Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

70
Posts
26
Votes
Pearly Tan
  • Rental Property Investor
  • NJ
26
Votes |
70
Posts

Dipping my toes in the waters of Cincinnati? Atlanta? STL?

Pearly Tan
  • Rental Property Investor
  • NJ
Posted

Hello everyone!

Absolute newbie here! It feels a little intimidating coming out of lurking status to introduce myself, but I guess we've gotta start somewhere right? I've always been a BiggerPockets fan and have always wanted to get my feet wet in the real estate world. My husband and I had previously own a condo, lived there for 10 years, decided we needed more space for our kids, so we bought a bigger house and rented out the condo. However, the rental did not meet the 2% rule and we were at negative cashflow every month (high HOA & state taxes in Northern NJ ugh), after 3 years we ended up selling it and barely broke even. Well that stung a little...

A year later, here I am again learning and trying to figure out the in's and out's of real estate, and hopefully be able to buy our next investment property either in Cincinnati or Atlanta (or others!). I also hope to get out of my comfort zone and network with some of you folks here as I go along my journey. We're looking to start small, possibly between a 50k-100k property to buy & hold. Any pointers/advice you can give this newbie here would be extremely appreciative. Even if it's just a quick HI :)

Most Popular Reply

User Stats

2,396
Posts
1,747
Votes
Brandon L.
  • Real Estate Agent
  • Falls Church
1,747
Votes |
2,396
Posts
Brandon L.
  • Real Estate Agent
  • Falls Church
Replied

Hello! @Pearly Tan

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:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

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.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

Loading replies...