newbie from colorado

4 Replies

Hey Everybody my name is Dana Randall, Im a 9-5 mechanic, with three young boys. I'm very new to real estate, I just recently took a Success Path 3 day class, and I left the class feeling very excited and motivated but I still have a lot of questions and hesitation about how to start investing. My main goals for becoming a real estate investor is to set my kids up for college and make enough income to cover what I use to make in the automotive industry. My wife and I are working on doing some research and networking to build a team. I'm glad I have found this community and we look forward to the relationships we will build here.   

Welcome to BP... I live in Denver. I use a buy and hold method. My method is a take on the Lease-Option. You should read the Rich Dad Poor Dad series. Including the Rich Dad Advisor series. Get educated. I have 3 properties in my portfolio. Looking to add 2 more this month if all goes well.

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@Dana Randall welcome. I too started in RE by trying to figure out how to fund my kids education. It's become much more than that. I don't know what Success Path is but I'm sure with few hours here you can get a bunch of your questions answered. The search feature in the upper right hand corner is great. Unless your question is very deal specific, it's likely that it's already been asked a dozen times so the search feature is great. 

Come out and meet the folks at our local meetup. This is the link to the February one but the schedule for the year is in this post and the location doesn't usually change. 

Set up some keyword alerts and you will know what's happening locally.

Happy investing.

@Dana Randall

Welcome. Fill in the foundation below.

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

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

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.

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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