Looking to dip my toe in from Lincoln, Nebraska

Lincoln, NE · Member since 2018 · 9 posts · 0 votes

Hello! My name is Anna and I have no real estate experience. (Hopefully BP can change that)

I spent a lot of my time looking at wealth and income-building strategies from traditional stock market investing but the numbers from different setups never seemed to match up with the kind of returns I was dreaming of and in no way would be able to replace my job before retirement (one of my longest-standing goals). I was in the library looking for more books searching for something that could motivate me when I saw a real estate book and just happened to read the first chapter. I was instantly moved and the returns outlook laid out was exactly the kind of plan I was searching for.

I look forward to meeting and learning from all of you!

Thank you.

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Ryan MahoneyPro Member

Rental Property Investor · Hastings, NE · Member since 2018 · 57 posts · 53 votes

Anna,

Here are some of my favorites:

Rich Dad, Poor Dad - by Robert Kiyosaki - Not specifically about the ins and outs of Real Estate but will change the way you think about money, income, investing, and everything related to it. It's the book that got many of us interested in investing in real estate.

The ABC's of Real Estate Investing - by Ken McElroy - Great advice here. Lots of actual advice on investing in real estate here.

The Book on Rental Property Investing - by Brandon Turner - Easy to read and the book that lead me to Bigger Pockets. Again, a lot of practical information , especially on how to fund deals and how to analyze deals.

Let me know if there is anything I can help with. There are great resources on here for analyzing deals. I know when I first started looking I found several properties I thought would be good buy and hold investments and when I ran the numbers I found they were not. Really opened my eyes. I get back to Lincoln as I have a lot of friends and family there. If you ever want to grab some Starbucks and talk Real Estate let me know.

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Ryan MahoneyPro Member
Rental Property Investor · Hastings, NE · Member since 2018 · 57 posts · 53 votes
8y
Hi Anna, Welcome to BP. I grew up in Lincoln. I just started investing in Hastings. Do you know what type of investing you are interested in? Have you started listening to the BP podcasts? They will give you a lot of examples of different types of RE investing to get into. There are a number of great books I would be happy to recommend and you will find people far more experienced than myself here on BP. Let me know if I can help in any way.
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Anna McKinney
OP
Lincoln, NE · Member since 2018 · 9 posts · 0 votes
8y
@Ryan Mahoney
Hi Ryan! I grew up in Shelby (a small town just south of Columbus) but recently moved to Lincoln. How is Hastings? I don't think I've ever been there, just Grand Island.
I'm not sure what type of investing I would like to start with, but I would eventually like to be a buy and hold investor. I do know that I definitely don't like fix and flip (or similar strategies), it doesn't fit my personality at all.
I have listened to a handful of the BP podcasts so far. They are very inspiring and actually very helpful in their quick side explanations for newbies such as myself.
Also, I would be happy to hear all of your book selections. I love reading!
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Ryan MahoneyPro Member
Rental Property Investor · Hastings, NE · Member since 2018 · 57 posts · 53 votes
8y
Anna,
Here are some of my favorites:
Rich Dad, Poor Dad - by Robert Kiyosaki - Not specifically about the ins and outs of Real Estate but will change the way you think about money, income, investing, and everything related to it. It's the book that got many of us interested in investing in real estate.
The ABC's of Real Estate Investing - by Ken McElroy - Great advice here. Lots of actual advice on investing in real estate here.
The Book on Rental Property Investing - by Brandon Turner - Easy to read and the book that lead me to Bigger Pockets. Again, a lot of practical information , especially on how to fund deals and how to analyze deals.
Let me know  if there is anything I can help with. There are great resources on here for analyzing deals. I know when I first started looking I found several properties I thought would be good buy and hold investments and when I ran the numbers I found they were not. Really opened my eyes. I get back to Lincoln as I have a lot of friends and family there. If you ever want to grab some Starbucks and talk Real Estate let me know.
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Anna McKinney
OP
Lincoln, NE · Member since 2018 · 9 posts · 0 votes
8y
@Ryan Mahoney Thank you for all of the suggestions! I will definitely check them out.
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Josh NixBusiness Member
Lender · Lincoln, NE · Member since 2014 · 304 posts · 101 votes
8y
There is a great meeting the second Monday of every month at the grata lounge 70th and a st from 7-9. There are a lot of active investors and a lot of people just beginning. I recommend coming and meeting others doing what you want to do. Good luck and if I can help in any way let me know thanks.
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Anna McKinney
OP
Lincoln, NE · Member since 2018 · 9 posts · 0 votes
8y
@Josh Nix I would love to go, but my job is on second shift (from 2pm-10pm) so unfortunately that isn't possible for me right now. Thank you for the invitation!
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Megan Ahern
Lincoln, NE · Member since 2015 · 38 posts · 20 votes
8y
Welcome Anna. Good luck on your investing journey. I also live in Lincoln NE and invest in rentals here, and my husband is a real estate agent. If there is anything we can do to help you along, let me know. Or if you ever just want to grab coffee and chat real estate I'd be happy to.
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Anna McKinney
OP
Lincoln, NE · Member since 2018 · 9 posts · 0 votes
8y
@Megan Ahern
Thank you! I would love to chat sometime.
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