All Forum Posts by: Jeffrey Bower

I find picking up a few NOLO books and reading through Bigger Pockets about landlording/tenant rights and laws is most valuable.

I answered something similar to another person. Definitely read and engage in the forum. I found so much information and inspiration to take action. I'm already planning on actions to take to get a property. Don't give up and stay active on here. There's so much wealth of information from these experience investors. 

Hey Justin, no doubt, I'd say stick to Bigger Pockets. Go through the threads of topics that interest you, read, and engage. Read the blog posts. You'll be sure to find something that might be doable. Just the other day, I read about investing in a duplex with an FHA loan. You become an owner-occupant and the other tenant pays for the entire mortgage, or at least most of it. I learned that is has the least resistance to entry. So this is one of the things I discover here. So, my recommendation as a newbie, troll through these posts and you'll find inspiration.

Welcome to Bigger Pockets and congratulations on buying your first property!

That's hilarious. 

I'm in the Bay Area myself. I don't see how this would work in small towns, but it could be possible for cities that are growing. I like the idea of co-living, but pod-living... Yikes. As an investor looking at this as an opportunity, maybe not so bad. But to live in a "pod"... :grimace:

Glad you mentioned that. I wondered if initially one should get a PM or do it all first-hand to understand how properties are ran under the hood. I believed that to be the best method, but this confirmed it. 

Wow, @Michael Ealy, this is a great list of things to consider. 

If it's possible, get a better tenant, as someone else said. A small dog should be fine. I think the opposing *opinions* of vaping supporters vs non don't really mean much compared to a real life experience such as Pat's who did notice odors. I feel that evidence has more weight than "it does not cause cause odor or damage."

My goal is to save $20k. I'm at $10k now. And then while I'm saving, learn more about REI.

FHA is Federal Housing Administration (FHA) and they offer a loan that you can use towards buying a multi family unit. But there are requirements to be met, such as living on property because there's an occupancy requirement. That means, you have to live on the property for a certain amount of time, like a year. You'll be an owner and occupant. You put down 3.5% of the price, like say for a duplex, so you might find a decent property for $10k dp.