All Forum Posts by: London Stewart

My father has agreed with being on board with helping me purchase my first rental property. At this time, it seems like he is only comfortable with putting down $20,000 on this investment.

We plan on finding a property in the Minneapolis area. He wants to do a duplex, but we are still weighing the pros and cons about a SFH vs. multifamily homes.

Do you guys think I can find a multifamily home that is worth $100,000?

Is it necessary to set up a LLC right away before purchasing our first investment?

Any advice about buying my first rental property (tips about financing, location, insurance, etc)?

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Originally posted by @Account Closed:

@Isaac Howell and @London Stewart my advice for beginners is to formulate an actual plan, road map so to speak, about the path you want to follow for investing. There are many different approaches to real estate investing such as wholesaling, flipping, short sales, rental properties, note buying, etc., etc. You need to focus on one path in the beginning and stick to it. Once you decide the path you can find out much of what you need to know right here on BP by searching in the forums, podcasts, etc. I also encourage you to look up and join any local investing groups in your area. London you mentioned holding properties. If that is what you want to do then take the time to find out as much as you can and ignore the rest, ignore the noise and information overload. It's easy to get lost and start to wander around if you are not focused (I know from personal experience :) ).

As far as financing goes there are many opportunities to real estate investors. Hard money loans (just do a quick internet search), private lenders (local real estate groups), or perhaps finding a lending partner right here on BP. There are options available so don't let financing be a road block.

Best wishes to you both in your investing endeavors!

Thanks for the advice! May I ask how you started your career out in real estate? I checked out your profile and it seems like you got your hands tied with everything! A jack of all trades.

1 Vote

I'm a junior in college majoring in Finance. I don't really have an interest in corporate america, and I want to get into real estate as soon as possible.

I need tips on where I should start looking. I've been doing so much reading about real estate and I'm just o ready to start making moves. Holding properties interest me the most, but I know I need more capital.

Are there certain career paths I should be looking at?I don't think I want to be real estate agent, because I don't want to be a salesman. I just don't know how to succeed on just being an investor when I don't have alot to invest right now.

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Thank you, Rubelyn!

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I am very new to BP. I discovered this site just a few days ago. I am a college student who is majoring in Finance. My graduation date is May of 2017. I am very interested in Real Estate. Renting out home is something with little or no money down seems to interest me the most. I am looking for tips and guidance on how to get into the real estate business and will my age affect me.

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All Forum Posts by: London Stewart

London Stewart has started 5 posts and replied 15 times.

Post: Choosing my First Investment Property

Post: What is the best way to get into real estate after college?

Post: What is the best way to get into real estate after college?

Post: New member from Minnesota

Post: New member from Minnesota