Flipping,Wholesaling Landlord from Chalmers, In. Joins BP

Flipping,Wholesaling Landlord from Chalmers, In. Joins BP

Real Estate Investor · Chalmers, IN · Member since 2014 · 8 posts · 2 votes

Hello To  Everyone in BP. I am Larry Wood from Chalmers,In. Sure wish I had known about BP several Years ago. Although I am still learning my way around on here, I can see the immense value of the organization.

The introductory title is not meant to b misleading, but the fact is, I am just re-entering the business. The title represents what I did at one time. Before Identity theft and fraud took me down. Bottom line is: I loved it then and am excited to get back into it.

Due to my circumstances, I want to learn more about wholesaling and flipping with no money of my own required. I am also interested in exploring some possible partnerships  for flipping. The area I am in is close to Lakes Shafer and Freeman [Indiana Beach] and lake property always moves in any economy.

My goals in RE is to flip and wholesale at least 6-10 units a month and take the knowledge with me to warmer climates in the winter and do the same thing. Eventually be able to invest in some larger complexes for long term residual income.

May sound aggressive for a 67yr.old man, but hey, I am healthy, single, ambitious, compassionate person with integrity and references. I am rebuilding my retirement plans of income and travel.

Enough about me for now. I look forward to meeting as many like minded people and new friends  as possible.

Larry

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  • Investor · Wichita Falls, TX · Member since 2010 · 3k+ posts · 603 votes
    11y

    Big welcome to the site @Larry Wood , thanks for introducing yourself to everyone! It's great to see that you're taking another stab at the business after an unfortunate fall. I like that you have solid, measurable goals. Hope you achieve them as well!

    See you around the forums!

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    11y

    @Larry Wood 

    welcome to the site.

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    11y

    Hey @Larry Wood welcome to the site! It's great to have you! Feel free to jump in the community here. 

    BiggerPockets
  • Investor · Indianapolis, IN · Member since 2014 · 2k+ posts · 601 votes
    11y

    Hi @Larry Wood 

    Welcome to BP, Glad to have another Hoosier on the site.  I live in Indianapolis, IN, and been investing/wholesaling in Indiana for a little while. Let me know if I can help you in any way. I like your goals, and those are achievable and look forward to hearing how you are doing. Shoot me a PM if you need any other help from experience.

    Thanks

    Brett Snodgrass

  • Real Estate Investor · Chalmers, IN · Member since 2014 · 8 posts · 2 votes
    11y

    HI Brett and thank you. I look forward to meeting people personally and doing some brainstorming as well as learning.

  • Jon HuberPro Member
    Rental Property Investor · Boca Raton, FL · Member since 2014 · 1k+ posts · 713 votes
    11y

    @Larry Wood 

    Welcome to the community! I love your ambition... and there is nothing wrong with being aggressive. I think it is a positive trait, when used appropriately. BP has a tremendous amount of information to help you, but it is only available if you seek it out. Be sure to be as active and engaging as possible. Read blogs, post questions, and the podcasts are gold! The best free education you can get. Good luck!

  • Residential Real Estate Broker · Indianapolis, IN · Member since 2010 · 1k+ posts · 557 votes
    11y

    Welcome @Larry Wood !

    - it's always good to see another Hoosier utilizing this great site!

    Of course, you need to read The Ultimate Beginners Guide to REI here on BP

    If you haven’t already, please read/listen to these books ASAP!

    Rich Dad Poor Dad

    Rich Dads Cash Flow Quadrant

    Rich Dads Increase your financial IQ

    The Real Book of Real Estate

    The ABC’s of RE Investing

    The ABC’s of PM

    Rich Dad RE Tax Advantages

    The E-Myth

    The 4 Hour Work Week

    http://flip2freedomacademy.com - free e-book

    Flip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

    BiggerPocketsPodCast

    Wholesaling101 You Tube Channel

    Kent Clothier – You Tube Memphs Invest channel

  • Real Estate Investor · Chalmers, IN · Member since 2014 · 8 posts · 2 votes
    11y

    Hi Mehran and thank you. Seems since I signed up for BP, I have been busier than normal for this time of year. Unfortunately, not in REI. Therefor my response time to everyone has been much slower nthan I prefer.

    Thanks agai and to everyone that welcomed me aboard, I apologize for my slow response time.

    Larry

  • Investor · Fort Wayne, IN · Member since 2014 · 1k+ posts · 515 votes
    11y

    @Larry Wood welcome to BP. I am over in Fort Wayne so if I can help you just let me know.

  • Real Estate Investor · Chalmers, IN · Member since 2014 · 8 posts · 2 votes
    11y

    Hello Shawn, and thank you very much. I look forward to meeting everyone I can from this site and especially fellow Hoosiers.

    I have read most of the books you recommended, some years ago in fact. They were a positive influence in my getting started in REI several years ago. I don't mean to imply that I know all, Lord knows most of us need some refreshing now and then. Plus all the knowledge and experience to be gained from BP members.

    The two wholesale deals I had were almost a given. In other words I stumbled on them by accident and neither required any formalities. My background was primarily in rehab and flip along with some SFR"s.

    Right now I feel my major stumbling block is starting over from a different position than I did then. No assets, no money, no credit, and very little running money for searching and no network. But allow me to say, that shall not stop me from both learning and succeeding.

    Larry

  • Real Estate Investor · Chalmers, IN · Member since 2014 · 8 posts · 2 votes
    11y

    Thank You Jeremy. I may very well be calling on you. Today was actually the first chance I've had to spend a great amount of time exploring the site. Hard to imagine how much education is at our fingertips. 

    Larry

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