5/25/12 IMPORTANT ANNOUNCEMENT: MAJOR BP Update Next Week!

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Forums » BiggerPockets Real Estate Investing Summit » FREE Ticket to BiggerPockets Summit Giveaway

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Real Estate Investor · Bakersfield, California


Ticket giveaway update.

Last month I offered 2 tickets to the BiggerPockets Summit through a write in competition. There was a single winner. :(.

Which leaves 1 ticket available.

My first thought is that the person must be able to travel and attend the entire Summit or their entry would be unuseful. I understand it is expensive and travel and accommodations are expensive.

With this said. I've upped the offer.

1 ticket plus 500 towards travel

After you attend and if you fax/email/mail me receipts I will reinburse you up to 500 dollars.

To enter to win please tell us how this summit will benefit you. Don't be shy. Best entry in my opinion wins.

As for Andy who won the first contest. I will offer you the same 500 dollars in spending money. It just seems fair.

Small_ylmMichael Quarles, Yellow Letter Mail
E-Mail: michael@YellowLetterMail.com
Telephone: 888-YOUR-MAIL
Website: http://www.YellowLetterMail.com
1-800-Sell4Cash Territories are available for 147.00 per month.


Real Estate Investor · Lake Forest, California


Great incentive!


BiggerPockets Founder · Denver, Colorado


You continue to impress me @Michael Quarles. That's a pretty amazing offer and I think there are a few people that will be taking you up on it.

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


Real Estate Investor · Wheat Ridge, Colorado


That's a pretty incredible offer. You just have to write an essay to get a ticket and travel money. Give it a shot, folks.

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


Real Estate Investor · Bakersfield, California


Who wants to go. It's going to be an educational experience.

Small_ylmMichael Quarles, Yellow Letter Mail
E-Mail: michael@YellowLetterMail.com
Telephone: 888-YOUR-MAIL
Website: http://www.YellowLetterMail.com
1-800-Sell4Cash Territories are available for 147.00 per month.


Real Estate Investor · Hackettstown, New Jersey


Where do I write it, here? Do I get bonus points if I use a yellow letter? LOL

Keith


Real Estate Investor · Bakersfield, California


Keith please post here.

And this isn't about me or yellow letters. At ones time in life all we have left is appreciation and help. I certainly hope investors are not, not posting because they feel like their message won't be heard.

This is all about passing it forward.

Small_ylmMichael Quarles, Yellow Letter Mail
E-Mail: michael@YellowLetterMail.com
Telephone: 888-YOUR-MAIL
Website: http://www.YellowLetterMail.com
1-800-Sell4Cash Territories are available for 147.00 per month.


Real Estate Investor · Hackettstown, New Jersey


Will do Michael! Need to gather my thoughts. The YL was just a joke, since it ties into Essay writing. I know you are paying it forward and that you are sincere, I first heard you on a couple podcasts a few months back.


Real Estate Investor · Hackettstown, New Jersey


BP Readers,

As you can tell from my posts, influence and awards, I am a newbie around the halls of BiggerPockets. In my short time here, I find myself looking forward to the Sunday night newsletter where I open just about every single link and read the blogs and forum posts (and download the free download). I have learned so much in such a short time frame.

A little about myself: I am a 9to5er, but have had my foot in the RE door part-time as an agent/broker in two states now (NY & NC), but my JOB has taken me to NJ, where I just went in-active with my RE license in NC and sold my website - LovingCharlotte.com. So I know some about RE, but recently had my eyes opened to REI and truly realize that is where I can (will) become financially independent. (no not looking to make millions). My ultimate goal would be to have enough passive income to cover my life expenses and have no debt. (now that should be the "American Dream"!). I am lucky enough to have three great kids, and an un-paid roof over our heads!

What I would love to get out of the conference is simple. I just want to network, and meet some like minded people that are like @Michael Quarles, and willing to pay it forward, so that some day, I can do the same! I have to tell you I am super-stoked to see @Michael Zuber teaching a class, because I know he has a full time job like myself. I would love to soak up a pinky full of knowledge that @Rich Weese, has to offer, and especially @Jeff Brown, who I have followed over at bloodhoundblog. There are just so many knowledgeable people I hope to meet!

It would not just be all smoozing and binge drinking either, because some of the agenda has me wanting to soak up knowledge like a sponge on a cactus (I totally made that up, and cut me some slack it is 2 AM, as I write this!). Seriously I saw these classes and I know I need them all!
-Real Estate Deal Analysis
-The 50% Rule - Using it to Find Great Deals
-Raising Capital for Your Investments Legally
-Mobile Home Investing
-Using Proper Entities for Your Real Estate Business

So, that's it in a nutshell about why I really want to go. Even if I do not win, I am making a 2012 goal to attend as long as I profit over $4,000 between now and March, as an investment in myself.

With that said, let me publicly, put forth my 2012 goals for the year. Since I am dead-broke, I plan on accomplishing 6 transactions consisting of either straight up wholesale deals or with a combination of wholesale leasing optioning. I plan to accomplish this by marketing with 100 (or more) bandit signs per month, along with hitting Probates in three counties surrounding me. Of course any a large percentage of profit will be reinvested back into the business, so that 100 bandits can become 1000 by the time the Mayan Calendar ends my reign of prosperity!

Happy Investing - Keith


Real Estate Agent · Milwaukee, Wisconsin


I had responded with my reasons I want to be able to go in the other post when you INITIALLY posted about this. I'm hoping my "entry" is still valid!! I have friends in Denver I could stay with; and I could get down there.


Multi-family Investor · Rochester, New York


I found BP in 2010 a few years after I began my rental business. At that point I had already acquired a few cash flowing properties, and was overwhelmed by the amount of support and guidance BP provided openly to promote success in the real estate investing arena. I immediately jumped in with both feet and began asking questions, and answering questions where I felt qualified. At first I did more asking then answering, but as I gained knowledge through experience and my new found mentors on BP, I began answering more questions and participating in BPs goal of building a framework of easily accessible information. But that wasn't the most intriguing feature of BP that hooked me, it was the open forum where idea sharing lead to brainstorming and novel solutions to old problems.

In every industry business balance sheets are in a constant state of flux. Simply relying on age old questions and answers is not enough. As professionals and entrepreneurs we must peer into the future and position ourselves for prosperity despite the unknown factors. When the history books are written on this era, we'll see how wealth preservation became challenging in a time of extreme market volatility and government interference. It will take industry leaders like Josh Dorkin and the mentors found abundantly in the BP forums to accurately map where we're going, and attempt to predict which ways we need to go to stay successful.

I believe that I am one of those leaders, and as my experience grows I will continue to encourage entrepreneurship, creativity, self discipline, and motivation through inspiration and leadership. The reason I would love to be selected for this awesome donation is simple. I'm involved in a business start-up! I'm closing the books on 2011, and to no surprise I'm in the red. However, it is the good kind of red that will eventually lead me back to black!

Sincerely,
Mark Updegraff


Real Estate Investor · Wallingford, Connecticut


Michael,
Bumping this very generous offer, to see if you get some more responses.

Raymond


Real Estate Investor · Chemnitz, Saxonia


@Renae Bliss :
You should copy and paste your other post into this topic.

-Uwe


BiggerPockets Founder · Denver, Colorado


(Pardon the Interruption)

@Uwe S. to use the @Mentions, you need to click the person's name when it appears below the text box.

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


Real Estate Investor · Chemnitz, Saxonia


Ok I understand, thanks @Joshua Dorkin and my message again to @Renae Bliss: You should copy and paste your other post into this topic.

-Uwe :)


Real Estate Investor · San Angelo, Texas


This summit will not only benefit me, but also my real estate partner, my wife.

A little background on us:

Married at 19
Two kids
Both Air Force Veterans
Me - IT guy
She - Geologist

A series of crazy events led us back home to San Angelo, Texas last December from the sunny City of Phoenix. After I was injured at work and could no longer type (carpal tunnel) and a family member having terminal cancer, we quit our jobs and came back home. After recovering from wrist surgery, spending months with family, and mourning the loss of my wife's father, we had to move forward.

I first read about the idea of passive income and cash flow from one of my favorite web sites; www.earlyretirementextreme.com . Although now defunct, in the sense that he returned to employment, I contribute the author Jacob Fisker as my inspiration for introducing ways to generate passive income and the power of cash flow to become independent from traditional employment. I found BiggerPockets by accident when a forum posted on Jacob's website entitled "Rental Properties for Income" had a link. I was hooked. I found my new passion.

Our real estate deals:

At the library, we borrowed a few books on real estate. Some of my favorites were from Author Robert Kiyosaki and his Cash Flow Quadrant. Although not very detailed on making real estate deals, they did provide the drive to keep us focused on real estate.

Our first deal was a small two bedroom one bath (720 sqft) property. It was listed on MLS for $21,500. We made an offer of $15,000 and came to an agreement on $16,500. It came with a fresh paint job and was solid. We had a new roof and carpet installed, washer and dryer connections put in, and the exterior caulked and painted. Two weeks later our new property manager had a tenant for us.

Our second deal landed in our laps. At the closing of our first house, our real estate agents lawyer handed her a list of 20 properties that were not listed on the MLS yet. Tragedy struck for another real estate investor. His properties were being liquidated by his estate. We looked at 10 or so of the properties that looked good on paper. We made three offers, one we closed on. The four bedroom two bath home was in a good neighborhood, close to an elementary school. We purchased the house for $37,500 with $10,000 in renovations and the knowledge that if a contractor tells you it will take one week for repairs, quadruple that time table. After receiving feedback from the BiggerPocket forums, we decided to flip this property for $80,000 and shoot for more deals like our first. This house has been listed on MLS for about a month now with several viewings.

Our third deal is in progress. Another four bedroom two bath property close to a high school. We bid emotionally and paid too much (lesson learned). All is not at a loss as we are gaining experience in plumbing, window installation, and the benefits of a great first aid kit. We paid $52,196 and will have invested a few thousand in repairs when were done. Owner financing this one is our next learning experience.

The power of an educational experience and how this summit will benefit us:

I don't know if it was the smell of asphalt burning under my shoes or the exhaust of hundreds of vehicles. Those hot afternoons pushing shopping carts in a Wal-Mart parking lot in 1995 were a lot different from the Air Force life I knew a few months back. Something had to change; I was convinced an education could do just that. I enrolled in college three months later.

Each major junction in my life seems to begin with learning. Learn to march, learn to write computer programs, and learn to analyze deals. So Michael asks how we would benefit from this summit. Our goal this year is to double our cash flow from the previous year. This summit would hopefully play a large part in helping us meet this goal. As I hate to use clichés, Information is Power. This summit may give us the information edge we need to keep growing our portfolio and meet our real estate goal.

Paying it forward:

As Michael stated he is just paying it forward. If selected, I will pay it forward also. As a new real estate investor, I don't have the experience to contribute much to these forums or become a mentor just yet. I can leverage my skills in the computing field and will contribute 6 hours of computer/network assistance to anyone in my town.

Thanks, Will M.


Real Estate Investor · Fort Polk, Louisiana


I've been an investor since 2003 and have rental properties in three states, Hawaii, Arizona, and Texas. I'm waiting to close on another rental property in my current state of Louisiana. Upon reading this you may say "Wow, he has rental properties in three soon to be four states".

After more insight, you'll find out that I travel a lot mainly due to my current profession, the US Army. This is more than a 9 to 5 job especially looking at the state of the world we live in. I'm literally on call, and go where the Army tells me to go. In the midst of moving from the states mentioned above, I also made visits to foreign countries that make the news daily, Afghanistan and Iraq. The juggle of managing my profession, the rental investments, and family makes things that much more complicated. Am I complaining - no. Just stating the facts.

Last year I made a significant change and stopped my IRA contributions. For years, I thought I could be financially free with my IRA, investing in gold and silver, investing in foreign currency, and living below my means. For some reason it took me too long to realize that these are just good investments and would take years for me to reap the benefits. The one investment that would allow me to be financially free, sooner rather than later, was looking directly at me. This investment that I held for the past nine years was real estate.

Real estate would allow me to help those who need a home, allow me to improve the property value of the neighborhood, retire comfortably from my profession, and give me the time to see some of my most precious assets grow up in this world, my kids.
Attendance at the Bigger Pockets Summit Giveaway would allow me to learn other ways to invest in real estate, meet some incredible people, give me more tools to live financially free, and make some new friends for life.

I'm a buy and hold investor focused on single family homes. One day I'll transition to commercial real estate. My five year plan is to have cashflow replace my current income and complete my transition from the Army profession to full time real estate investor. My current plan is on track and I'm seriously focused to make this plan happen.

This is an offer I couldn't pass up and want to personally thank Michael for his generosity.


BiggerPockets Founder · Denver, Colorado


@Will Murphey, @Thomas Handy and any other active duty military professionals or vets, we do offer discounted passes for you guys, fire and police, government employees, and full-time students.

I just wanted to make sure you all knew . . .

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


Landlord · Seattle, Washington


A great way to learn more about our fellow BP members. I wish all of those writing a bio good luck. Thanks @Michael Quarles for your generous offer.


Real Estate Investor · Surprise, Arizona


By attending the BP Summit I will be able to network and gain valuable knowledge regarding Real estate Investing.I've introduced myself to the general BP family and only garnered a couple of responses.By winning this contest I would like to gain a mentor (s)that would take me under their wing and teach me the ropes.A lot of times people don"t walk the walk nor talk the talk when saying they will pass things forward.If we all take the path demonstrated in the movie then the world as a whole would be a better place.I need to be at this summit so I can glean every drop of information that I can while being surrounded by people who are in the trenches everyday.

As I am a new investor the exposure gained by attending a convention would be absolutely tremendous opportunity for me to grow as a person and investor.

Allow me to tell you about me. I missed Christmas. Four years ago I was involved in a serious auto accident that nearly cost me my life.I suffered a broken hip,pelvis and femur.Fractured elbow and clavicle.Broken ribs and a punctured lung.I was in a coma for 10 days.Yet,through God's grace I was allowed to live.I had to learn how to walk again while undergoing multiple surgeries to remove and replace hardware that was installed to save me.

Meanwhile my personal life fell apart to the point that my wife and I divorced as well.

So that leads me to right now in my life.I want to be able to learn about the real estate investing business.I would love to enjoy networking with likeminded individuals that would help me grow my business.The benefit of the summit would be tremendous for me.The last reason for my interest is my mother she's stuck by me throughout all of this and I would like to be able to repay her by being successful in this endeavor.Anyone that would be as generous as you to help others must be a special individual.

In closing,I would love to enhance my knowledge of Real Estate Investing by attending I,too would be able to pay it forward like you have @Michael Quarles.

May God Continue to Bless you.

Demond




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