Newbie from Little Rock, Arkansas BRRRR and House Hacking

Newbie from Little Rock, Arkansas BRRRR and House Hacking

Little Rock, AR · Member since 2020 · 3 posts · 2 votes

Hello BP community! I'm Leila Henning from Little Rock Arkansas. My family just moved here in October. I went to college in Monticello, Arkansas for biology, was briefly employed as a bank teller, and am now a stay at home mom who is becoming increasingly interested in the world of finance. I found out about Bigger Pockets through their podcast on Spotify about 3 weeks ago. I currently have no experience in real estate but I am eager to learn! I just finished watching the BP YouTube video titled "How to Get Started in Real Estate Investing for the Struggling Newbie" and I am trying to check off as many of the things mentioned in the video as possible. My goals in real estate investing are to 1) house hack to live mortgage free, 2) use the BRRRR Method to get equity and cash flow, and 3) acquire new skills to better myself. By the end of 2020 I would like to be house hacking in a multi-family home and working on my next deal. I have found a real estate agent in my area who is emailing me listings of multifamily homes. I am on Lesson 3 of Rich Dad Poor Dad. I will soon be focusing my efforts on learning how to analyze deals, and learning about creative funding for those deals. I'm looking forward to becoming a part of the BP community!

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  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    6y
    Originally posted by @Leila Henning:

    Hello BP community! I'm Leila Henning from Little Rock Arkansas. My family just moved here in October. I went to college in Monticello, Arkansas for biology, was briefly employed as a bank teller, and am now a stay at home mom who is becoming increasingly interested in the world of finance. I found out about Bigger Pockets through their podcast on Spotify about 3 weeks ago. I currently have no experience in real estate but I am eager to learn! I just finished watching the BP YouTube video titled "How to Get Started in Real Estate Investing for the Struggling Newbie" and I am trying to check off as many of the things mentioned in the video as possible. My goals in real estate investing are to 1) house hack to live mortgage free, 2) use the BRRRR Method to get equity and cash flow, and 3) acquire new skills to better myself. By the end of 2020 I would like to be house hacking in a multi-family home and working on my next deal. I have found a real estate agent in my area who is emailing me listings of multifamily homes. I am on Lesson 3 of Rich Dad Poor Dad. I will soon be focusing my efforts on learning how to analyze deals, and learning about creative funding for those deals. I'm looking forward to becoming a part of the BP community!

     Welcome aboard Leila.

  • Little Rock, AR · Member since 2020 · 3 posts · 2 votes
    6y

    Thank you, James! 

  • Hadar OrkibiPro Member
    Rental Property Investor · USA / NZ · Member since 2016 · 1k+ posts · 812 votes
    6y

    Welcome @Leila Henning best thing you can do is buy a small MFR, BRRRR it and then House hack it.

    Think about getting some education/ coaching in this space.

    check this article out: https://www.biggerpockets.com/...

  • Little Rock, AR · Member since 2020 · 3 posts · 2 votes
    6y

    Thank you for the article! 

  • Investor · Jacksonville, FL · Member since 2020 · 124 posts · 68 votes
    6y

    Hi Leila, I am an investor in Little Rock as well.  I try to meet as many people in the business as possible because you never know when we can help each other.  Would you like to meet for coffee?

  • Real Estate Agent · Denver CO, USA · Member since 2021 · 8 posts · 1 vote
    3y

    Hey @Leila Henning Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

    1.Subscribe to the BiggerPockets Money and Rookie Podcasts
    2.Attend the FREE WEBINARS
    3.Attend a Meetup in Your Area / virtual meet ups
    4.Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy
    5.Peruse the forums! Ask questions! Answer Questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

    Good luck,
    Ryan Doner

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