New Member from Brimingham, Alabama

4 Replies

Hello Everyone!

I am a new member to BP and I am extremely excited to be a part of this community.  I have been studying the Beginner Guide as well as forum posts and I am loving the wealth of information being shared.  A few things about me: I am 22, soon to be 23, and located in Birmingham, Alabama in which I was born and raised.  I am currently working in healthcare administration while going to school part time online (I am still a college freshman due to a late start).  Through the year of 2018, I took a long time to deeply reflect on my drive and ambitions in life. After careful deliberation of my options, I have decided to start my journey as a real estate investor in an effort to generate positive cash flow through rental properties in the Southeastern US.  I have budgetary and business goals set at the one, two, three, and five year marks in order to get a strong start going for my long-term 10 year goal of financial independence through positive cash flows generated by multiple rental properties.  While I do have my goals and basic business plan written out and ready to act on, I know that I still have a lot of learning left to do about the intricacies of real estate investing.  I am looking forward to taking advantage of the resources and wealth of knowledge that BP can provide to me in order to further my ambitions.

Thank you all for reading!

@Robert Ashline Congrats on taking the first steps and welcome to BP. You're in the right place to learn. I invest in Birmingham and love it. 

I'll throw out one suggestion - look up house hacking. I wish someone had told me about that concept when I was just getting started. Seems like a no brainer way to get started to me. But it's  not for everyone, but something you might want to look into.

Best of luck! 

Originally posted by @Jason Carter :

@Robert Ashline Congrats on taking the first steps and welcome to BP. You're in the right place to learn. I invest in Birmingham and love it. 

I'll throw out one suggestion - look up house hacking. I wish someone had told me about that concept when I was just getting started. Seems like a no brainer way to get started to me. But it's  not for everyone, but something you might want to look into.

Best of luck! 

Thank you Jason, I appreciate the advice and that is actually what I am looking into doing! My plan is to learn as much as I can about the greater Birmingham area market and get an FHA mortgage or, even better, a 203k loan on a good MFH deal and live in one of the units. Once I have a positive cash flow from rents and my full time job I plan on reinvesting profits in order to compound my returns and initiate steady growth. If you ever need someone to get eyes on an area in Birmingham just let me know! I've lived here my whole life so I can give you the run down on some areas should you be interested in expanding further.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you