All Forum Posts by: Linval T.

However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

1 Vote

@jason

@Jason Field

Welcome to the vibrant BP community. Your time here will be well spent.

Now that you have made the move, below are some links that will help you navigate the site. However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Before your 1st purchase, please ensure you visit the below link for some tips.

http://www.realestate.com/advice/buying-your-first-investment-property/

eBook

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-

community-book
Blog

Lastly, don't forget the podcasts, webinars, #askbp podcast and the blogs.

1 Vote

@Kevin Lillenberg

Welcome to BP. Actually, I listened to podcast 017 last night and it addressed your issue. Listen to it and you will get a ton a pertinent details and contact @Jeff Brown for additional guidance.

However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Again, good luck and best wishes in the pursuit of your goals.

1 Vote

@Vincetta Dunnell

Welcome to the BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

http://www.realestate.com/advice/buying-your-first-investment-property/

We look forward to your online interactions.

0 Votes

Originally posted by @Jonathan Twombly:

Originally posted by @Linval T.:

@Jonathan Twombly- this is s good question to get my brain cells to wake up today.

I am fond of stocks and have done well with them. However, REI is the only investment vehicle that's been shown to be the driver of most millionaires' success. And, who doesn't want to be a millionaire?

My appetite for REI is driven by the below mentioned traits that produce hefty rewards:

Leverage

Cash flow

Appreciation (forced, inflation and demand)

Tax benefits

Equity building

Is your investing direct or through funds/REITs? If it's direct, what about the time commitment? Holding real estate certainly involves more time than owning a stock. Is it worth it to you? Or is it because you like things that are more hands-on, or where you feel you have some control over the process, rather than just the choice over buying or selling the stock?

Direct investment is my choice, I never liked REITs or funds. The time and commitment are ok. I am retired early and have lots of time on hand to manage these properties. And, with the advent of technological advancement it's more manageable than perceived with the naked eye.

I still own stocks and always will and only buy those that pay dividends, again, my choice/model. But, REI investing is on another level with regards to the benefits outlined above.

Thanks for the added inquiries.

1 Vote

@Jonathan Twombly- this is s good question to get my brain cells to wake up today.

My appetite for REI is driven by the below mentioned traits that produce hefty rewards:

Leverage

Cash flow

Appreciation (forced, inflation and demand)

Tax benefits

Equity building

1 Vote

Welcome to BP fellow New Yorker. Good questions and I certainly hear your voice regarding prices.

If you happen to find something within your price range, buy and hold might be a good start. You might also want to look at Freddie Mac or Fannie Mae sites to see if there is anything you can get, plus you can utilize the first time home buyer credit option.

Additionally, here are some tips to get you going on the site.

Ok, now that you have taken your initial step, below are some quick links to get

engaged.

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

http://www.realestate.com/advice/buying-your-first-investment-property/

1 Vote

Excellent article and well deserved exposure in Entrepreneur magazine. This site and community are worth their weights in gold.

Since joining BP I can attest to the fact that my REI knowledge and skills have increased tremendously, coupled with the fact that I am being interactive with like minded individuals who are focused and excited about the success of others.

BP and its community are here to stay and will continue to be a model for others to emulate.

It clearly shows that persistence, hard work and dedication can certainly bear fruit in the building and expansion of a purpose driven platform without spam and other distractions.

320,000 members and counting are a testament to the demand for an active and serious community driven REI site.

Great job @Joshua Dorkin, @Brandon Turner, as well as the rest of the supporting team and of course the BP community!

1 Vote

@Bridget D.- Since you are 5 years away from hanging up your W2 job, there is no rush to move from your place now, inspite of the fact that you see a bargain.....there will be more and/or better ones in the future.

Stay put in your 3plex.

Focus on the rental and as @Mehran K.said, take a look at the competition to weigh the level of upgrade to implement. You don't want to over do it and can't recoup the excess money spent.

We are proud of your achievements and it's good to get BP's view from a different vantage point.

Good luck.

2 Votes

All Forum Posts by: Linval T.

Linval T. has started 2 posts and replied 1292 times.

Post: Rent-O-Meter - Paid Version

Post: New member to Bigger Pockets

Post: New Investor in Metro Detroit. Joined BP this morning.

Post: How can I access my 457 retirement funds to invest in RE?

Post: Hello! I am Vincetta.

Post: Why Real Estate?

Post: Why Real Estate?

Post: New Member from Long Island, New York

Post: BiggerPockets Profiled in Entrepreneur

Post: Not sure if I bit off more than I can chew this time?