All,

So I have wanted to get involved in Real Estate Investing forever, but I just don't know where to start. I look forward to learning from everyone here, and hopefully down the road, helping others in my situation!

 @Kevin Corbett :

I'd strongly suggest getting involved with the Richmond REIA. I attend there every meeting. RichmondREIA.org will take you to their Meetup. You'll meet a lot of like minded people. I'm an active wholesaler between Danville and Richmond, VA. I work both markets. Feel free to shoot me a message.

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Welcome to Biggerpockets Kevin. I am in STL please let me know if you need anything. 


In the meantime here are 9 tips to help you grow your business using BP:

1. New to BP? http://www.biggerpockets.com/starthere

2. Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

3. Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

4. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades" Even though I am.

5. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan. http://www.biggerpockets.com/files

6. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

7. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

8. Spend some time every day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet

9. Set yourself up to receive free alerts to be notified of subjects that interest you: http://www.biggerpockets.com/alerts

@Kevin Corbett  

Welcome. Time to build the foundation below.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

Thanks everyone for your responses. Looks like I have some great ideas to get started with. I will say I listened to two podcasts today, and already feel like I have gained some "insider" advice. I look forward to learning from the group and hopefully becoming a productive member!

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