All Forum Posts by: Tasha Beal

I am currently a senior in college and am giving thought about where I want to live once I graduate in May. I want to invest in buy & hold properties with good cash flow. I have heard Austin is a great place to live, but is the market there already too saturated? I want to pick a good real estate city because I'd love to invest full time. Where would you invest if you could move anywhere?

@Buddy Holmes @James Galla Thank you both for your insight! I am fortunate to come out of college without debt, and I already have quite a bit in savings that I could invest in a property. However, as you both have mentioned, I will wait until I know where I'll be.

Hello everyone! I am a 21-year old, rising senior at the University of North Carolina at Chapel Hill. I have a keen interest on starting my real estate investment journey, and I want to learn by doing. However, I am not sure where I will end up after college - it all depends on where I take a full-time offer (in real estate). Would you recommend holding off on investing until I know where I will be living? Right now I'm in North Carolina but could end up anywhere, and I don't want my first property to be out-of-state. Any advice would help, as I'm eager to get started!

I have recently began looking into real estate investing, and I am a bit confused about when you need a RE license. I've heard it varies by state, but what do I need a license for in Texas? I am planning on investing in buy&hold properties, but if I want to sell it a few years down the road, would I need a license for that? 

In general, do you recommend having a RE license as a real estate investor (buy&hold and flipping in particular)? Thanks in advance!

@David Dachtera Great story, I love hearing how people make it happen. I'm assuming they decided to take on real estate investing as full-time jobs? I am a bit worried about balancing a full-time job with investing on the side, while still maintaining a good work-life balance.

@David Dachtera Thank you for your insight, it is very helpful! I like the idea of beginning with the end in mind, and I also am leaning towards a property management company. Being a full-time student and getting a full-time job soon, I'd like this to be my project without making it my job. Thanks again for your advice!

One more question: if I were to buy a 1-4 unit, I would rather live in a separate apartment/condo with my boyfriend. Does this make it harder to manage? Or is it as simple as finding one more tenant?

One thing I'm worried about is tenants seeing a 21 year old landlord and not taking the leasing situation professionally, so a management company would be helpful in that way.

@Ian Kurela Networking is a great idea. I am currently interning with a real estate investor, so I have been trying to pick up what I can even though they do commercial properties over residential.

@Gay Lloyd Thank you for your reply. Do management companies deal with a single duplex (or 3 or 4 plex), and still only take around 10%? I always assumed they would deal with more, and bigger, properties for proper scaling and profits.

@Christopher Albritton Thanks for your response, you have a lot of good pointers. I have a good amount of cash saved up, and I could borrow some from family members, but I don't want to dive into an investment without feeling fully knowledgeable first. It is great to know there are many helpful websites out there that make finding tenants pretty straightforward.

@John Casmon Thank you very much for your reply. I will start looking more into buy and hold resources as I agree that it would be a better fit for a beginner.

Hello! I am new to BP and it has really sparked my interest in real estate investing - I like the idea of both flipping and buy and hold and see the pros/cons to both. However, I am a 21 year old, full time college student, with little experience. After reading many of the blog posts and forums, I understand the process of finding and analyzing a good deal. I came across some big questions though regarding the process after closing a property.

For flipping - If I were to find a good deal and close on a property, I think I would be stuck afterwards. I don't know any contractors or anything about construction, so would I just have to reach out to contractors in the area? It seems very daunting going into it with 0 house construction/flipping experience. How do people do this without previous experience?

For buy & hold - How would I find tenants? If something breaks, I'm assuming I would need a contact handy to help fix the issue? Also, I wouldn't want to manage the property all by myself, but a small property wouldn't warrant property management. Is the only real option for me to be a landlord?

Thanks for reading this long forum, sorry for so many questions. As you can tell, I have a lot of logistical questions about the every day running of a property. I'd love to hear anything you all have to say!