All Forum Posts by: Ty Ash
Ty Ash has started 39 posts and replied 185 times.
Post: Bought a house cash. Newbie on investing.

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
Hi @Johanna Cuellar!
I'd recommend that you keep/start learning! Podcasts, Books, and Mentors you find by networking.
I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor. Real Estate is just a part of your total financial picture so don't become too focused on just real estate. You'll want to learn more ways to increase your income now and in the future, keep your expenses low, and take the difference to invest into assets, real estate/business.
Not sure about your situation in particular without more details but a house hack will probably be one of the best strategies for you to get started. This allows you to take action while giving you a great return because of the low % down needed to get started. Once you get to this point, make sure to run your numbers for both while living in the house hack (lowering your living expense to less than what it would be to rent in your area) and post move out where you need to be at least break even after accounting for your monthly payment + maintenance, capex, vacancy, property management.
Best of luck getting started! Here for you with any questions you have along the way!
Post: New Member Introduction

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
Hi @CJ Lounsbury!
I'd recommend that you keep/start learning! Podcasts, Books, and Mentors you find by networking.
I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor. Real Estate is just a part of your total financial picture so don't become too focused on just real estate. You'll want to learn more ways to increase your income now and in the future, keep your expenses low, and take the difference to invest into assets, real estate/business.
If possible, start out with a house hack while you work to grow your network and break into the MF space. This will probably be one of the best strategies for you to get started and take action while giving you a great return because of the low % down needed to get started. Once you get to this point, make sure to run your numbers for both while living in the house hack (lowering your living expense to less than what it would be to rent in your area) and post move out where you need to be at least break even after accounting for your monthly payment + maintenance, capex, vacancy, property management.
Best of luck getting started! Here for you with any questions you have along the way!
Post: Real Estate Investing Happy Hour and Meetup

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
Thank you to everyone who made it out last night!
Tons of energy in the room and I got to chat with investors doing everything from House Hacking, STR/AirBNB, and managing commercial apartment buildings.
Looking forward to the next month!
Post: Advice on where to begin, and where to go.

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
Hi @Will Garner!
I'd recommend that you keep/start learning! Podcasts, Books, and Mentors you find by networking.
I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor. Real Estate is just a part of your total financial picture so don't become too focused on just real estate. You'll want to learn more ways to increase your income now and in the future, keep your expenses low, and take the difference to invest into assets, real estate/business.
I'm a huge fan of the house hack and this will probably be one of the best strategies for you to get started and take action while giving you a great return because of the low % down needed to get started. Once you get to this point, make sure to run your numbers for both while living in the house hack (lowering your living expense to less than what it would be to rent in your area) and post move out where you need to be at least break even after accounting for your monthly payment + maintenance, capex, vacancy, property management.
Best of luck getting started! Here for you with any questions you have along the way!
Post: Hello All Complete Newbie here looking to learn observe and plan!

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
I'd recommend that you keep/start learning! Podcasts, Books, and Mentors you find by networking.
I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor. Real Estate is just a part of your total financial picture so don't become too focused on just real estate. You'll want to learn more ways to increase your income now and in the future, keep your expenses low, and take the difference to invest into assets, real estate/business.
Once you get those kids out the door, consider a house hack! This will probably be one of the best strategies for you to get started and take action while giving you a great return because of the low % down needed to get started. Once you get to this point, make sure to run your numbers for both while living in the house hack (lowering your living expense to less than what it would be to rent in your area) and post move out where you need to be at least break even after accounting for your monthly payment + maintenance, capex, vacancy, property management. After you do this a couple of times, you can return back to your a similar living situation you're in now but with a few doors under your belt.
Best of luck getting started! Here for you with any questions you have along the way!
Post: Trucker here trying to find a pathway for first home ownership!

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
I'd recommend that you keep/start learning! Podcasts, Books, and Mentors you find by networking.
I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor. Real Estate is just a part of your total financial picture so don't become too focused on just real estate. You'll want to learn more ways to increase your income now and in the future, keep your expenses low, and take the difference to invest into assets, real estate/business.
As you mentioned above, a house hack will probably be one of the best strategies for you to get started and take action while giving you a great return because of the low % down needed to get started. Once you get to this point, make sure to run your numbers for both while living in the house hack (lowering your living expense to less than what it would be to rent in your area) and post move out where you need to be at least break even after accounting for your monthly payment + maintenance, capex, vacancy, property management.
In terms of location, I definitely recommend you finding a location where you have friends/family as boots on the ground while you're on the road or abroad!
Best of luck getting started! Here for you with any questions you have along the way!
Post: Seeking Advice from Those Wiser than Myself

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
Quote from @Raf Pinero:
Quote from @Ty Ash:
Hi @Raf Pinero!
I'd recommend that you keep/start learning! Podcasts, Books, and Mentors you find by networking.
I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor. Real Estate is just a part of your total financial picture so don't become too focused on just real estate. You'll want to learn more ways to increase your income now and in the future, keep your expenses low, and take the difference to invest into assets, real estate/business.
I usually give house hacking advice but I know that may not be feasible in your market. If you're going to be investing from a distance or out of state, I'd start building your networks now as well as get setup on the local MLS for those areas. Start getting your analysis reps in so that you know a good deal when you see one. Successful investors take consistent action, not just huge swings when they feel like it.
Best of luck getting started! Here for you with any questions you have along the way!
Ty,
Thank you for this advice. Will definitely pick up a copy of Set For Life as it was mentioned by another commenter on this post as well. I'm definitely interested in house-hacking, and have always viewed it as a smart way to get into a first deal; however, I'd likely need to relocate before I take this approach. The good thing is, I'm working in an industry that operates everywhere! So this is still a potential option for me. One question for you, and maybe we can connect off of this post, how does one go about getting "setup on the local MLS" for an area? In general, how can I connect with/provide value to Realtors/Brokers when my prospects of purchasing an investment property are 5+ years down the road? Any advice you have would be amazing.
Great question! Research agents here on BiggerPockets as most are investor friendly. If you're not expecting to close on a deal in the near future, be transparent and just ask if they can get you a search created in the local MLS. This shouldn't take them more than a minute or two. Be self sufficient on find tax info through local assessors sites and use tools like rentometer or the BP Rental Estimators to establish local rent ranges. You need to get good at the underwriting as you're going to be the one responsible for making the numbers work at the end of the day. Hope this helps!
Post: Seeking Advice from Those Wiser than Myself

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
Hi @Raf Pinero!
I'd recommend that you keep/start learning! Podcasts, Books, and Mentors you find by networking.
I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor. Real Estate is just a part of your total financial picture so don't become too focused on just real estate. You'll want to learn more ways to increase your income now and in the future, keep your expenses low, and take the difference to invest into assets, real estate/business.
I usually give house hacking advice but I know that may not be feasible in your market. If you're going to be investing from a distance or out of state, I'd start building your networks now as well as get setup on the local MLS for those areas. Start getting your analysis reps in so that you know a good deal when you see one. Successful investors take consistent action, not just huge swings when they feel like it.
Best of luck getting started! Here for you with any questions you have along the way!
Post: Best way a high school student get involved in real estate

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
I'd recommend that you keep/start learning! Podcasts, Books, and Mentors you find by networking.
I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor. Real Estate is just a part of your total financial picture so don't become too focused on just real estate. You'll want to learn more ways to increase your income now and in the future, keep your expenses low, and take the difference to invest into assets, real estate/business.
Once you get to the point where you're ready to buy your first deal, a house hack will probably be one of the best strategies for you to get started and take action while giving you a great return because of the low % down needed to get started. Once you get to this point, make sure to run your numbers for both while living in the house hack (lowering your living expense to less than what it would be to rent in your area) and post move out where you need to be at least break even after accounting for your monthly payment + maintenance, capex, vacancy, property management.
Best of luck getting started! Here for you with any questions you have along the way!
Post: I need help starting in real estate

- Real Estate Agent
- Milwaukee, WI
- Posts 187
- Votes 127
Hi @Penda Sarr!
I'd recommend that you keep/start learning! Podcasts, Books, and Mentors you find by networking.
I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor. Real Estate is just a part of your total financial picture so don't become too focused on just real estate. You'll want to learn more ways to increase your income now and in the future, keep your expenses low, and take the difference to invest into assets, real estate/business.
In most cases, a house hack will probably be one of the best strategies for you to get started and take action while giving you a great return because of the low % down needed to get started. Once you get to this point, make sure to run your numbers for both while living in the house hack (lowering your living expense to less than what it would be to rent in your area) and post move out where you need to be at least break even after accounting for your monthly payment + maintenance, capex, vacancy, property management.
Best of luck getting started! Here for you with any questions you have along the way!