Officially a real estate investor

Officially a real estate investor

Rental Property Investor · Villa Rica, GA · Member since 2014 · 220 posts · 360 votes

Thanks to everyone involved at BP. Especially @Joshua D. (I miss you on the podcast) and @Brandon Turner. I have been working to get involved in real estate for the last 8 years. I listened to every podcast at least 4 or 5 times over those years. I know most of you would think why did it take that long. 

It should not have taken that long but I've never known anybody that owned property, not even a car. I grew up in deep poverty in rural south Georgia and never knew about owning anything. I also didn't understand personal finance. I definitely didn't understand real estate finance. Had to go through a complete mind shift (still growing every day). 

I've grown a lot in many different areas and I know @Mindy Jensen and @Scott 

@Scott Trench changed my life with the money podcast. It really helped me get my personal finances together which allowed me to use my personal financial position to purchase this property. 

I closed on a triplex 2 days ago and I'm still on BP for hours listening to all the BP advice on what to do every step. I hope to continue to build portfolio so I can build wealth for my family and leave something to my kids. Also spread this mindset to others that have never came anywhere close to understanding the power of real estate.

Thanks BP! Yall are great people and really are changing lives for generations of people.

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Scott TrenchPro Member
Rental Property Investor · Denver, CO · Member since 2014 · 2k+ posts · 6k+ votes
7y

Congratulations @Byron Scott! That's great to hear that the money show was helpful and great that you are on your way to building a great real estate portfolio. I expect you have a mountain of work ahead of you, but also that the snowball is beginning to pick up and start accelerating for you!

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  • Rental Property Investor · Lansdowne, PA · Member since 2014 · 60 posts · 20 votes
    7y

    Congrats, @Byron Scott! You have a bright future ahead of you.  I am excited for you.  A lot may not understand, but it is so true that in order to succeed, you must change your mindset.  Make action plans and DO IT! Very inspiring.  Welcome to the world of investing!

  • Rental Property Investor · Villa Rica, GA · Member since 2014 · 220 posts · 360 votes
    7y

    @Ashley W. 

    @May Almario Mendoza @Ian Walsh @Antoniella Ranga 

    @Jerome Hawkins Thanks for your kind words. I'm hoping to spread what I learned as much as possible. I know you all are doing great things. I'm just glad to be a part of the community.

  • Rental Property Investor · Villa Rica, GA · Member since 2014 · 220 posts · 360 votes
    7y

    @Amy C. Thanks so much for the words of encouragement. It really helps. 

    @Stephanie D. I'm glad I have been able to grow. Look forward to growing more. Glad I'm able to share. 

    People like you all make BP great!

  • Rental Property Investor · Burleson, TX · Member since 2018 · 20 posts · 5 votes
    7y

    So awesome! Congratulations! This is the been the best community for constant support and learning. Good luck on the rest of your REI journey.

  • Matthew ChildsPro Member
    Member since 2019 · 8 posts · 0 votes
    7y

    @Byron Scott. Congrats. Inspiring. Wishing you good luck and continued growth!

  • Brandon CrinerPro Member
    Member since 2018 · 7 posts · 1 vote
    7y
    @Byron Scott Congrats! That's awesome! That's an impressive accomplishment, keep your head up and keep striving for your dreams. Don't worry about how long it took you to get here, most give up before it comes to fruition. You just set the standard for your little ones to look up to! super proud bud!
  • Rental Property Investor · Milford, NJ · Member since 2017 · 9 posts · 1 vote
    7y

    Congrats @Byron Scott! Keep pushing forward as you’re sure to inspire others.

  • Member since 2019 · 8 posts · 1 vote
    7y

    Thank you for your humility in your post to share all of that. I am a mortgage lender also & trying to help people all the time grow in their understanding of finance & credit so reading this where you started in your finance knowledge to now just made my day! 

  • Nikiski, AK · Member since 2018 · 12 posts · 22 votes
    7y

    Wonderful.  Now figure out how to thrive.  Slow and steady win the race.   I personally like very low LTVs (loan to value ratios).  I keep my equities high and my loan balances low or paid off.  That way, no matter what happens, I can handle it.  I'm very careful about my renters.  It easy to make the right people happy. They are my honored customers who deserve my attention and my best work. 

    Good luck!

  • Joshua DiazPro Member
    Rental Property Investor · Bronx, NY · Member since 2015 · 269 posts · 165 votes
    7y

    @Byron Scott

    First of all, congratulations!! You have made a very important first step towards your financial future. 

    And with a triplex, no less!

    Keep pushing forward and get ready to do some serious learning.  As you already may know, there are plenty of folks here that have just gotten started or at the point where they want to. 

    Always be willing to bounce questions or concerns off bp.

    I only have a duplex myself and it has been a slow but deep learning process.  I’m glad that I did it.

    All the best to you!

  • Rental Property Investor · Villa Rica, GA · Member since 2014 · 220 posts · 360 votes
    7y

    @Sara Shinn Yes BP is a great support system thanks for your kind words.

    Thanks @Jessica Burrell @Matthew Childs and @Diego Arbelaez words of encouragement keeps me going.

    @Brandon Criner Thanks for the encouraging words and being a good example for others is my why. Keeps me going.

    @Wenda Kennedy JD Thanks for the advice! I'm definitely into minimizing risk and maximizing cashflow.

    @Joshua Diaz congrats on your duplex. I've been learning so much each day in the little time I've been going. Thanks for your kind words of encouragement! 

    Thanks to all! 

  • Member since 2018 · 1 post · 0 votes
    7y

    Congratulations Byron Scott! What an inspiring story. Good for you for hanging in there and it sounds like you bought a very rentable property in a good location. Wishing you continued success. 

  • Real Estate Investor · Anaheim, CA · Member since 2012 · 6 posts · 0 votes
    7y

    What an inspirational story! Well done and wish you best of success in your future endeavors.

  • New to Real Estate · South TX · Member since 2013 · 45 posts · 15 votes
    7y

    Congratulations on your first deal, time doesn't really matter just as long as you start. Wishing you much success in you real estate adventures. I have family in the Villa Rica area so I know what you mean when you say a lot of people don't own properties or even even cars. 

  • Rental Property Investor · Milwaukee · Member since 2018 · 44 posts · 36 votes
    7y

    This is a wonderful story. Great. Congrats on your triplex. BP is the place to be.

  • Rental Property Investor · Dallas, TX · Member since 2016 · 27 posts · 10 votes
    7y

    Congrats man!  This is the kind of news that needs to be spread.  I love it.  First the mindset shift, then cleaning up the finances and now it will be deal after deal. Best of luck and keep helping others.  Mindset is everything!

  • Austin, TX · Member since 2019 · 29 posts · 10 votes
    7y

    This is amazing! So good to see all the hard work and learning pay off. And definitely an inspiration to the rest of us who aren't too invested yet and still learning every day. Congrats!!!

  • Columbus, OH · Member since 2017 · 101 posts · 56 votes
    7y

    @Byron Scott

    Such an inspirational story!! Congratulations on your first investment! I too come from very humble beginnings and I know firsthand how hard it is to do a total shift in mindset. Wishing you much success on your future endeavors!

  • Member since 2018 · 36 posts · 11 votes
    7y

    Congratulations!!! You've done the hardest part, which is to start. Now Keep going, no matter what, and you WILL achieve success!!! Kudos and keep at it!!! You have our support and admiration.

  • Lawrence L.Pro Member
    Rental Property Investor · Bronx, NY · Member since 2008 · 144 posts · 64 votes
    7y

    @Byron Scott Congratulations on first property. Your tenacity and willingness to keep learning letting nothing get in your way. Proud of your efforts and proud of you!!!!!!

  • Real Estate Investor · Central New Jersey · Member since 2015 · 67 posts · 29 votes
    7y

    I am so proud of you! You did it! Welcome to the club! Stay focused. Keep moving one property at a time. We’re all in this together!

  • Lisbon, ME · Member since 2019 · 4 posts · 1 vote
    7y

    Way to go Byron! 

  • Member since 2019 · 23 posts · 1 vote
    7y

    @Byron Scott Great job man I also live in Georgia and I’m looking to buy my first property. I hope one day I will be posting my first purchase.

  • Rental Property Investor · Duluth, MN · Member since 2018 · 6 posts · 1 vote
    7y

    Great story! I'm new to REI myself and BP has been a HUGE resource. Keep grinding!!

  • Rental Property Investor · Hanover, MD · Member since 2018 · 34 posts · 3 votes
    7y

    @Byron Scott

    Congrats!!! Like you I’ve been listening to EVERY podcast I can! I can’t wait to really dive in!!!! Congrats!!!

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