Hello BP family!
Ever since I joined the BP a couple of years ago and read many inspiring stories, I FINALLY decided to take major action and quit a solid paying career as a surgical device sales rep to focus on REI full time (I decided to go all in and apply the sink or swim method). I don't have initial capital to invest; however, I've read from the forums that I need to create value for to the REI community so I decided the most logical next step is to get my RE license.
I am extremely motivated and hardworking; after I set my mind on a goal, there is no stopping me. After quitting 2.5 months ago, I have taken the required curriculum and successfully passed my California RE exam. Now, I'm waiting to receive my license in the mail as we speak. Understanding that continuous education in real estate is important I've listened to the BP podcasts, BP webinar classes, read the following books (just to name a few):
- Rich Dad Poor Dad
- Cash Flow Quadrant
- Investing in Duplexes, Triplexes, and Quads by Larry Loftis
-Guide to Buying and Selling Apartment Buildings by Steve Berges
- The Book on Flipping Houses
-The book on Estimating Rehab Costs
I'm writing this post to hopefully find someone out there who can walk me through a deal from start to finish. I want to learn how to find deals, run the numbers, and find investors to fund them. In return, I'll do ANYTHING that adds value to your REI deals whether it be driving for dollars, writing hand-written notes to potential home-owners you want to buy from, picking up phone-calls from tenants you don't want to deal with, making spreadsheets for you, tiling the kitchen or bathroom, pulling out the toilet you don't want to touch... anything that brings you value. At the very least, I could buy you get a free lunch and I can pick your brain for 30 minutes.
Otherwise, I would love to get any and all advice on the best steps of how to build a successful REI career here.
Thank you BP family! I am really excited to embark on this new adventure in my life and hope to get to share it with you from here on out!
Do you get a salesperson or broker license?
Are you looking to make commission or investment money?
Besides the license, what are good at? Sales? Language? Property management?
What do you want to learn?
I am getting my salespersons license. I'm looking to grow capital so I can invest in the future. I'm excellent at sales and communication. I want to learn how to find good deals and crunch the numbers. Short-term, I'd love to learn how to flip homes to gain capital to supplement my long-term goals which is to invest in apartment buildings.
If you are good at sale and marketing, lead generation might fit your background.
If you have leads, I will flip them. You get a finder fee.
Find leads in alameda county, where you live, or nearby areas. You can get the contact info from title companies.
Purchase price under 800k for SFR or townhouses, needs significant rehab, prefer really bad houses in nicer areas:
Code violation great
You can see how we do it in person, with all the financial numbers.
Following for knowledge in St. Louis, MO. Looking to do something very similar but from the MLO side.
Sounds like a plan. I will PM you when I do.
Forgot to mention that I love design and rehabbing spaces as well. My weakness is construction and estimating costs as I don't have any personal experiences with it yet. However, a goal I'd like to achieve is to be able to walk into a kitchen or bathroom and estimate the costs and materials needed to complete a project. If you have any projects going on that are under construction, Id love to come learn from you. In return, I can give you free labor like pulling our carpets or that toilet no one wants to touch.
Congrats on your career move too! Let's keep in touch, learn from, and motivate each other!
David Song and Virginia F, great job connecting. This sounds like a great mentor/mentee partnership forming. Love hearing about this. All the best to you both.
@Virginia F. Congratulations on jumping in with both feet! I am inspired and wish you the best. I look forward to reading future posts. Personally, I am also in the learning and raising capital phase but keeping my eyes open for potential deals.