All Forum Posts by: Dan B.

Thanks @Steve Haight I'll definitely keep an eye out. There are some properties under $100k i saw more inland but i don't feel confident about the local economies in the areas these properties are located.

@Tyler Wade Thanks for the heads up!

Hi everyone,

I want to get started with investing in Multi-Families, but don't have much money and live in a very expensive area (Los Angeles). Spent the past few months saving a bit (<5k) and was looking at out of state options.

What markets are good for Multi-Families (Under 100k) that you recommend I look into?

I have been reaching out to property managers for recommendations to connect with realtors in some areas I am interested in - is this the right approach?

Please help - any guidance is much appreciated.

Thank you,

Dan

Hi everyone,

Also new to bigger pockets. Are there any turnkey providers/markets you can recommend? I've been doing some research into Turn Keys and considering pursuing this route as my current area (Los Angeles) is pretty pricey.

Thank you,

Dan

Thank you @Jean Bolger , @Jeff Arndt, @Ned Carey , @James Syed @Brendan K.! I will definitely look into the CCIM classes and the books you all recommended!

Hi all,

I'm a new investor, no real estate experience, looking to get started in multi-family investing, and one of the things I'd like to get good at is learning how to evaluate a property and determine if it's a good buy.

I'd like to ask what are some resources you use (software, books, etc) or how I can learn to improve my ability to evaluate multi-unit properties.

From my understanding, for investment property through NACA, which they cover for up to 4 units, you are required to live in one of the units.

Hey everyone, just started the NACA process by attending a workshop this weekend. Will try to update as I learn more. So far, so good. Reading the forum post, looks like it'll be a long process...but it helps to know before-hand so that I am mentally prepared.

“Shortening your learning curve = making more money quicker.”

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

As recommended by the BP community, I read the "Real Estate Rewind" book above, and that quote has stuck with me. As mentioned before, I am relatively new to REI (1.5 months). I have an idea of the strategy I want to pursue (multi-unit, buy & hold). I've begun networking with local REIA members and immersing myself in REI literature (just bought 10 books, haha). I'd love to hear from the community...

"If you were to do it all  again, knowing what you know now, what would you do differently?"

My goal for this year is to make a deal for a multi-family unit. The biggest hurdle I am looking to overcome right now is figuring out how to finance it with limited capital. I know the goal, now I'm working backwards to figure out how to get there. Any advice is much appreciated.

Thanks again BP community!

Hi all,

I've just recently joined the Bigger Pockets community and am really excited to get started with real estate investing! I made the decision to get into real estate investing relatively recently, about a month ago, and have been spending every minute of my free time - I work full-time - reading about it since.

The problem I've encountered, as I assume most people do who are new to the game, is information overload. So I've decided to pick a niche - as recommended by much of the community. My goal is to own a property by the end of this year, but I have limited experience/knowledge/capital (<10k) - I believe it is attainable, but right now I am working to figure out how.

In terms of the path/niche I am considering, I am considering multi-units with a buy & hold strategy. So I am asking for help with two things:

a)Feedback/experience in this niche

b)Can you help me identify resources to learn more about this niche?

Any help is much appreciated!

Thank you in advance!

-Dan