All Forum Posts by: Kai Kopsch

@Talib-Uddeen Abdul-Hakeem Hello fellow real estate enthusiasts! I'm thrilled to welcome you to the BiggerPockets forums. Grait hands-on posts on your Instagram! Feel free to reach out, ask questions, and let's collectively grow and succeed in the real estate market!

@Brian Agostinho welcome to BP; you found the right place to start on your real estate investment carrier! What steps can one take to become a successful real estate investor?

-Conduct thorough online research to gather unbiased information about the real estate market in youre area.

-Build up your financial foundation (Fico score). get Credit Cards pay off every month never carry balances and request every 6 months a CL increase. Open Business Bank accounts and later business lines of credit.
-Consider taking a couple of courses that cover the fundamental principles of real estate. A good starting point is seeking a real estate license take a pre-licensing class. Additionally, many colleges provide courses on topics like "principles of real estate" and "real estate financing."

-Gain practical experience by securing a job within the real estate industry. Apprenticeship remains an excellent method for learning and growing in this field.

By following these steps, you can set yourself on the path toward becoming a successful real estate investor.

@Gleason Jones Welcome to BP, and congratulations on your inaugural post! Nashville is an excellent area for real estate, but in 2023 with 6-9% interest and home values almost doubled past few years not an ideal time to start as an Realtor in a new market. But if this is your plan, I would go to a brokerage that provides leads and has a proven system to get sales in this shifting market. New home sales with subsidized interest rates are booming; look into working for a Builder as a new home consultant.

Gastonia & Kannapolis, NC, are some of the most reasonably priced areas in the Charlotte-Concord-Gastonia RE Market.

The average home value in the Charlotte-Concord-Gastonia area is $365,067, which has almost doubled in the past few years. Big investment companies bought tonnes of SFH in 2021-2022 in some regions of CLT and rented them out, so the rents didn't match the home values. The average Monthly Lease Price is $2,023 so long-term rental doesn't make sense in 06/2023 besides some unicorn Properties. Now everyone is investing in STR & MTR, and I helped a lot of BP members find the right property but suitable properties are still getting multiple offers and are under contract in a day. If you don't own a home in CLT, this is a great way to get started; find something outdated that is longer than average on the market, move in renovate it and sell it afterward.

@Mike Lee welcome to BP; you found the right place to start house hacking in Charlotte. As a local investor and realtor, I've had the pleasure of assisting many BP members in their search for an SFH house-hacking property. The CLT market has historically a small amount of MFH on the market, and if you find a duplex quadplex, most likely they're not in good locations. A lot of people I know rent out rooms in the SFH and start this way house hacking. If you have any questions or would like to discuss your options, please don't hesitate to contact me via phone or text/PM.

@Tommy Parker great post and question I work with a lot of first-time home buyers and always wonder how many of my clients still have student loans to pay in their 40th and work in totally different fields than they studied. I like Sylvester Stallone's quat on college: The whole point of a college degree. Is to show a potential employer. that you showed up someplace 4 years in a row, completed a series of ...

@Kemonte Bateman Welcome to BP and congratulations on your inaugural post! As a local investor and realtor, I've had the pleasure of assisting many BP members in their search for the perfect home or investment property over the past few years. If you have any questions or would like to discuss your options, please don't hesitate to contact me via phone or text/PM.

@Gavin Kercher congrats on your first post and house hacking is a great way to start. Asking in a forum for tax advice is the same as getting tax advice from TikTok! please get tax advice from an CPA. 

The advice from Nathan is gold, and getting your real estate license is a great start. This way, you get experience in RE and get paid to help others to find properties, and you have it so much easier to find people you like to partner with in future RE investments. Establish business credit, and it does not have to be an LLC; a sole proprietorship works to open a business bank account, get a business CC and a line of credit after the accounts seasoned for a year. Second, go to RE investor meetup groups, make contacts, get some small bling to give out to friends, and make at least five new contacts for your CRM and SOI daily, from the postman to your personal banker; everyone should know your in RE. Wishing you a good start into RE investing