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Forums » New Member Introductions » Hello from South Florida

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Real Estate Investor · Deerfield Beach, Florida


Well, what can I say... better late than never :roll:

My name is Mike and Im from the South Florida area. It's great to be a part of biggerpockets.com which gives me an opportunity to learn from. Finally! A real estate social networking site.

I am an aspiring real estate investor (beginner level) and am looking forward to networking with alot of people here and make new friends. I also look forward to establishing relationships with those that can be my mentor to guide me through this venture.

Right now my goals are to increase passive income and increase net worth.

I also would like to add that I attended my first real estate seminar this past week (6/18,19,20) reference foreclosures by Jeff Schnitter from Enlightened Wealth Institute in the Miami downtown area at the Marriott and I must say, for a free three day seminar I learned ALOT. If anyone cares to share their experience with these seminars please do.

Well, thats all for my introduction, please feel free to ask me any questions if you have any. Again, I look forward to getting to know all of you and I wish you the very best in success.


Real Estate Investor · sioux falls, South Dakota


Welcome.
You'll be able to research on BP and other places for info and reports on EWI and Jeff. You then decide how excited you are about it. If this was just a plug for it, that won't be received well. Many first time posters have ulterior motives.... Hope that is not you. Rich.


Real Estate Investor · Deerfield Beach, Florida


Originally posted by Rich Weese
Welcome.
You'll be able to research on BP and other places for info and reports on EWI and Jeff. You then decide how excited you are about it. If this was just a plug for it, that won't be received well. Many first time posters have ulterior motives.... Hope that is not you. Rich.

Rich,

Thank you for the welcome. I am sorry but I do not know what you mean by "If this was just a plug for it, that won't be received well. Many first time posters have ulterior motives.... Hope that is not you." If you can please clarify so that I can give a proper response. Thank you Rich :D


Residential Real Estate Broker · Conroe, Texas


Hi Michael,

Welcome to the group. Have you decided on which type of properties you're going to invest in?


Real Estate Investor · Deerfield Beach, Florida


Originally posted by Dick Green
Hi Michael,

Welcome to the group. Have you decided on which type of properties you're going to invest in?

Dick Green,

Thank you for the welcome. I have been thinking about something like a 2-3 bdrm single family house or a duplex to start off. I am still researching to see what makes more sense for a beginner investor like me. Please share some input if you have some suggestions. Thank you.



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Real Estate Investor · Deerfield Beach, Florida


Originally posted by Dan O'Connor
Welcome aboard, Michael!

There are a TON of deals to be found in your area but...

I suggest knowing your local marlet place trends (haven't likely hit bottom yet) and having a solid exit strategy in place before you even begin looking for deals.


Thank you for the welcome Dan.

Where can I even start reference looking into having a solid exit strategy? I am not even sure what that means in the real estate investing world. Thank you.



This post has been hidden.


Real Estate Investor · Deerfield Beach, Florida


Originally posted by Dan O'Connor
Exit strategy - n. fancy-smancy term for how you plan to sell/get rid of a property.

For example... buy & hold, lease option, conventional sale, land contract, etc.


Thanks for the explanation Dan.

Well my goal is to replace my current monthly income of $3,000.00 to a monthly passive income of $5,000.00.

So I guess my exit strategy will be to buy & hold (rent out) properties to achieve a monthly cash flow of $5,000.00.


Real Estate Investor · Audubon, Pennsylvania


Originally posted by Michael De La Nuez
Originally posted by Rich Weese
Welcome.
You'll be able to research on BP and other places for info and reports on EWI and Jeff. You then decide how excited you are about it. If this was just a plug for it, that won't be received well. Many first time posters have ulterior motives.... Hope that is not you. Rich.


Rich,

Thank you for the welcome. I am sorry but I do not know what you mean by "If this was just a plug for it, that won't be received well. Many first time posters have ulterior motives.... Hope that is not you." If you can please clarify so that I can give a proper response. Thank you Rich :D



Although I am not Rich Weese, I understand where his statement is coming from - so I'll chime in, and let him say more when he gets around to it (he's busy with relocating as I understand things). Please note that I am not his spokesperson in any way.

Frequently, a new post will come into the BP forums, and it will be from a first time poster (or poster with very few prior posts) , AND it will praise some product / service / course / whatever. The experts here at BP will post to that effect, to alert others who might not be so wary. EWI may or not be worthy of such praise, and the more experienced investor would probably not speak as highly of EWI as a novice might.

As for these "free" weekend seminars, I have been to a few, not necessarily all from the same training entity. Regardless of the trainer, each one was a platform for an upsell to rather pricy paid training. There are threads here on BP where people have paid for these subsequent trainings, and not been very happy (and there are probably those who were pleased as well). The giveaway usually comes where they ask attendees to get the credit limits increased on their credti cards - to charge the paid training. And when you are at the "free" training, you should be able to notice that the power point presentation slides will have inconsistent background graphics - these are selected slides taken from the varying modules that are to be sold, so you get a flavor for the content of all modules without all of the meat [some of the trainers have caught onto this and gottne their background graphics to look alike between modules].

My suggestion: take the free training and avoid the upsell; more training and info are available elsewhere.


Real Estate Investor · sioux falls, South Dakota


Welcome Michael.
Steve said exactly what I meant. Many posters come on here with a "pitch of some sort" camouflaged with a question. It is mostly a plug for some seminar group or website. That is what I meant. Thanks Steve. Yes, we're extremely busy trying to finish loose ends before re-locating to FL. Rich


Real Estate Investor · Los Angeles, California


Michael,

Welcome to the forum.

If I may humbly piggyback on what Rich and Steve outlined. There is ample information available -- for free -- on BP. Drink up, my friend.;-)

Anthony


Real Estate Investor · Toledo, Ohio


Welcome Mike!

I think you'll really enjoy it here on BP. There is a ton of info and for a fellow "newbie" like myself, I'm sure there is a lot you'll soak up like a sponge.

Look forward to hearing about your first deal when you take the plunge.


Real Estate Investor · Hollywood , Florida


Welcom Micheal, My name is Michelle. I also in south florida and I have been wholesaling for several years now. I love the whole REI business and I'm very passionate about it. I am still havent done my first rehab yet been will be very soon. [SOLICITATION REMOVED]


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