All Forum Posts by: Andrew Angerer

It's probably a good idea if you are getting started, just be able to bring something to the table, either; knowledge, hustle or money. If you don't have money I suggest learn all you can and do the hard work to figure out your market niches so that when you find a partner for your joint venture, all they have to do is provide the money.

Hope this helps!

There is always Bigger pockets podcasts, excellent for newbie investors. Also I would recommend Rich Dad/ Poor dad by Robert kiyosaki, and The ABC's of Real Estate by Ken McElroy. 

It may sound awful, but a recession would be the perfect time to buy more properties. Honestly, I am looking forward to it. Plus, increased rates mean people are less likely to want to own homes and will be more willing to rent.

Just a reminder to myself, you are free to comment.

VISION; to exit the rat race by or before 2030 with passive income after taxes at $60,000 per year, in diverse, allo-managed real estate properties. This will allow me to pursue my goal of hiking the AT from start to finish in 6 months.

Year Long goal; to develop the means and methods to buy and manage real estate investments smartly, to find a duplex owned by a "tired" land lord in the Beavercreek and Springboro Ohio area that can be managed more effectively. 

3 month goal; to line up a HELOC after interviewing multiple banks/CUs, to establish a well rounded networking group of experts and investors.

1 week goal; to look into different banks/ CUs per week and ask about their terms for HELOC. Introduce yourself to one new person in the area per week. Investigate potential partners, and people that I can find a win win agreement with.

Daily goal; listen to one bigger pockets podcast per day, and try to distill one key chunk of wisdom. Look at one deal per day and by doing so get to know the market. Network on bigger pockets via the forums group per day, be friendly to all those you meet and try to smile more.

I think Hai Loc answered very well, I would agree that this should be done over time. Many of the bigger pockets podcasts have mentioned that you should focus on one type of property class, when starting out. But once you have mastered that one type, or at least have one under your belt be sure to move on.

Also consider your goals, and your tolerance for risk/reward. This will influence what you invest in, probably something you have already done as a financial adviser.

Best of luck Adam!

 I'm not a real estate agent, but I do know that at my local community college, a semester program for real estate costs $1400. As far as work goes you may have some flexibility, if you are willing to work weekends. I really can't answer that question fairly since I don't have the experience. I am sure someone else here would know better.

Consider that you should work in order to learn, rather than make money. So it may be a good idea to getting your license, getting a job as a real estate agent, just for the purpose of learning the market. Also consider the vast number of new people you will meet for networking purposes.

I know you said that you just want to invest, but it may be better to dive head first into real estate investing, rather than trying to make it work from the sidelines. 

Hope this helps! 

Funny, I just listed to BP podcast #250 today, who knew I would see a post about it here today. I would have to agree with most of the previous comments. He is a bit rough around the edges, but I think that is what makes him stand out. 

SFH's may not always be the best investment, especially considering multi families have mulitple doors paying for the same roof, same heating unit etc etc. He did say some things I agree with (millennials buying more rentals etc) and some things I don't agree with.

As far as his Scientology ties, look I know it has its controversy, but we shouldn't knock someone for their religion until it starts harming others.

 Hey Elliott, this is great!! I am not a big fan of using a rule of thumb so, seeing your spreadsheet gives me more peace of mind regarding getting the numbers right.  Thanks!