All Forum Posts by: Jeffrey Bollo

That is a great Idea, I got the most help from going to live events and talking to seasoned investors then got a great mentor who helped me every step of the way. Took me 2 months to get my first deal, haven't looked back!

@Jeffrey Bollo Coaching prices very per coach. And some coaches are better than others. If you’re considering getting coaching from someone, ask that person for a referral for the last few people that they have coached and then call those people to see what their experience was like with that coach. Then ask them if they felt that they got their money’s worth and if they had the opportunity to do it again if they would do it again. Make sure these people were recently coached by the coach. 

This seems so basic... but find a podcast and just listen away! On your way to work or school, in the car, getting ready, on the treadmill... you name it! I started house hacking with barely any research, two houses in fact! Then, when realizing I want a third property I started doing way more research to end up discovering this is my key to financial freedom!!! Everyone is different but your finances and goals will determine your moves. I'll speak from my name. I do not have enough cash for a large purchase. I have equity in my home, so I could do a HELOC. Or, I would have to pursue creative financing to come up with cash or find a lender who would allow me to put less than 10% down. Location matters too! 10% down sounds nice, but not in New York City! Not in Los Angeles! However, Texas, Alabama, Mississippi, or Arkansas may be more doable. THAT right there is a 10% down-purchase I could afford. Let me know if you have any questions! Good luck!

@Jeffrey Bollo listening to the BiggerPockets podcasts, reading the forums, and listening to real estate investing rooms on clubhouse are all great and free ways to learn. A little more expensive ways would include joining the REI in Atlanta and start networking with other investors by taking local investors out to lunch (and paying for their lunch) and asking them a few questions about their experience getting started and then ask them for just one resource such as a good realtor or a good wholesaler, etc. The even more expensive option would be to pay for coaching. But I wouldn't suggest you do that unless you are in a place where you are committed and the coach can hand hold you through the process.

It depends on what your long term goals are. That's why many people here (including myself) recommend house hacking. You have to have a roof over your head anyways and the alternative to owning is renting. So logically house hacking would be the first step.

I'm bias against wholesaling because of my line of work, however if that is something you want to do, keep in mind that is another job. You have to find the Sellers, convince them to be under contract with you, and then you need to go find other investors with the hopes that you get the price you want. It can be a lot of work (but has been rewarding for many). 

Hi Jeffery!

Welcome to BP! Defiantly educate yourself on what path you want to take. Like others have said, "never quit educating." There are alot of things to think about. House hacking, turnkey, syndicators. Do your due diligence in researching a company to help especially if you want it to be a passive investment. Look for things on how long they have been in the business, what markets are they in, what's their reputation, what are their internal process, etc. Ask as many questions as possible!

I would love to connect with you to chat more! 

Do it all and see what you enjoy and what you want to hire out in the future. You’re going to need wholesalers realtors property managers and contractors on your team, I’m a believer that I nvrstors should know how every part of their business runs 

I would house hack initially. Gives you a taste of investing. Could be a multi family. Or a single family that's turn key or needs rehab. You could start with 3.5% down on a FHA loan. Personally my house hack needed rehab. I am finishing the rehab and will be able to pull a HELOC for another deal.

Hi @Jeffrey Bollo Welcome to Bigger Pockets! Definitely getting educated is step 1. What state are you looking to invest in?