Good Day to All from D. Moore

Good Day to All from D. Moore

Handyman · Philadelphia, PA · Member since 2009 · 8 posts · 0 votes

I am a "Newbie" in REI. I am trying now to put together my team. I would like to have you on it if you will. "The Fear of Failure Is What Will Keep Me from Succeeding". What I am truly in need of is a bonafied REI to Mentor / Teacher to show me step by step, preferably someone local to me. Do you know of someone?

Why do I need a Mentor / Teacher?
The answer is simple. People learn differently from one another. Some will pick up a book and learn, some will listen to speakers & learn, some will look at it & learn, & others like myself are those that feel they way to learning. I am more of a hands on person, 1st lets build the engine then teach how it runs while we're building it. To some I know it sounds strange but to others it makes perfect sense. I've read many books, gone to many seminars but have yet to fully utilize their teachings. Hence the reason for the mentor.
"The Fear of Failure Is What Will Keep Me from Succeeding".
This is my quote about me, at times we need someone to teach us to move past this.

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  • Real Estate Investor · Harrisburg, PA · Member since 2008 · 716 posts · 41 votes
    17y

    Welcome to BiggerPockets!

    Good luck in your mentor search. Here is certainly a good place to start your search.

  • Residential Real Estate Agent · roselle, NJ · Member since 2008 · 18 posts · 1 vote
    17y

    Hey Handyman.
    I presume that you already have the talk to make deals happen just by reading your post.You need to define what you want to do as an investor,the choice is yours: flipping,wholesaling, buy subject to, short sale or buy apt building. Then set a team of real estate professional you may need to close deals. Welcome to the university ; we learn so much in here and good luck.

  • Handyman · Philadelphia, PA · Member since 2009 · 8 posts · 0 votes
    17y

    I would like to go the Fix & Flip route now. I think that would be the best way to get my feet wet. Then move on to Multi Family, Short Sale(Maybe with the market as it is I should do this 1st :D ) then Apartments is my end goal. With the F & F I think rehabbing then a quick sale or 1 - 5 yr Lease Opt(with this my loan is paid by the renter not me :D ). I think Whole Sale would be frustrating for me finding someone quick to sell to.

  • Residential Real Estate Broker · Conroe, TX · Member since 2008 · 1k+ posts · 43 votes
    17y

    Good Day D. Moore!

    Wanted to pop in and welcome you to the group. I'm glad you joined. Looking forward to hearing about your many upcoming successful real estate ventures.

    Let's start by moving past your self affirmation to a new and improved statement. May I suggest an updated version?

    "The fear of failure did not stop me from accomplishing the success that I was destined to achieve"

    And to put your affirmation on hyperdrive I suggest reading 2 Tim. 1:7

    Peace....

  • Investor · Mableton, GA · Member since 2009 · 1k+ posts · 465 votes
    17y

    D, you have two things working for you already. You are in Phily and you are a handy man. That's is a great gift in this business. My first suggestion would be, don't try to jump too high. Find a property around $8K-13K that you can fix yourself. Yes, they are out there. If not Phily, try Pittsburgh. They out there for sure. If you consider yourself a good salesman, you can try flipping otherwise I suggest consider renting it out first. That will help you pay back money you may need to loan for the project. I must say that I'm not a good sales person that's why I don't flip, don't do double close subject to etc. I buy, fix and rent out. So far so good. If you need help in that area or answers to a specific question, I'd be more then happy to help. My e-mail address is down at my signature.

    Good luck.

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