Weare, NH · Member since 2016 · 59 posts · 23 votes
i am very new to the rental income bussines and just looking for advice and general knowledge about the bussines. I am always looking for opportunities to make extra money. I currently work full time and have a couple of side jobs. Right now I am currently looking at a duplex in Weare nh ( my home town) trying to run some numbers and figure out if it is doable.
I'm part of a real estate team based out of Bedford. I took a quick look at your other post about the duplex and I would be more than happy to help you run some numbers on it. There is a rental property calculator available on BiggerPockets. I believe you get to run one free report (generally you have to have a subscription to use it), so that might benefit you when trying to figure out the cash flow.
Hi Nate Wilson we are both just starting out and you won't believe these two stories.
Last month I searched meetup.com and found a local investor group in Indianapolis (I am sure your locale has similar groups). Part of the meeting welcomed attendees to share their 2016 REI goals. The group voted my goal the best of 2016 and awarded me a free iPad 4! That was really motivating :)
As if that weren't cool enough, after the meeting one of the members told me about his favorite networking community, bigger pockets. I log into bigger pockets and set up a keyword for "Indianapolis." Then two weeks later I get a notification that a retiring landlord Jay Hinrichs wants to give away a free duplex to a young investor in the area, whom can rehab the property, post pictures online for others to learn, rent the property, and donate $50 /mo to charity.
The power of finding your communities and interacting with professionals is incredible. Kudos to you for getting active in the bigger pockets community!
does anyone know any good information for the basics? I have been looking under the podcast and under startup but some of those articles are a little over my head, or information I am not really concerned about ta the moment.
right now I have been trying to do research on property analysis and running the numbers and what they mean.
@NateWilson For some education check out the Education drop-down above and go to Guides and check out the Ultimate Beginners Guide and then go to the Free Course tab under Education too. That will get you moving in the right direction.