Hi everyone! I am a freelance graphic designer based out of Bloomington, IN. I have no real estate investment experience, other than listening to the bigger pockets podcast for a little while now, and I really want to pursue this in addition to graphic design. I am getting ready to move, and am hoping to buy a duplex and house hack to save money for a year or so, then grow from there. My biggest concern is that I want to be sure I can afford to have a property manager handle my rentals if I decide to move away for a job or am too busy with other work. I have no real idea of what I'm getting into, and I'm not super tied-down right now, so I want to make sure I have some options / exit strategy so I can handle whatever comes up next. Looking forward to meeting you all and learning about this!
@Rachel Valliere Welcome aboard, ma'am! Most of us here have a real passion for real estate, so maybe you'll catch the bug, too! :)
DEFINITELY do your due diligence upfront and have contingency plans 5 ways to Sunday, but don't let that hold you back from doing that first deal. A lot of people are super hesitant on that first deal since it's uncharted territory for them, but then afterwards, they wish they would have done it sooner!!
Property management is one of the hardest parts, and it's often very under-appreciated, honestly. It'd be great if you could establish a relationship with a good property manager in advance of you actually needing one. Sounds like you're on the right track!
Hi Bryan, thanks for the encouragement and advice! I will work on finding a potential property manager.
Welcome to Bloomington! We have a REI meetup the third Monday of the month at Crazyhorse at 7. Come meet other local investors. We have a range of experience levels. Also checkout our Facebook group, search Bloomington Real Estate Investors
Welcome to Bigger Pockets!
This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.
The site has quite a few tools that can be helpful for new members. I like the search features: https://www.biggerpockets.com/search
Alerts can be really helpful too: http://www.biggerpockets.com/alerts
There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides
That's awesome! I will try to make it to the next meetup at Crazyhorse. Thanks :)
Thanks for the tips! I have a million questions swirling in my head at any given moment, so I really appreciate those links.
Thanks for the warm welcome :) It actually was a little scary signing up...I don't know why, haha. But already I feel encouraged and motivated and this seems like an amazing community. Best of luck to you as well!
@Rachel Valliere hi Rachel! I am new to BP and saw that you posted this semi-recently... I was just wondering how the beginning process has been for you. I am originally from Bloomington, IN and still live here, so thinking of starting here to be local...
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