All Forum Posts by: Alex D.

I personally don't have any experience with this company although i've talked to a few in the area when I couldn't decide between going a turn key route or DIY. I don't think it's an issue as long as it aligns with your goals. It would be too costly to completely go this route especially juggling work and a family however I feel this could be a great first step into learning the ropes and getting your feet wet. Do things on your own time, do what your comfortable with and above all us, treat these companies as if they are lying about everything haha. If they say it's a good area, figure out why on your own. If they run the numbers for you, run them again but using realistic variables. Figure out all the things you need to do, to feel comfortable that enough due  diligence was done. I agree with travis on what he's said as well. Best of luck! You got this

@Kirt Gill Thank you for the introduction and welcome! It's always exciting to see people getting started as I'm just getting started as well and passionate. I look forward to hearing about your journey along the way. 

@Kaye Thompson Do you have more information on this property? 

@zach lemaster i'm very interested in this property. Can you email any additional info/photos to [email protected]

Congratulations! That map also blew my mind. Extremely thoughtful!

My wife and I, haven't accomplished our goals......yet! However we are well on our way. I appreciate the post because even on some of the podcasts that I listen to, you're hearing people starting out......already having a nice nest egg to fall on. I'll see a title that states "Starting with nothing now makes $XXX amount" however in the middle of the show they'll say they pulled out a HELOC or borrowed from an IRA. It's very doable though!

Us personally, it meant living a very frugal lifestyle. To start off with, we have an infant so one of the biggest expenses was diapers. We switched to cloth diapers and never had to buy another one again. Little things like monitoring utilities, connecting everything to surge protectors so appliances don't steal extra electricity, no cable or unnecessary entertainment additions. Netflix it or stream it online. Not eating out all of the time or hitting the movies, coffee made at home, driving a car that gets you from point A to B instead of having a 400-500+ car payment and lastly maybe scaling down your home which is most people's biggest expense. 

My advice is to figure out a goal number and figuring out how long you'd like to get there. Say it's 20k in 24 months. You know that comes down to 833 a month. Figure out how to get to 833 a month. I personally feel there is always a little something extra you can do to get to your goal number as long as it's realistic.

Great post! I'm excited to read everyone's story.

@Charles HuangDo you guys have an email list or anything for future events?

Welcome! There is such a wealth of knowledge on biggerpockets and I feel you'll have so many tools at your disposal. Keep up with the drive since it's led you here. I think your market is a great place to start!

@Marvin S. Hey Marvin. Can you please send me MD; MO; IL; KS; TN; TX; VA; NC; SC

My email is [email protected]

Thank you!

Hey BP!

I wanted to dig deeper into the process for rental comps and I honestly couldn't find anything. Where are these comps coming from? I had a vacancy recently on my first home I've purchased as a primary (a few years back prior to having any knowledge of real estate or even that biggerpockets existed) . Property taxes doubled for me since then and I was forced to throw the property on the market for 200 more then what the average home of the same type was going for using rentometer, city-data etc. It got rented surprisingly and quick! I had a week and a half turn over.

Ultimately I began wondering where do people pull this information from? I listed the property, took the listing down after locking in a tenant but I've never reported what i'm receiving in rent, how long it's been on the market, etc. You can pull the information from using a few sites but are these sites tracking how often and what properties are going up and coming down? It was really just a general question and really me just trying to get to know certain areas more in depth.