All Forum Posts by: Abbey Humphreys

Hi Robert- welcome to BP. I think going to meetups is definitely the best way to begin to get to know REI and the REIA meetings are great for networking. Learning about rehab will be a natural next step as you connect and grow in these groups. You can learn a lot just from speaking with fellow investors, as you know.

1 Vote

Atlanta, Georgia

Hi Wade! Welcome- this is a fantastic place to gather information. Definitely keep stalking the forums as well as listening to the BP podcasts!

1 Vote

Pittsburgh, Pennsylvania

Wow, that's impressive. Starting young really gives you a leg up- nicely done!

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This looks like a solid deal. The building itself is charming, as well. Congratulations!

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What a cool project to tackle with you dad. Looks like you put in the work and got everything you wanted out of this deal. Congratulations and thanks for sharing!

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Congratulations! Looks like a solid deal!

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This looks like the best-case scenario! Congratulations!!

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Hi Phillip- welcome to BP. I would love to connect- I'll DM!

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Chicago, Illinois

Quote from @Benjamin Sulka:

Network, network, network. Go to meetups in your local area and try to meet as many local investors as possible.

Talk to some lenders to see how much $ you can qualify for. This should help you get an idea of what markets you can invest in if your plan is to create a rental portfolio.

Like Nicholas said above, the best way to get started is house hacking. This is the strategy that I'm pursuing and it is going to help me accumulate a portfolio much faster than if I had to take out a 20% down conventional loan or a DSCR loan with higher interest and more money down. It's pretty hard to make things cash flow even if you aren't living in one of the rentable units but the play is long term wealth accumulation as you pay down debt, build up equity, and rents appreciate.

With house hacking you can put 5% down and buy a 1-4 unit property as long as you owner occ for a year. Then you can turn into a full time rental after your departure.

This is great advice! Focusing on networking and potentially house hacking to dip your toes in the water is a good strategy to get started.

2 Votes

Oakland, California

Hi Hortense! Welcome to BP! We are also based in Texas, in the Austin area, and I would love to connect!

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Fort Worth, Texas

All Forum Posts by: Abbey Humphreys

Abbey Humphreys has started 9 posts and replied 299 times.

Post: New to REI and Seeking Some Guidance

Post: New to Bigger Pockets!!!

Post: First Investment Property at Age 25

Post: 3-Unit Multi-Family in Avondale, Chicago

Post: 2016 Deep Renovation from kitchen fire

Post: Long term rental

Post: My First Investment Property Has Been a Great Success

Post: Chicago Buyer - Looking for connections

Post: New kid on the block

Post: Newbie would like to connect