All Forum Posts by: Hamp Lee III

Interesting...

I'm originally from Compton, CA and my dad had Section 8 tenants in his investment properties.

He spent thousands after many of them departed to get the rental livable again. But he also had a couple of tenants that caused no issues for over a decade.

This isn't a niche for the faint at heart, and I wouldn't recommend doing it for quick, easy money. You may find that it won't be quick or easy.

I wish you all the best.

Don't worry about restarting if selling your primary residence is the best option. Sometimes we don't want to give up what we have, but sometimes giving up one thing gives us something better down the line.

Run the numbers and take action.

Real estate is a journey, not a sprint.

I wish you all the best.

I recommend pausing until you decide whether to relocate and save the $25K for any needs in the transition.

If you own your current residence, I recommend renting it as a short- or long-term as well.

Once you're settled, I would re-engage on the investment property.

Happy spouse...happy house. 

I wish you all the best.

Welcome to BiggerPockets!

I recommend finding a local real estate investors association and linking up with someone in that space. You can also run a search on Facebook for these groups as well.

I hope this helps.

I wish you all the best in your investing journey.

Do you have enough equity in the home to get a HELOC to purchase another property?

Some investors use this as a strategy...

I wish you all the best.

Thanks for sharing! Great insights!

I'm finding that the more specific your niche is, the better.

...and telling people I'm a real estate agent and investor has opened many other opportunities!

Welcome to the world of real estate investing! One of the best things you can do right now is to educate yourself. And you've joined one of the best communities for all things real estate investing.

1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf

2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...

Also, read Rich Dad, Poor Dad by Robert Kiyosaki and Think and Grow Rich by Napoleon Hill

3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars.

4️⃣ Ask questions here on the forums.

5️⃣ Visit (join) a local (and legit) real estate investment association.

6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcamps

I wish you all the best in your investing journey!

Let me connect you with a Texas mortgage loan originator, @Joel Allen. He can provide you with some insights on the way ahead.

I'm active duty Air Force, and I maxed my VA loan entitlement with three VA loans.

Let me know if you want to jump on a call to discuss strategies for purchasing your next property.

Welcome to BiggerPockets!

I'm active duty Air Force with three VA loans.

We can connect on a call or chat about next steps in your investing journey.