All Forum Posts by: Austin Fowler

I’m 21, living in New Jersey with my parents, saving about $2,000 a month, and not in a rush to move out. Given that I have low overhead and time on my side, what would be the smartest first real estate investment move I could make to build long-term wealth

I currently rent in DFW. I'm in the process of saving up to buy my first property next year. Ideally, I'd like to buy a small multifamily and house hack. However, small multifamilies in the entire DFW metroplex are selling for more than I will be able to afford next year. The only ones I can afford are in really bad areas and inventory there is even low.

However, single family homes in great neighborhoods in my price range are everywhere here. The only caveat is I'm not willing to house hack a SFH.

I could wait, continue renting, save more money, and go the small multifamily route in 2-3 years. Or I could go the SFH route next year. Either way I'll be going with a low down payment option.   

My question is, is it possible to get started with REI by purchasing a SFH? If so, what would be the next step after that, and when? During that time would you recommend I save up for another low down payment, rent out the first home and buy another? Or, should I just wait the 2-3 years to buy a duplex/triplex?

I am getting started in real estate investing, with plans to buy my first rental by the end of this year or early next.  Is paid mentorship worth the price?  How do you vet the person to make sure they are who they say they are?  I subscribe to someone's newsletter I connected with on Linked In.  He offers $50/month coaching with direct access to him, and other benefits.  The price seems reasonable, but I'm not sure how to vet his credentials.  What is a reasonable amount to pay for a legit coach?

Hi everyone! Me and my wife have been wanting to get into investing for years but we've finally flipped the switch and are ready to take the plunge. We've been reading rental investment books and listening to the BiggerPocket podcast, as well as asking around for more info. But we're a bit stuck with so many questions on how to get started. We're currently renting and both working full time. We figured we'd start our portfolio with a house hacking gig, but more of a "live in renovation" before renting and following the BRRR strategy. However, the properties in my area (Broward County) are so expensive and finding a good deal with a reasonable CoCROI seems impossible right now. So if anyone has an advice on where to start, and/or how to start, we're all ears!

Hello, I've been interested in a short term rental on the East coast for some time now but most prime locations are extremely expensive. What are some locations that are popular but a little further from the central vacation spot?

My name it Mason I am 18 and I just graduated highschool in Houston. I am saving money to hopefully use an FHA loan to purchase my first property. I am looking for any tips, advice or mentorship along the way.

Hi all,

I'm 23, bought my first three duplexes last fall (in a partnership, not the sole owner). I was in college at the time of investment and didn't have the bandwidth to take on a renovation, so all three properties were relatively straight forward: 20% down fixed 30-year, place a tenant, wait. 

My biggest takeaway from the experience is that we tied up a lot of capital for very little cash flow -- essentially, I don't feel that I put myself in a position to scale. I'd like for my next investment to be made with some sort of exit plan to recycle and reuse the capital put into it. I'd lean towards a BRRRR, but I certainly won't have enough capital to make a cash purchase for a while.

Where should I go next? Should I be looking at apartment complexes for better cash flow? Some sort of flip? I appreciate that it takes time to build passive income in real-estate, but I'm hoping there's a smarter way to go about it than saving up $50K to dump into a property that cash flows a few hundred a month. 

Would appreciate any advice regarding the direction I should go next. Another thing that might be an important factor is that I'm confident I could raise about $0.5mil in cash if I did want to bring on other investors who've expressed interest. 

Thank you,

Ryan

Hi BP! My name is Jackie and I’m looking for some guidance as I begin my real estate journey. I’ve read a few books/ listened to some podcasts on real estate investing and am ready to start analyzing deals but am stuck on which market to narrow in on. I can feel myself getting into analysis paralysis (in terms of market selection) and the last thing I want is to quit before I really even try.

Appreciate if anyone has thoughts on markets that generally fit the criteria below and I’ll take it from there! I’ve also included a short list of cities that seemingly fit what I’m looking for but am open to thoughts here as well. Worth mentioning, I live in NY and am leaning towards investing out of state, for lower property taxes and more landlord friendly laws.

What I’m looking for

- Buy and hold property

- Long term tenants (ideally vacant at purchase)

- Single family home

- Class B to A (likely B for more cash flow opportunity) neighborhood

- Opportunity to add value so am more than open to rehab

- Cash flow as primary focus

- An area with comparatively low risk of natural disaster

- Of course somewhere with growing population and jobs and less than average crime. Added bonus if a large corporation/ industry is investing in the area and or a city with confirmed infrastructure improvement plans

Cities I’ve found that seem to fit the mentioned criteria but appreciate thoughts/ guidance/ direction:

- Cincinnati, oh

- Columbus,oh (but seems like too hot a market?)

- Dallas/ Fort Worth, tx

- Charlotte, nc

- Toledo, oh

- San Antonio, tx

- Minneapolis, mn