New to BP: Beginning Investor

Investor · Springfield, VA · Member since 2015 · 35 posts · 6 votes

Hi all. My name is Raju Pothuraju and I am a real estate investor who ended up with three out of state properties acquired during the last housing bubble. I would like to follow John Schaub's advice of buying single family homes in my town (SpringField, VA) with a buy and hold strategy to build wealth.

Two of my out of state properties are in Dayton, OH area(positive cash flow) and one in SOcal (negative cash flow but solid equity).

Since I mainly jumped into real estate investing about 10 years ago without really having a plan I am all ears to any advice you may have as I get back into investing.

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Michael S.Pro Member

Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes

11y

@Raju Pothuraju

Welcome to Biggerpockets. Great to have you here. You can start by going to Learn. You can find a lot of strategies that can go with your experience. Good luck in your REI journey

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Michael S.Pro Member
Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
11y
@Raju Pothuraju
Welcome to Biggerpockets. Great to have you here. You can start by going to Learn. You can find a lot of strategies that can go with your experience. Good luck in your REI journey
1 Reply
Account Closed
San Jose, CA · Member since 2015 · 132 posts · 50 votes
11y
Welcome to BP, Raju. I strongly recommend checking out the podcasts for information on everything real estate. I have no doubt you'll learn many tips, tricks, best practices, strategies, etc.
1 Reply
Account Closed
Real Estate Investor · Hyderabad, Andhra Pradesh · Member since 2015 · 202 posts · 12 votes
11y
Hi @Raju Pothuraju
Welcome to BP Family! Hope you will get good information related to Real Estate Investments.
Good Luck!
1 Reply
Brandon TurnerPro Member
Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
11y
Hey @Raju Pothuraju 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 "Springfield" so you'll be notified when people mention it here in the forums.
Thanks again for introducing yourself!
Podcast Guest on Show #92
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Darrin CareyPro Member
Lender · Dayton, OH · Member since 2008 · 1k+ posts · 705 votes
11y
@Raju Pothuraju
Welcome to BP! There's a great community of people here.
You're one of many people who have invest in my area for the cashflow. Both coasts have a hard time buying cashflow locally.
Since you've had properties for a decade, you experienced some of the ups and downs.
Learn from your experience, learn from others here and elsewhere, and forge ahead.
1 Reply
Raju Pothuraju
OP
Investor · Springfield, VA · Member since 2015 · 35 posts · 6 votes
11y
Originally posted by @Account Closed:

Hi @Raju Pothuraju
Welcome to BP Family! Hope you will get good information related to Real Estate Investments.
Good Luck!
Hi Account Closed
Thank you. I notice that you are from Hyderabad, Andhra Pradesh! I was born in Andhra and am interested in knowing how real estate investment is going for you in Hyderabad?
0 Reply
Raju Pothuraju
OP
Investor · Springfield, VA · Member since 2015 · 35 posts · 6 votes
11y
Originally posted by @Darrin Carey:

@Raju Pothuraju
Welcome to BP! There's a great community of people here.
You're one of many people who have invest in my area for the cashflow. Both coasts have a hard time buying cashflow locally.
Since you've had properties for a decade, you experienced some of the ups and downs.
Learn from your experience, learn from others here and elsewhere, and forge ahead.
Thanks @Darrin Carey. I would like to connect with the many people that invest in your area who are out of state in order to expand my network and possibly continue to invest there instead of Springfield.
0 Reply
Mike Baker
Contractor · Blackfoot, ID · Member since 2013 · 149 posts · 52 votes
11y
Welcome!
This really is the best of the best, in my opinion.
Glad to have you here. Dig and dig deep.
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John O'Leary
Lender · Orlando, FL · Member since 2014 · 335 posts · 24 votes
11y
@Raju Pothuraju, Welcome to BiggerPockets! Make sure you check out the podcasts here; they are really helpful. Good luck and feel free to message with any questions!
0 Reply
Dmitriy Fomichenko
Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
11y
Welcome to the site @Raju Pothuraju Bigger Pockets is the most innovative and educational site available to learn about real estate investing.
Wishing you the best!
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Bryan C.
Investor · Spokane, WA · Member since 2014 · 733 posts · 155 votes
11y
@Raju Pothuraju, these guys are right on the money with checking out the podcasts, researching, and networking. I am an out-of-state investor for the Ohio area and it is going great for me. What are your goals or what are you trying to achieve? What is your comfort level and how do you plan to acquire more property?
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Account Closed
Real Estate Investor · Marysville, OH · Member since 2014 · 242 posts · 196 votes
11y
@Raju Pothuraju, Welcome to Bigger Pockets!
0 Reply
Timothy Murphy III
Real Estate Broker · Cleveland, OH · Member since 2012 · 771 posts · 252 votes
11y
@Raju Pothuraju
Welcome to the forums.
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Raju Pothuraju
OP
Investor · Springfield, VA · Member since 2015 · 35 posts · 6 votes
11y
Thank you all for the welcome messages and recommendations. I have been listening to pod casts in BP and reading the pages on REI. I will also give my input on relavant posts that match my lessons learned and my personal experience obtained
0 Reply
Mark Nolan
Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
11y
@Raju Pothuraju
Welcome to Bigger Pockets. BP is full of resources. You will find resources here from blogs to pod casts and forums. You can also send messages to members which is my favorite part of the website.
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