Newbies from Centennial, CO

Hi! My name is Marjorie Wallwey. Along with my husband, Dean, I am a brand-spankin'-new real estate investor. We're interested in buy/hold/rent in areas with convenient car and/or bus commutes to Buckley AFB, the new Fitzsimons campus, DIA, and/or the redeveloped Lowry AFB. Primarily focusing on SFH and small multifamily (2-4 units). We're also interested in serving as a hard money lender. Our business plan is to have $1.2 million under control by the end of 2009. I currently work as the Communications Manager for COPIC Insurance; we're Colorado's leading provider of medical malpractice insurance for physicians. Dean currently works as a Senior Staff Software Engineer on classified programs for Lockheed Martin at the Waterton Canyon facility. We've taken 6 courses out of the 15 or so we've purchased through Rich Dad/Poor Dad and are eager to start putting our new knowledge to work.

Edited: 06/26/2010 at 06:24AM

Dick Green

Residential Real Estate Broker · Conroe, Texas

1596 posts
1347 Influence
4 Awards

Icon_minipost Nov 18 '08, 12:01 AM

Hi Marjorie,

Welcome to both you and your husband. I'm looking forward to hearing about your progress in the industry. What led you to think about the lending aspect of real estate?

Edited: 06/26/2010 at 06:24AM

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Anne *

Real Estate Investor · Denver, Colorado

111 posts
116 Influence
2 Awards

Icon_minipost Nov 18 '08, 11:53 PM

Hi Marjorie,

Welcome to BP! Great area to invest in, I think. Sounds like a good game plan.

-Anne

Edited: 06/26/2010 at 06:25AM

Jim Doine

Real Estate Investor · Myrtle creek , Oregon

343 posts
387 Influence
2 Awards

Icon_minipost Nov 23 '08, 10:23 AM

Hi Marjorie, welcome to B.P. I've seen quite a few other posts from people interested in Rich dad/ Poor dad education. Why don't you keep us posted on your progress and how they've helped you find your first deals.If you would like to post your prospective deals on the site I'm sure some of the more experienced investors would be happy to analyze them for you. Jim

Edited: 06/26/2010 at 06:27AM

Brendan O'Brien

Property Manager · Portsmouth, New Hampshire

102 posts
85 Influence
2 Awards

Icon_minipost Nov 23 '08, 11:13 PM

Welcome Marjorie and Dean. I read a book about your hometown once. How are the deals looking in your areas?

Edited: 06/26/2010 at 06:27AM

Sean Terry

Real Estate Investor · Arizona

52 posts
384 Influence

Icon_minipost Nov 24 '08, 03:34 AM

Congratulations on starting your career in real estate investing, I love this business and wouldn't want to do anything else. You can make it as big as you desire. Good Luck with your ventures!!!

Edited: 06/26/2010 at 06:27AM

Marjorie Wallwey

Real Estate Investor · Centennial, Colorado

9 posts
25 Influence
1 Award

Icon_minipost Nov 24 '08, 03:40 AM

Thanks to everyone for the warm welcome! I'll try to answer the questions you've raised:

Dick -- We're interested in the lending aspect because we have access to a fair amount of cash, and earning 16% is pretty tempting.

Brendan -- Considering how new we are to all of this, we're in no way qualified to say how the deals are looking in our area :lol: But, in the REOs we're concentrating on, there seems to be lots of potential.

Edited: 06/26/2010 at 06:27AM

Dustin Lyle

Real Estate Investor · Kentucky

123 posts
480 Influence
2 Awards

Icon_minipost Nov 24 '08, 12:30 PM

welcome to BP!!!

Hope you find it as informative and helpful as I have thus far..

Good luck,
Dustin

Edited: 06/26/2010 at 06:28AM