My name is Donnie and I'm excited to start my adventure with Real Estate. I was born and raised in Louisiana and at 18yrs. old decided to join the military. In 2003 I left for U.S. Navy bootcamp in Great Lakes, Illinois. I was fortunate to serve 9 years and travele the World. In 2007 I was introduced to the book Rich Dad Poor Dad and it has stuck with me this entire time. I always thought that real estate "could be" an avenue for wealth building. Now in 2015, 3 yrs post military, I'm settled near Bartlesville, OK which is about 40 minutes north of Tulsa and I'm looking to grow in my knowledge of real estate. About 2 weeks ago (Aug 5, '15) I came across BP in a google search for something related to real estate. I downloaded episode 1-20 of the podcasts and have been binge listening ever since! I'm excited to learn and grow with everyone here on BP. Thank you Josh and Brandon for the platform in which I hope to grow from.
Welcome to BP! I am gathering intel on Tulsa. Happy to share info.
I'll bet you're glad to be settled. Tulsa is a great area to invest in real estate.
Study as much as you can, but don't get "paralysis by analysis". At some point, the best move you can make is to buy your first investment property, especially with the potential for interest rates to rise in the near future.
Best of luck to you in your investing.
Welcome to BP! This is a great place to learn and network. Soak it all in. I am military myself...what are your plans with real estate?
Welcome to BP @Donnie Martens , this is a great forum resource for you and your REI needs. Listening to the podcasts is a great way to immerse yourself into the REI mindset. Keep that up and try to do a little homework each day... analyze a different deal every single day. It doesn't have to be a REAL deal, find something in your comfort zone (area and price) from the MLS and run the BP rental analysis on it... every day. After a month or so you will KNOW a good deal from a questionable one. Good luck to you!
To the BP Community:
@Curtis Yoder, @Craig Wilcox, @Nate Garrett, @Dmitriy Fomichenko, @Mark Spidellfor the kind welcome.
I'll continue learning while consuming the information on the best website. BP!!
Welcome to BP Donnie and best of luck investing!
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. This is one of my favorite features of Bigger Pockets especially for asking specific questions.
Hi Donnie - Good luck!
The podcasts are a great start! Read, read, read and go to your local REIAs. Or come to OKC and come to ours... there are 2 here - both on Thursday nights.
Here is one of Tulsa's (You can find through Meetup.com - just search under real estate)
Use the forums to help you analyze a deal, but as soon as you can... buy a property! It's pretty cheap here and you definitely want to target more than $100 a door here.... One bad tenant will wipe out your $$ for the year! At least $200 in OK is good. (And the 1% rule, and 50% rule - look these up on here)
Remember - this site is not about gurus. I met a guy in Tulsa that spent over $80,000 on his "education"... that's a down payment on a few houses... just be nice, talk to people, take them to lunch and they will help you. And/or hire local mentors when you are ready... but read everything you can get your hands on first so you aren't wasting your $$ on introductory stuff that's in every Real Estate Investing Book 101.
Go to the Tax Assessors' website, play around with it a little by looking up properties.
Read J. Scott's books - really helpful in figuring out costs.
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