All Forum Posts by: Kyle Kenyon

I've drafted a simple plan for 2018. My goal is to purchase my first property by the end of 2018. Just thought I'd share with everybody!

Step 1: Education (January 1 - April 31)

- Read as many books as possible and develop a sound understanding of how real estate investing works.

- Listen to podcast 

- Practice analyzing properties

- Review all options (Strategies, financing, market, etc.)

* The main goal of my education is to develop a sound conceptual picture of real estate investing and the market. I know the best way to learn is to take action but to quote Abraham Lincoln - "Give me six hours to chop down a tree, and I'll spend the first 4 sharpening my axe".

Step 2: Business Plan (May 1 - July 31)

- Create a detailed business plan

- Goals, Strategy, Time Frame, Market, Criteria, Flexibility, Marketing plan, Finance, Exit Strategies, Current Financials, etc.

- Put together a team (CPA, Attorney, Real Estate agent, etc.)

- Have a detailed idea of the type of deals I will be looking for

Step 3: Search for Deals (August 1 - October 31)

- Work closely with a real estate agent to find potential deals

- Analyze as many deals as possible

- Implement Marketing Plan

Step 4: Start Making offers (November 1 - December)

* This step goes hand in hand with step 3.

- Start to make offers on potential deals

- Negotiate deals

Step 5: Purchase a property!

I know this plan is short, simple, and missing a ton of details. It's meant to just be an overview of how I'm going to purchase a property by the end of 2018. Please feel free to make any suggestions!

Whats up BiggerPockets! Long story short my Father recently inherited a few rental properties from his Father when he passed away. One of his tenants who's been living in the apartment for a few years has been MIA for 2 months. From what he's told me she's always paid her rent (although she has been known to be late). She's an older women who travels a lot, so she's always in and out of the apartment. As of right now she has been MIA for 2 months. She hasn't paid her rent and my Father has not been able to get into contact with her. All of her stuff is still at the apartment.

My question is, when is it time to evict? He is struggling with the decision because she's been a reasonably good tenant in the past. I don't know how to advise him, so what does everybody think? 

Thanks everybody.

Hey everybody! My name is Kyle Kenyon, I'm a 21 year old from upstate New York. I'm currently a junior in college, studying physics and engineering. Some of my hobbies include: sports, programming, reading, investing (stocks, cryptos, real estate), and the occasional night on the town. 

My family owns a handful of investment properties, mostly rentals. I personally have no experience, only what I've read. I stumbled upon biggerpockets while doing research on real estate investing. I'm here to learn as much as possible, develop mutually beneficial relationships, and contribute to the community in as positive of a way as I can.

I look forward to being a part of the real estate investing world.