Jerold Bliss - new, 0 properties - north of Chicago

7 Replies

Hi everyone, I'm Jerry, new to bp, real estate and investing in general. Found this site by reading every single article on a specific website. I plan to follow a buy and hold/slow flip strategy. I've been itching to get into real estate investing for months now, listening to podcasts and watching the bp webinars as much as possible to amass all the info I can fit in my brain. I think my first step is getting my ducks in a row as far as tax entities and strategies before I make that first purchase so I know everything will flow smoothly as I progress through the world of real estate. If anyone has cpa referrals or beginner advice it would be greatly appreciated.

@Jerry Bliss

Welcome. Check out Amanda Han she is an active on BP real estate CPA. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). You can Google to locate them and go to meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul 

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