I'm looking to get into rental properties. I've just recently started getting my feet wet, but I have tons to learn.
Welcome @Brett Kabel ! Glad to have you and thanks for sharing!
Rental properties are a great long-term strategy. If you haven't yet, check out the guides and podcasts under 'Education' up top. Listen and read and learn! See ya around the site!
Welcome the forums. Tons of great info on here. If you haven't done so already check out the podcasts. Some awesome ideas on there.
Thanks Steve and James. I'm just getting started navigating around the site. It is super informative around here!
Welcome to BP Brett!
I'm sure you'll feel at home here.
Originally posted by @Brett Kabel :
I'm looking to get into rental properties. I've just recently started getting my feet wet, but I have tons to lea
Hello and welcome! One of the first lessons and many others said that you can learn real estate education will go on forever. It really depends when you are ready to take Action. You need to learn guide a bit before you get started. Rental property is a greet opportunity for anyone. The more you get the more you will make. One guy I have listened to made me want to buy, fix and flip for higher priced houses because you can concentrate on good contractors and update the home and make more money. It is all about location and what is happening in that market. The best time to buy is when the prices there move up. If you think I could help you please contact me at any time. I am 59 years old and I am still learning on BP. I have been in the construction business since I was 17. Good luck!
Welcome to the vibrant BP community. Your time here will be well spent.
Since you expressed an interest in rentals, I added three links below for your review.https://www.biggerpockets.com/renewsblog/2015/03/27/financing-options-rental-property-guide/ (financing options for rentals) http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)
http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)
Now that you have made the move, below are some links that will help with the navigation of the site.
- Setting up Keyword Alerts
- How to Use @Mentions on BiggerPockets
https://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)
https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)
Before your 1st purchase, please ensure you visit the below link for some tips.
REI books suggested by BPers
https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)
Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.
Feast on the Podcasts, #askbp Podcasts, blogs and webinars
Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational, thought provoking ideas relevant to REI.
Thanks everybody, my time here is going to be more reading than posting for a while.
Buy properties in life that make good rental property investment sense and first live in them as a personal residence. Depending on your personal goals, there may not be enough of a spread between what you will pay out monthly in mortgage, taxes, and utilities and what you can charge. Real estate is high risk as there are many things that can go very wrong. If it sounds too good to be true, be very careful.
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