All Forum Posts by: Anthony Roach

@Patrick Britton because using leverage or financing, you own that thing that you financed. When a bank loans money to you to buy a property, they don't own 80% versus your 20% down. They don't own anything, they just loaned you money. They do have collateral on the loan which is typically said property, but the lendee is the owner. Am I on the right track here?

@Brian Garrett investors might be able to get 10 relatively quality duplexes out of $1Mil in my area, without leverage...a few less if we're talking about higher quality properties/ locations in the area. Anywhere from 5-15 properties though which is about 10-30 doors, wide ranging really.

@Aaron K. Thank you for your reply!

Those are things I'll keep in mind now. I guess it's always good to have someone in my back pocket. Even when things are status quo I'll be sure to keep my eyes and ears open. Weather it's finding a way to make an existing relationship better or just moving on to a new provider. Thanks for the tip Aaron, I appreciate you!

Hello Bigger Pockets,

This is my first post on Bigger Pockets! I've been commenting and connecting here and there but decided I need to just jump in instead dipping my toe's one at a time.

After listening to the podcast by Patrick O'Shaughnessy, Invest Like the Best - The Future of Financial Services with guest Zach Perret (Founder of Plaid), I pondered more about some of the topics and one in particular stood out to me. The concept of a Beginners Bubble. Essentially, beginners in any realm sometimes gain a level of confidence that exceeds their knowledge base in said realm.

Applying this to REI, I was wondering if anyone has stories or suggestions for me or any other beginner that would bring a beginner back down to earth, humble us a little, slap us with some reality. As a beginner at one point yourself, what was something you thought you had a grasp of but later realized it was much more complex? What are some things that beginners are routinely failing at? In what area have you seen a beginner be far more confident than their level of knowledge? What do I not know that I could only know from experience?

I'd like to learn from your and others mistakes to mitigate my own. I'd also like to get my first deal under my belt, and without over-analyzing everything, I intend on seriously looking at my first deal this coming summer. 

P.s. After hearing the podcast I also read the journal entry by Carmen Sanchez and David Dunning in the Journal of Personality and Social Psychology if you'd like to also take a look!

Hi Grayson,

You should start by checking out the Ultimate Beginners Guide to Real Estate Investing --> https://www.biggerpockets.com/...

The document is free and provides prospective investors a basic foundation into the world of Real Estate Investing. Small multi-family (2-4 Units) are great opportunities to either house hack or rent out each unit. Wish you all the best!

@Michael King

So I have been DCA very little capital over the past 2 years to BTC. I'm talking maybe $100-250/quarter. I'm extremely skeptical about it because even though I've researched and read and watched other people talk about it, I don't understand it 100%.

My greatest misunderstanding is this: what are we trying to use BTC for? Some want it as an appreciating asset (for now it's a very risky highly appreciating asset). Some will use it as a currency to pay for goods/services (some already do). Others use it for money laundering and illegal activity and already are.

If the critical mass were to be achieved, is it safe to assume it would no longer look like it does now as far as being an appreciating asset? Maybe it'll change the way we bank one day, but how are the masses supposed to "bank" on it if the price is constantly fluctuating far more than the dollars that we're used to. I guess examples like Zimbabwe smash that narrative and remind us that our currency is not so stable, but the dollar is far from that path right now.

I too think BTC is an investment today, but I have serious questions about how we use it and what it does to our entire fiscal/monetary system of the future. I enjoy the conversation being intertwined to REI here on BP. I consider everyone's input.

@Joe Villeneuve, I'm also a new investor who's just starting out. I'm learning a lot but I still have fog around many areas that I need to clear up.

What is *your* strategy on timeframes that you expect to have your capital back in your hands? What is reasonable for your situation? And if you would say, what types of properties do you involve with?