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Updated over 9 years ago on . Most recent reply

User Stats

16
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Nathan Sharp
  • Investor
  • San Antonio, TX
50
Votes |
16
Posts

Hello BP

Nathan Sharp
  • Investor
  • San Antonio, TX
Posted

My name is Nathan, I am 27 and I live outside of San Antonio with my wife Dominique and our three dogs, Mo, Valentino and Bane. I am a field technician in the oil and gas industry. I have been studying REI for the past year and a half or so. In 2015 I was able to cut our bills in half, raise my credit substantially and purchase my first home, which I am treating as a live in flip until we decide to move at which time I plan to get renters in it. In 2016 I intend to purchase my first non-owner-occupied rental. I am interested in multi family buy and hold but I am still open to other investment options. I look forward to engaging with the BP community more this year!

Most Popular Reply

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1,350
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688
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Linval T.
  • Investor
  • Bay Shore, NY
688
Votes |
1,350
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Linval T.
  • Investor
  • Bay Shore, NY
Replied

@Nathan Sharp

Welcome to the vibrant BP community, where you will find like minded individuals committed to REI and also helping others succeed.

Your time on this social media site will be well spent.

You have taken the 1st step by announcing your readiness and commitment to embark on a REI career.

Since your interest lies in multifamily units, I added the pertinent links below for you to review the blogs and listen to the podcasts.

https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a smail multifamily property)

http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/ (guide to buying a duplex)

https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)

The bottom line is that you must take action to start.

Don't get bogged down with analysis paralysis. You must take risks, but, ensure that they are calculated risks.

Below are some links to get you started.

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

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)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Before making your 1st REI purchase please visit the link below for some useful tips

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Continue to 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 and thought provoking ideas relevant to REI.

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