All Forum Posts by: Bryndon Bush

Hello BP world, I've been doing my research and studying the real estate industry for more than half a year now and I'm 100% certain that my strategy of acquiring my first investment property will be a house hack. I also know what I'm looking for in a property in regards to what type of property, the location, cash flow, bed/bath, etc. But because of the pandemic, I'm a little wary if I should be taking any action of looking for deals and to continue "window shopping" until things start to clear up in the real estate world. So my question for you all is should I start looking heavily into acquiring my first property, even during the duration of the pandemic, or should I keep window shopping and educating myself during this time?

Hello BP world, I've been doing my research and studying the real estate industry for more than half a year now and I'm 100% certain that my strategy of acquiring my first investment property will be a house hack. I also know what I'm looking for in a property in regards to what type of property, the location, cash flow, bed/bath, etc. But because of the corona virus pandemic, the volatility of the the economy/markets, the mortgage/lender world being a little shaky, and the near future of the real estate market being so unknown, I'm a little wary if I should be looking heavily into acquiring a property during this time. I've spoken with a couple of local real estate agents, lenders, and a very seasoned investor, and most leaned towards "window shopping" for properties until the pandemic dwindles down and the economy is back stable. But they've also told me that its never a bad time to get into real estate which I would agree to, especially during a time when it seems that mortgage rates are very low. 

As a 23-year-old newbie investor looking for his first investment property and who has never felt the impact of a market crash or recession before (except when my parents cut down our expenses during the 2008 crisis), I'm unsure if I should be taking action or not. So my question for you all is should I start looking heavily into acquiring my first property, even during the duration of the pandemic, or should I keep window shopping and educating myself during this time?

@Kina De Santis

I think having a happy hour to meet like minded individuals in their 20’s is a great idea!

And I’ve been to a variety of meetups but the ones I liked the most were Orange County Real Estate Investor Networking in Lake Forest, and Real Estate Investing Solutions in Long Beach. And the one in Lake Forest is having a meetup this Monday if your interested.

@Kina De Santis

Unfortunately, I have yet to meet people around my age who are serious about getting into real estate, and most of the people I’ve talked to about real estate and house hacking were seasoned vets. But I’ve met almost all of them through different meetups, and reaching out to people on BP.

And I’m also a resident in Tustin, so I’m sure we’ll cross paths someday!

@Kina De Santis

Hi Kina! I’m in the same situation your in currently: I’m 22, I’m new and very interested in real estate in the Orange County area, I’m also looking to start house hacking, but I don’t have enough saved to pay for the down payment just yet (so congrats on that). I’ve spoke with a few people of how to get started, so I would suggest reaching out to a couple of real estate agents (either on BP or your own network) to figure out the type of agent you want to work with and who can really walk you through the process of purchasing your first property. I’d also suggest talking with a few lenders to find out how much of a loan you qualify for. I know the Orange County area is expensive but you might be qualified for a $700k loan and you’ll be able to look into more expensive propertys. I’d also suggest finding which areas in Orange County you want to purchase in and having a max budget for how much your willing to buy a property for, and stick to it. I know I’m new to real estate like yourself but I hope this helps you at least get the ball rolling!

Hi Bigger Pockets family, I'm a 22-year-old recent college graduate who wants to start investing in real estate. I have a full time job in Orange County, CA and make good money but I desperately want to become an entrepreneur as my corporate America job is not as fun as I thought it would be. I want to eventually get into house flipping as I believe my past work ethic and being a quick learner would excel in this industry. But, as some might assume, I have little knowledge of the house flipping. Listening to BP podcasts, reading articles, watching videos, and networking with other investors, I believe house hacking is a good way for me start in this industry. But again, I know the basics of what house hacking is but I still have little knowledge of what the process of house hacking is or should look like. After doing some research, I at least know what I'm looking for in a house in terms of the market/area, price, type of house, and the number of bed/bath I want to have. I hope someone can provide or devlop a step by step guideline for how to house hack. It doesn't have to be super detailed, just enough information for me to take massive action. I would greatly appreciate it, thanks BP!