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A man trying to exit the ' Ratrace '
My name is Jose
and I am brand new to the real estate investing/wholesaling niche. I am
very motivated to begin my real estate career in wholesaling (the proper way) or flipping houses part time as I still am working my daytime job. Ideally am searching for a mentor or teacher in the Sonoma County area, I know time is a valuable thing and I am willing to trade my time for your knowledge . As my parents always said any knowledge is good knowledge if you learn from it. I look forward to getting to be able to learn from some of you or even connect. Thank you for your time in advance and hope everyone has a great day!
Jose
Hey Jose, this is a great place to learn and to connect with people so take advantage of all the great resources!
- (561) 253-6640
- http://www.Engineeredtaxservices.com
Why are you starting in wholesaling or flipping? Can you not afford to buy a house and rent it? Set yourself up for success that you can start today instead of chasing after the phantom goals of wholesaling and flipping which are more advanced and can come over time with the experience that you build.
Welcome to Bigger Pockets!
This is a great place to learn and network.
If you are looking to connect with other members near you, or want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users
I really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts
Why not start with a house hack? I have yet to see a better and safer way to get started that can have the most impact on getting out of the rat race. Buy a duplex or SF and rent by the room. Take advantage of owner occupant loans, eliminate your mortgage expense and free up your budget to scale your investments faster.
So @Jose Ramirez you can see that people rom BPS are more than willing to share their thoughts. Some are a little more polite and helpful than others but a lot of u are will to share. The first thing that you might pick up from the others is that are a lot of ways to get into this business. The key is to start by developing your personal goals and then learn how to achieve those goals. Looking for a mentor is a great start. And getting on BPS is really good way to let people know that's what you want t do. But it might better to meet people face to face and get to know them before asking them to share years worth of knowledge. To that end you may want to find your local REIA and join that. Go to all of the main meetings and sub group meetings and interact. In between meetings read everything you can to do some self education. BP has a lot of good resources. The next webinar you listen to will most likely urge you to become a pro. You will gt a discount and bonus code. Its worth it. And you may very well get some good bonuses thrown in. Min were some great beginner books by Brandon Turner and J Scott. So get those nd read them. Also look for BRRRR by David Greene. Now, armed with the knowledge of how to set your goals, the knowledge you will gain from the webinars and books, and hopefully a mentor, you can get to work. Put your detailed goals in writing and develop plan to reach those goals. Depending on what you want and what kind of capital and time you have you may find that wholesaling isn't right for you. Or maybe it is. But to be successful you need to lay out your game plan, step by step. If you are just so eager to get going an want to do something right now take the advice from @Ryan Howell and house hack. Its usually a pretty safe and and will definitely get you heading in the right direction. Then while you grow capital and equity you can be planning and learning.
Best of luck!