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Updated about 22 hours ago on . Most recent reply

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Hong Ho
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Eager to connect! How to start!

Hong Ho
Posted

Good morning! It is a pleasure to join the community. I am new to real estate, and would like to learn as much as I can through BP before buying my first investment. I would like to focus on long-term rental with short-term goal of cash flow. I would appreciate any guidance on reading materials as well as practical advices. Thank you so much in advance.

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Melissa Justice
#2 Classifieds Contributor
  • Rental Property Investor
  • Phoenix, AZ
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Melissa Justice
#2 Classifieds Contributor
  • Rental Property Investor
  • Phoenix, AZ
Replied

@Hong Ho,

Welcome! You're in the right place - BP is one of the best communities for learning, networking, and getting real feedback from people actively doing deals.

If you're focused on long-term rentals with a short-term goal of cash flow, that’s a smart foundation. One of the easiest ways to get started is by investing in cash-flow-friendly markets like parts of the Midwest or Southeast - think Birmingham, Kansas City, Cleveland, or Indianapolis. These markets typically offer strong rent-to-price ratios, lower barriers to entry, and solid property management infrastructure, especially for out-of-state investors.

For reading material:
"Buy, Rehab, Rent, Refinance, Repeat" by David Greene - great if you're eventually looking to scale with BRRRR.
“The Book on Rental Property Investing” by Brandon Turner - the go-to for fundamentals.
BP forums + podcasts - browse by topic or market. The Q&A and case studies are gold.

A turnkey rental might be worth exploring for your first deal. It gives you a chance to own something rehabbed and tenant-occupied with professional management in place, which can reduce the learning curve and risk early on.

Happy to help if you’re comparing markets or need help analyzing a deal. You’re taking the right steps - just keep going one move at a time!

Best of luck,

Melissa

  • Melissa Justice
  • [email protected]
  • 313-221-8718
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