All Forum Posts by: Vincent Harris

@Wes Blackwell thank you so much for that information. 

i am familiar with those locations and they are all in a decent driving distance from where i am. If the numbers worked i definitely would be interested in investing in my backyard. I was just keen on investing out of state due to the fact that where we live for the most part is very expensive and i didn't see it as a good investment to make a monthly profit. 

Are there any other sites i could use to look at current for sale properties in my area besides craigslist, loopnet and the other big sites? 

i feel that if the investment was worth it and the monthly profit was right i would be ok with putting that 85k down if needed. As long as within an acceptable time i can use those profits to add to my portfolio and purchase another property. 

Also, luckily i work a crazy rotating schedule at work so my job allows me to have ample time off each month. I feel that if there was a dire need for me to respond to my out of state property i would be able to make the trip out there. 

What do you think i should do to launch my investment career? should i go to the bank and secure financing then shop or how should i go about starting? 

@Matthew T. My goals are to definitely be able to leave my job and retire early to spend more time with my son who will be born this year. I would like to set up an established portfolio so one day I will be able to teach/leave him something. 

I am definitely interested in the buy and hold investing rather than quick flips.

Hello BP. This is my first post as I am a newbie to this site. 

I currently work full time, and after spending countless months deciding what avenue i would like to life to go i decided i would like to learn more about real estate. I have been doing all my real estate research on blogs, books, podcasts, websites and the BP forum. I finally decided to make a post. 

This is something that i am very serious about, I tend to try my hardest when a challenging task is at hand. My main goal is to get into the multi family dwelling business. I feel that has some of the greatest returns monthly for my investment. I would like to buy and hold. Eventually making enough money to either pay the homes off or use that profit towards other investments. Long term goals are to produce more income for when i retire and to eventually be able to quit my job and focus full time on investing. 

I currently own the home that i am living in and i feel that i am in the perfect situation to begin investing due to the fact that i have tons of equity on the house and currently have an open HELOC on the house. My HELOC loan is in the ball park of about 90k. One of my holdups is i am not sure if i should put small down payments on numerous real estate purchases or a big down payment on one big real estate purchase.

I live in northern California and it is very expensive to live out here so i know it will be very difficult to invest and actually make a profit and make it worth my time, so i have been researching purchasing out of state. 

I guess my main question to the Bigger Pockets world is where should i start with the money i have?