New Member (From Montana) Any advice?!

6 Replies

Hello! I'm Jae. I'm a new member who is currently living in Montana, but originally from the DMV area.

I'm super excited I stubble across the BP podcast and this website! You guys are AMAZING, and I'm looking forward to learning.

Do you guys have any advice on where to actually start when it comes to investing? I feel like the first thing I need to do is run out and get a loan from a bank! But I'm not too sure if that's the right move for the type of investing Im interested in doing. Any advice??

@Jae Cunningham

Welcome to BP! this here is the place to learn. 

I live in Columbus an invest in the Columbus and laurel areas. There are plenty of opportunities out there if you do a little digging. 

What are you considering to get into? 

Welcome @Jae Cunningham !  I hail from MT, south of Missoula in Hamilton.

Seeing what you qualify for loan-wise isn't a bad move.  If you will be working with a realtor, they will certainly need to see a pre-qual.  A lot of us on here work directly with sellers off-market.

Check out the beginner guides under Education up top.  Also check out the podcasts.  May help you narrow down your specific niche.  See ya around the site! 

@Jae Cunningham

Welcome to the site.

1st thing I would do is get pre-approved from a bank then hookup with a realtor and check out some potential rental properties in your area.

How familiar are you with the different types of real estate investing strategies out there? (wholesaling, buy and hold, rehabs, lease/options, etc.) Is there one that interests you the most? Getting pre-qualified might not be a bad idea, although would you have money for a down payment if the right deal came along? If not, you would probably need to partner with someone who does or your pre-qualification might be pretty ineffective.

I've been a full-time real estate investor in Billings for about 5 years. I'm also a licensed realtor and can help you pinpoint a path in this area, if you're looking for something. But regardless of which path you choose, stop listening to the radio in your car and download every single BP podcast ever. It's one of the best educations available.

@Ryan M.  

I love it! "stop listening to the radio in your car and download every single BP podcast ever. It's one of the best educations available".

SO TRUE! 

@Ryan M. Thanks!

I think I'm a bit interested in both Wholesale, and buy and hold. As far as having them money for a down payment I currently have some money saved up, and I also qualify for the VA loan since I'm a veteran.

I do like your idea of connecting with others and trying to possibly do a joint deal. I have a greater understanding of markets back east in the D.C. area. The area has been BOOMING for the last 5 or so years and it doesn't look likes its going to slow down....

and trust me I'm listing to the BP podcast EVERY day, and researching like crazy.

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