General Real Estate

4 Replies

What’s going on everyone, this is my second post and I just wanted to formally introduce myself and let everyone know what I’m about. To start, my name is Jerrin (most call me JB) I live in Farmington Hills,MI right now, I’m 19 and currently part time student studying in Architecture. I really love Real Estate and just learning in general. I’ve been recently listening to BP everyday for around 6-8 hours just taking notes and getting familiar with terms and techniques. I also have a list of over 30 books I’m trying to tackle one by one.

In the next 3-5 years I see my self heavily invested in both single and multi family homes. I also will be creating my own development/construction business that focuses mainly on commercial and vacation rentals. I really want to invest in my first multifamily home buy the end of this year.

I am moving to Wesley Chapel in FL in a few weeks, and I don’t really know where to start. If anyone in the area can point me in the right direction to get started on my journey that would be greatly appreciated.

Hello Jerrin!  There's so many things to tell you.  One of the first things I would do is knowing the area you are living in in Florida very well.  I would also recommend some of what you're doing like listening to all of Biggerpockets as you can and pick just 1 or 2 styles of real estate you would like to be in and reading books on those styles you take.  The more units to buy, the better or the more you can make at one address.

Who the hell am I anyway?  I was a licensed Real Estate Broker in Dallas Texas for about 30 years as well as being a construction manager for about 30 years.  I know a little about what I am talking about.  You are moving to a nice state for this business.  Be involved with local real estate clubs as well as events.  Network there as most as you can because all different levels of successful people that go there.  

Sorry about that I'm not too tech savvy.  I'll continue.  Just make sure who you're learning from experienced people that know what they are talking about.  When I graduated from college they were not selling personal computers.  Whatever you choose to do, be prepared and sound like an expert.  Try to get yourself noticed on all social media places and know how to use them.  I would tend to stay away from most commercial property.  I would recommend residential property from single and multifamily homes and apartment complexes.

Be on the lookout for property you can add value to.  The more you learn, the more confident you will be.  This may be a little out of place but always be prepared for anything that could happen in the future.  You might become a liability or have to support a family member.  I know what I am talking about.  

I'm sorry but I did it again.  What I was going to say was that when I turned 54 I had a brain annurism and a stroke and have not been able to walk for over 8 years and they happened two days before my scheduled preventative surgery and I never anticipated that because I was in perfect shape and a Chiropractor told me to get a brain MRI.  I was real lucky that my wife had been saving money for about 30 years and my mother got a nice inheritance from her dead boyfriend.  

There's many free webinars on the internet about real estate but watch out for salespeople.  Do not make an emotional decision.  The internet is full of crooks so watch out.  Keep your deals within an hour drive from home.  I was lucky that I was at home when that happened and my wife was able to call for an ambulance.  I now have Pentium in my head and my brain is still able to learn.  I've read about 170 books in the last 5 years about real estate investing, sales, and business. I've been to be in the physical condition that kept me away from work and I am lucky that my wife's boss has given us many benefits.  She has been a computer programmer her whole adult life.  I have been holding football as the main reason I had that head injury.  It was at a time when the coaches did now about the head injuries.  Always analyze in the worst case scenario and do not assume that anything good will happen in the future.  Good luck to you!