All Forum Posts by: Julia Lyrberg

Hi Briant, welcome to the real estate world! Wholesaling is a great way to get started, but it’s important to focus on building a strong foundation. I’d recommend learning about finding motivated sellers, analyzing deals, and understanding local real estate laws. Networking is key to wholesaling!

Hi Austin , It’s great that you’re planning ahead and taking the time to educate yourself before investing. For analyzing deals and finding cash-flowing properties, I’d recommend The Book on Rental Property Investing and The Book on Managing Rental Properties by Brandon Turner. David Greene’s Long-Distance Real Estate Investing is also a great resource for learning to analyze deals, even if you plan to invest locally. Since you’re aiming for summer 2025, you have plenty of time to dive into these books, practice deal analysis, and familiarize yourself with your local market. The BiggerPockets forums are also a great place to ask questions and learn from others.

Hi Brian, I’d recommend avoiding overpriced courses since you can find all the information you need for free or at a low cost. Start with books by BiggerPockets authors—Brandon Turner’s "Rental Property Investing" and David Greene’s "BRRRR" are great resources. If you’re completely new to real estate, Rich Dad Poor Dad by Robert Kiyosaki is a great introduction to real estate investing. The BiggerPockets podcast is also a fantastic resource. Finally, connecting with an experienced mentor in real estate can provide great guidance as you get started.

Hi Debret,

How low are we talking? Most hard money lenders require a credit score of 600+, but I’d recommend working on building your credit before taking on a fix-and-flip project. Refinancing could be a challenge if your score hasn’t improved by then. Plus, a higher credit score will help you secure better pricing. Additionally, Lenders can assist with a rapid rescore, working with credit agencies to guide you on which cards to pay down to boost your score.

Since house hacking isn’t an option and the Bay Area can be tough for cash-flowing deals, you might explore out-of-state investing in markets with lower entry costs and better returns. Networking with local investors or joining a real estate meetup group can also help you gain insights and connections. Keep learning and start analyzing deals—it’s a great way to get comfortable before making your first move!

Starting out with house hacking is a solid idea, especially if you’re aiming to get into real estate without a lot of capital upfront. It’s a good way to cover your living expenses and build equity while you learn the ropes. Focus on getting your finances back on track first—start saving and work on building your credit score. In the meantime, dive into learning as much as you can You’re on the right path, just take it step by step!

If you pay cash, you'll own it free and clear, which means instant cash flow and no mortgage to worry about. However, leveraging your money with a 30-year mortgage could give you the chance to buy more properties, increasing your overall returns and diversifying your investments. It really comes down to your comfort level with debt and your long-term strategy. If you're aiming for growth and can secure a low-interest mortgage, financing might be the better play. If you prefer less risk and immediate income, then paying cash could be the way to go.

Hi Pinny,

Real estate can definitely feel overwhelming at first! As Jaycee mentioned, it helps to narrow your focus. Start by creating a buybox with specific criteria for the types of properties you want to invest in. Then, pick a couple of target areas and start analyzing deals—even if you don’t have the capital yet. It’s great practice and will make it much easier when you’re ready to put in an offer.

Like Patrick mentioned, I’d say starting with a long-term rental might be a better first step. It’s typically less risky and easier to manage compared to a fix-and-flip or mid-term rental, especially if it’s your first time dealing with property management and rehabs. Once you have a steady cash flow and a better understanding of what goes into renovations, you’ll be in a stronger position to move into MTR or consider a fix-and-flip project. Buying near a trauma center or university is a solid plan for later, but getting experience with a simpler rental first can save you some headaches!

Great Post Devin, Learning by doing is the best way to do it!