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Updated over 6 years ago on . Most recent reply

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Christin McKamey
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New Investor from Royal Oak, Michigan. =)

Christin McKamey
Posted

Hi there! I'm Christin, from Royal Oak, Michigan (north of Detroit). I am fairly new to real estate. I bought a single family home (750 square feet) in a neighboring town (Hazel Park) for $46,000 in 2016, paid it off in 2 years and now it's worth around $70K. I am planning to save up another $50K cash in the next year, sell my property and put all of that $ down on an apartment building for around $650,000. I am taking this next year and a half to research and learn as much as I can while I'm working and saving money. I am really trying to be patient!! =) 

Side note- my husband also has 2 small single family rental houses (paid off), a building for his business (small mortgage) AND we have our house that we live in paid off as of this month! Yay! We're hoping we're in a good spot to make this happen the RIGHT way, with the least amount of risk possible. I'm really excited to learn as much as I can about real estate and meet other people with similar goals. =) 

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Brandon L.
  • Real Estate Agent
  • Falls Church
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Brandon L.
  • Real Estate Agent
  • Falls Church
Replied

Hello! @Christin McKamey

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 :)

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