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Updated about 4 years ago on . Most recent reply

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Dan Kim
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Just getting started

Dan Kim
Posted

Hi! I'm a rookie just starting to learn bit by bit about this crazy and exciting world of real estate investing. I feel a bit overwhelmed because I don't even know where to start, but I do know that I need to start somewhere. So I'm going to spend my time learning and reading as much as I can.

I'm interested in the BRRRR strategy for SFH or MFH. How do you know what market to focus on? Has anyone ever left their hometown to start investing in property in a different state? Apparently, there are certain areas where the rent from a SFH isn't enough to turn a positive cash flow; what kinds of areas are these?

I want to be smart about my first investment property. Any and all advice would be appreciated!

Most Popular Reply

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4,720
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Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
2,513
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4,720
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Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
Replied

@Dan Kim, thank you for that introduction, and welcome to BiggerPockets.

I hope you continue to learn from everyone on this platform.

If you have not, great books to read are:

• Rich Dad, Poor Dad

• The Millionaire Next Door

• Cash Flow Quadrant

• Tax Free Wealth

• Set For Life

• Rental Property Investing

• The Millionaire Real Estate Investor

• The REAL Book of Real Estate

• So Good They Can’t Ignore You

You are more than welcome to reach out if you have any questions.

Good Luck and go make it happen!

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