New Member from Dallas, TX!

[Amma Boateng]

It's 6:15 in the morning and I have been lurking this site for a few days and finally signed up to be a part of this community! I'm already learning so much. I'm glad to be here.

I want to start my REI journey, something an old friend suggested I do years ago. I was unsure and lacked the knowledge to even consider it then. The whole home buying process overwhelmed me. But after almost 8 yrs of homeownership, I want to start building some wealth and learn the business of real estate investing. It is still overwhelming, because I have so many questions, but Im willing to learn.

I want to rent my current property and downsize to something smaller within my budget (condo or townhome) while buying other potential properties as rentals. I'm not married, no children, and I think it's an ideal time for me get started. Thanks for having me and I look forward to the journey ahead. :)

[Andrew Cordle]

@Amma Boateng

Hello "BP Newbie" and welcome to Bigger Pockets. 

I like the idea of renting out your house and downsizing to hopefully create some income and put you in a better position to build you REI business. 

In the meantime here are 7 tips to help you grow your business using BP:

1. New to BP?

2. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades"

3. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan.

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

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

6. Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums:

7. Set yourself up to receive free alerts to be notified of subjects that interest you:

Andrew