All Forum Posts by: Luke Baumbach

Thanks @Ryan Talmadge. I will be giving those books a read. I've got someone who can find good tenants for me, but to answer your question, I just want to learn all aspects of the business. Self-management isn't in my long-term plan. I also want to maximize cash flow on these 2 properties to pay back the down payment I'm borrowing so I can put the cashflow into my pocket sooner.

Hi @Jeff Stein, thanks for your reply. Yes I will be managing them myself.

Hi everyone, I'm new to real estate investing and am excited to be closing on my first deals in 2 months. It will be two 4-family buildings.

I was going to ask for cash out refinance lender recommendations, but realized that's not allowed.

So my new question is, what should I be doing to prepare myself?

• Which books to read?
• Which people to start connecting with?
• Should I swap my car for a truck?
• Setting up accounting or other systems?
• What else should I be thinking about?

Thanks!

PS Let's connect on here or my LinkedIn, I'd love to meet more people in the area. Happy to meet up virtually or in person.