Renewed Newbie - Vancouver, WA

8 Replies

I’m a renewed member of BP.  I signed up a while back, but have just been listening to the older pod casts and hadn’t really had much time or movement to get started in investing.  However, I’m ready to get started now.I’ve waiting long enough, and I’m committed and ready to pull the trigger.

I currently live in the greater Vancouver, WA area, but I’d eventually like to move to the greater Coeur d’ Alene, ID area.  I’m just waiting for a spot to open up for my current job.  In the meantime, I’m ready to start on projects here.

Quick background: I’m currently an insurance property adjuster, (less than a year), I was a project manager for a paving company, and I’m an Air Force Reservist.  We do not own any property yet, other than the home we live in, and we’d like to start with a fix and flip.  I’d love to partner up on my first couple deals, but I’m ok to start out on my own.

In the short time as a property adjuster, I’ve met some good some not so good contractors in the area.  I’ve got a good handle, even if just basic knowledge, on repairs, repair process, and costs.  I’m also in the process of studying online to get my real estate license to help in the process.

I'm interested in meeting people in this area and in the Northern ID / Eastern WA areas. I'd love to find some BP meet ups or REI groups in both areas, and I look forward to making some new connections and getting started on our journey.

Oh, and I have all the BP books – love them and the BP website.

Tim:

Good morning, and welcome to BP! Here's some food for thought:

Before you make your first investment, meet with a mortgage/financial professional. They'll ask you to share your short- AND long-term goals, and then they'll help you construct a plan that will do two things:

1. Achieve your short-term goals that will produce proceeds and resources that will,

2. Give you the wherewithal to pursue and achieve your long-term goals

Many investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals. Since you're not paying a mortgage pro for consulting, it's in their best interest to give you a solid plan so you're successful.

I wish you the very best!

Grant

I have officially moved to Hayden, ID. I'm looking forward to meeting and working with people in my new area, and I'm going to try to attend some local REI meetings. I signed up for the one 8/4, but please let me know if there are any other REI meetup groups in my area that I should check out. Thanks.

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