All Forum Posts by: Eric Melin

@James Carlson great info! Thank you!

Thanks guys! Based on the feedback I'm leaning away from flipping as a beginner strategy. House hacking may be an option. What about jumping into purchasing properties for short term rentals? I know there's some tricky rules about that when it's not your primary residence.

@Chris Lopez I own a townhouse with about 100K equity. We are looking to move into a single family home so hacking one may not be a bad idea! Also considering renting out my current place but not sure if it would be better to sell now for a profit or try to get some cash flow coming in.

@Matt M. Yes I'm familiar with the crash pad concept and have in fact been on the renter side of that equation. I've considered that as well.

Thanks Matt. I'll keep that in mind. I'm a pilot which typically gives me some time off during the week that could be dedicated to projects. It also gives me easy access to travel to pretty much any market, although I'd not be interested in flipping out of town.

I'll give more consideration to jumping into buy and hold strategies. Any other recommendations for beginner's strategies in the Denver market?

Hello all, I'm a newbie from the Denver area. I'm just getting started in the research/education phase of my career and thinking about what niches I'd like to focus on. 

I eventually would like passive income and am leaning toward retal properties and buy/hold. However, just starting out I'm thinking about getting started with flipping. Reason being, it would give me a lot of experience finding and analyzing deals, buying, selling, rehabbing and building solid relationships with lenders, agents, contractors etc. Then after gaining some experience with buying/selling/rehabbing I figure I'll add landlording to the toolbox and build relationships with property managers with the goal of working toward something more hands off.

Does that all sound like a good way to get into this game? I'm open minded. Any suggestions are welcome.

Hello all! My name is Eric and I'm an airline pilot from the Denver area. I'm brand new to real estate investing and just starting out in the research/education process.

I was inspired to look into real estate as it's a very popular side gig in my line of work. I feel like this is something I could eventually do well with but I understand I have a lot to learn.

Having stumbled across this site is the best resource I could have hoped for! The Any tips and suggestions are welcome. What would you do if you were in my shoes, just starting out?

I could make a very bad joke about investing in UT but I'm gonna let it go. 😂

Thank you for the tip. 👍

Hello! I'm brand new to Bigger Pockets and brand new to real estate investing. I'm just starting with the education process and my first question is about real estate agents. I actually know quite a few agents as it's by far the most common side gig for my day job (pilot). Once I start looking for deals wound it be advantageous to work with multiple agents or is it best to stick with one? Is there any sort of conflict of interest that could tarnish a relationship? The agents I know and trust the best are people that I would consider friends so I'd hate to step on any toes or burn any bridges.