New Bigger Pockets Member In St. Clair Shores, Michigan

10 Replies

Hello BP community, I am currently working as a Business Systems Analyst. I have worked for all of the big three automotive companies: GM, Ford and Chrysler in Michigan.

I have been investing in Real Estate for a few years, and view REI as one of the best sources of passive income.

I have been reading the Blogs and listening to the Podcast since May and have already learned a wealth of information.

My current plan is to seek financing to purchase a few Flips to help finance an ultimate goal of acquiring buy-and-hold multi-family apartment buildings.

Future plans may include other areas of REI.

I'm looking forward to connecting with and also meeting others in the BP community. Would like to join a local REI Club.

Reuben

Reuben:

Good morning, and welcome to BP! Here's some food for thought:

Before you make your first investment, meet with a mortgage/financial professional. They'll ask you to share your short- AND long-term goals, and then they'll help you construct a plan that will do two things:

1. Achieve your short-term goals that will produce proceeds and resources that will,

2. Give you the wherewithal to pursue and achieve your long-term goals

Many investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals. Since you're not paying a mortgage pro for consulting, it's in their best interest to give you a solid plan so you're successful.

I wish you the very best!

Grant

@Reuben Pierce

 Welcome to the BP family you came to the right place to learn all about real estate investing! Here are some 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 the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

Wishing you the best!  

@Ted Tackeberry

@Matt Beaudry

@Grant Green

@Michael Kopay

@Paul Manion

@Mark Nolan

@Dimitriy Fomichenko 

I would like to thank everyone for the great welcome, comments and advice.

Looking forward to all my new connections.  

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