All Forum Posts by: Dominick A.

Hello everyone. I must start by saying I love bigger pockets. I’ve come across it within the past year or so and it has sparked a passion I didn’t know I had, real estate. I really want to take action and get started but I am not sure on how to do so. I purchased my first home last year and I quickly found out that this is NOT MY ideal neighborhood to own a home but a great area to rent. I have really put a lot of work into my home and created a lot of forced appreciation and I have one of the nicer homes in the area. It’s not a terrible area, just doesn’t suit my personality, noisy neighbors who constantly are out all times of night. I want to purchase a new home in a quieter neighborhood but don’t really want to sell my house as I could generate income from it and start my real estate investing career. I just honestly don’t know where to start. Should you turn your home into a rental? How would I do so? Should I just sell it? Would it be a good rental due to the aforementioned reason as of me wanting to move? This is probably a silly question but hey, if you don’t ask you’ll never learn. Any advice would be appreciated, thank you.

@Scott Matthew C. Thanks Scott. That’s great advice. I appreciate it.

@Jovon Itwaru thanks for the advice. I'm not too familiar with the REI meetings in my area but I'm definitely going to be on the lookout. Yes even if I have to do odd jobs just to show I've something to offer them. There's so much that I want to learn and if I can become proficient in even one area lacking that could make me more attractive to mentors? I guess first step is finding a meetup location.

@Markos Gerges thanks I’ll definitely be reaching out very soon.

Hello everyone,

I’m curious on how you all found your mentors? I’ve talked to realtors, tried to pick their brains. I’ve not much to offer except passion and a thirst for knowledge but it seems the realtors (whom are also investors) don’t really want to be bothered with my plethora of questions. I want to have something to offer in exchange for their time but I can’t seem to get them to engage. I know mentors should preferably be organic but my interactions with those I get to answer questions here and there seemed forced. Any ideas or advice on how I could seek out a mentor? What would make me more attractive to a mentor to want to give me their time? I’m very serious about real estate and this isn’t a passing phase. Any suggestions?

@Aaron K. Ok great advice. Thanks. Should I bring this up after the inspection?

@Markos Gerges that’s great advice. Thank you. I’ve checked most of that data, I’m not getting as good a deal as I would’ve wanted but it’s not bad. I know it’s a good deal, the realtor was more impressed with the deal than I was but I understand I’m new to this so I’ve just been cramming with so much knowledge I possibly was expecting an unrealistic deal.

@Aaron K. Thanks, how much of a credit would you recommend?

@Shaun J. Ok. Thanks for the advice. Any other advice for an eager newbie?

@Shaun J. The exit strategy is buy and hold. I'm going to use an FHA loan, occupy for a year, refinance to obtain a conventional loan, rent it out and repeat. Anything you'd recommend?