Welcome to BP @Adrian Hollifield I wish I started when you did. Good luck to you young man.
Welcome to BP! Good luck with your strategy from a fellow biology degree holder! :)
Always good to start young, welcome aboard!
Welcome Adrian, congrats on getting started! I'm in the same boat as you, just graduated, new to real estate, and looking to invest out of state (currently living in Denver, CO). Best of luck man!
Once you're ready to pull the trigger, I highly suggest looking back in the Stockton area. Native myself. The market is on fire right now and it's a great place to invest. My mom still lives in the area and sends me updates everyday about how much her home is going up in value lol. Best of luck!
@Ned Carey Thank you! I am glad to have found Bigger Pockets when I did. I'm excited to learn.
@Allison Stewart Thank you! Isn't biology amazing? It's nice to know that there are like minded individuals in the bio field with an interest in real estate.
@Andrew Syrios Thank you! I'd be happy to even have a quarter of the success you have. I also have my father to thank for getting me into real estate!
@Dalton Toelkes Wow it's so awesome to hear that! I'd love to hear how you are preparing to invest out of state and tackle some of the issues that may arise trying to invest at our age.
@Wes Blackwell Thanks for the great tip! Do you currently invest in Stockton as well?
Yes I do... it's my mom's old house in Stockton. Decent C+ / B- area, she bought it back in 1999 for under $100k. Worth like $250k now :-) Might pull the trigger on another one soon but dealing in so many areas I have opportunity overload lol.
Welcome to BP @Adrian Hollifield and congrats on starting your real estate journey especially at such a young age! I would suggest you find attend some local REI meetups in your area. Get out there and start networking and chatting with our fellow investors and start building up relationships. I invest in Stockton, so would be interested to get your take on how the market is there now compared to when you were growing up there?
Thanks @Adrian Hollifield for your response! Very helpful!
curious, how do you plan on rehabbing an OOS property? I've flipped SFH 2 hours away from me and it's alot of work when it comes to renovations. Got a trustworthy team or family member?
...As far as real estate experience goes, I have none. I have started reading books and always listen to the amazing real estate podcasts on bigger pockets. Based on what I have learned so far, my goal is to buy a SFH out of state using the brrrr method following the same example set by the great David Greene!...
It was this book and my experience on the other end of the renovation equation that got me into out of state BRRR investing as well! So far so good. It's not without it's challenges but with the technological tools we have at our disposal there isn't a reason not to do it! Excited to hear how you do!
@Paul Choi I plan to follow a similar path as @David Greene after reading his book Long Distance Real Estate Investing. His strategy involves creating a team in the city you plan on investing in by building relationships with real estate agents, PM, contractors, and lenders. My brief summary does not do the book justice. The combination of reading that book and listening to BP podcast has convinced me that it is possible to do. To compensate for my lack of knowledge, I plan to either try to partner with somebody or prepare myself to have to pay the high rates that will likely come from with starting new relationships. I do not have everything figured out as of right now, but I am continuing to learn more and know that I will learn a lot more once I can get the first property under contract.
@Kurt Snyder I love to hear people being successful doing the same thing that I want to do! Is your county really Orance county or is it a typo of Orange County? If it is, do you attend any meet ups in the Orange County area?
@Adrian Hollifield Oh man! Good catch, yes it's a typo. I just started on the Forum and the first two deals I've been involved in were due to a friend bringing me in for the Construction Management/Design value add. With that said I haven't gone to any meet ups but am definitely planning on it. These first two deals are very "hand holding" deals so I'd like to learn as much of the other side of the deals as possible.
@Adrian Hollifield - welcome to BP! I'm in Santa Monica too. I think that the best decision ANYONE can take is start EARLY in real estate, so you are on the right path!
Hello! @Adrian Hollifield
Welcome to BP, and congratulations on making the decision to invest in your future via real estate.
I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.
First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:
The second is a post that will help get you focused with your real estate investing goals:
The last one is a post that will help you choose an “investor friendly” real estate agent.
There are many agents out there, but it’s important to choose the right one.
I love answering questions if you have any! Good Luck :)
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