All Forum Posts by: Jay Helms

@Jay Helms

Hey Jay,

As a beginner, I’m just trying to read the Biggerpocket books and listen to the podcasts. I just opened up my first credit line and I would like to get in the game in roughly a year from now, obviously depending on my comfortability. Being a decently broke college student, I know I’m going to have to save up. Further, I know I obviously don’t need a whole lot to start. This aspect rightfully frightens me. I was wondering while I am still learning the tips of the trade, should I focus more on one method and tailor my focus on a certain one? Should I entertain and try to learn different ones? Just curious on your thoughts.

@Jay Helms Hi Jay! I've committed to adjusting my mindset and educating myself about REI through books and podcasts. Some of the books I've read or have in the queue include the classic, Rich Dad Poor Dad, Think & Grow Rich, The Richest Man in Babylon, BP's Book on Rental Property Investing, The 4-hour Work Week, Ten Roads to Riches, Profit First, etc. In terms of podcasts, I've been tuning into BP (I need to listen to episode #282!), Epic Real Estate Investing, Rental Rookie. Also, I've been hawking new listings, defining my criteria, and practicing running analysis. In terms of real action, I've spoken with a mortgage broker last week to inquire about securing a loan for another purchase. I was advised that given the current COVID situation, most lenders are not considering rental income to qualify for loans at the moment. True or not, I know that sometimes you have to hear a bunch of no's before you get one yes, so I'm not discouraged. I know deals are still happening!

Any other actionable advice, book or podcast recommendations etc. is welcomed!

REI = Real Estate Investor, but what does BDR =?

BDR = Business Development Representative, but I now see you are a BDM! :P