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All Forum Posts by: Pheap Thlang

Pheap Thlang has started 1 posts and replied 7 times.

Wanted to provide you all with a quick update and to get the word out. I was too ambitious to make money moves while my divorce is pending and just got scammed out of $65k of my $100k investment funds. I accepted a LinkedIn connection thinking the connection was a real person. It was definitely not. I fell for the cryptocurrency scam! Please beware! So now, I am only in the position to learn how to invest with $0 of my own money. Any extra tips? How can I identify an A area vs a B area vs a C area in any city?

I saw this post 3 days too late! I’m so sorry. Do you know how I can update my settings to receive notifications from biggerpockets on my phone?

@James Hamling I am on the same page as you on not sitting around and sulking, which is why I joined BiggerPockets to begin my REI journey. As much as I want to dive in and buy something right away, I would still like to protect my assets from loss because my divorce is not finalized. It's not his money that I'm using to make the purchase, it's mine and I would like to keep it as my own and not lose half because I bought a property while still married. I have a good 6 months to learn, strategize, and research for the right time.

I do appreciate the different perspectives and the network connections I’m building from everyone here. Hoping to forge great mentor/business relationships with you all!

I’m absolutely a newbie to these posts. I thought I had to reply to each person who responded. Thanks to all of you for your advice. You’re all right. I will slow down and strategize. As I asked Caleb, how are your respective markets doing for real estate investing? I don’t know much about out of state locations and it is nerve wrecking to think about investing out of state and not being there. I’ve looked into Columbus, OH and Minneapolis, MN. They look like good starting points, but not sure if they’re the best points for mid-term rentals.

Quote from @Caleb Brown:

I would wait to do anything till the divorce is done. That is a lot to take on and you want to be in the right head space before you invest. Once divorce is done give it a few months. I imagine Bay area is pretty expensive so you probably need to look out of state. There are many markets good for out of state but build a team in whatever area you choose

Thank you Caleb. I appreciate the advice. I’ll keep looking and continue to practice picking out properties with the BP investment tools. How is your area doing with real estate investments?

Missed this event. Will you be hosting another one for August?

I’m new to this, and so happy to have found BiggerPockets! I’ve always wanted to be a real estate investor, but my STBXH was never on the same page. I want to get your opinions on if 1.) I can try to get my first rental property before the divorce is finalized or 2.) keep looking at properties until the divorce is finalized?

Is there any advice on how I can start with one property to rent out as a mid-term rental?

Should I start in the Bay Area or out of state with less than $100K?