Introduction

13 Replies

Hi everyone! I'm Christine from Rockville, Maryland and very brand new to REI. I completely enjoy reading BP posts and filling up with knowledge. There's so many avenues of where to start, and right now I've been learning the routes of wholesaling, fixer uppers but using OPM to fund the rehabs, and flipping HUDs.

I've sent out direct mail with postcards for wholesaling a few months back, but only received 1 call. Looked through Craigslist and received a lot of calls, but these leads were other wholesalers looking for buyers. The cons of me reading so much from many sources is that I've read the cons side to wholesaling, which can be a concern since I'm full time in the healthcare field; it can be tough to manage seller & buyer leads for wholesaling.

So then second, I began up studying flipping HUD homes (essentially virtual wholesaling) to accommodate for my time constraints. And now third, I'm looking at fixer uppers.

Honestly, REI absolutely excites me and I know I need clarity on what avenue I want to start out at. Can you guys share some of your beginning experiences when you delved into REI?

Thanks and looking forward to hearing from everyone!!

Hey @Christine Nieva

Great to have you here on Bigger Pockets!

When I first started in REI I experienced many of the same problems you did. Working part time and going to school full-time left me little time for investing as well, which was a major concern for me. After much trial and error with several different aspects of REI, I stumbled upon land investment. Essentially it's the same concept as wholesaling, but with land instead. You spoke of virtual wholesaling which is exactly how land investment works. It is all done over the internet, which is tremendous for us investors on a time constraint. With your experience in direct mailing, you would be very successful in this avenue.

Just a friendly suggestion, but whatever it is that you end up pursuing, I wish you much success!

Take Care Christine,

-Kyle

Hello!  It's  great to hear about another fellow healthcare sister wanting to do RE.  I am in Weatherford, Tx and in the very same startup position you are in.  I have read so much I think I have overwhelmed myself and I can't figure out which Avenue to take in order to start!  Good luck to you!!!  

Misty Hardin

Red Fawn Investment Group 

Originally posted by @Kyle Tokasey :

Hey @Christine Nieva

Great to have you here on Bigger Pockets!

When I first started in REI I experienced many of the same problems you did. Working part time and going to school full-time left me little time for investing as well, which was a major concern for me. After much trial and error with several different aspects of REI, I stumbled upon land investment. Essentially it's the same concept as wholesaling, but with land instead. You spoke of virtual wholesaling which is exactly how land investment works. It is all done over the internet, which is tremendous for us investors on a time constraint. With your experience in direct mailing, you would be very successful in this avenue.

Just a friendly suggestion, but whatever it is that you end up pursuing, I wish you much success!

Take Care Christine,

-Kyle

Hey Kyle! Thanks so much for replying and sharing how you started out. Land investment? You've got me interested in learning of it. How did you go about learning, through BP, solely free online, or did you pay for a program? Bonus points for you to sharing this...it is almost like the concept of "Inception" and planting a seed in my head. I connected with you and hope you stay in touch regarding your experiences in Land Investing.

Best, Christine

Originally posted by @Misty Hardin :

Hello!  It's  great to hear about another fellow healthcare sister wanting to do RE.  I am in Weatherford, Tx and in the very same startup position you are in.  I have read so much I think I have overwhelmed myself and I can't figure out which Avenue to take in order to start!  Good luck to you!!!  

Misty Hardin

Red Fawn Investment Group 

 Hey Misty! What have avenues have you read extensively in and are considering in delving in so far?

welcome to BP!  Pick a single area that you want to be great in and focus on that only.  Once you become good in that area move to the next subject.

Welcome to BP @Christine Nieva it's great to see another Maryland investor! I am in a similar position as you, being a new investor. I am currently a Realtor, so I know about the market and how to sell and purchase homes just have to jump into investing. Feel free to reach out if you have any questions or need advice about pricing or the market.

Welcome @Christine Nieva! I have recently invested in PG County and am all over the DMV area. Let me know if you ever would be interested in meeting up for a coffee! Would love to connect. 

@Christine Nieva

Welcome to Bigger Pockets. Since you are interested in several areas of real estate; decide which one you feel the most comfortable with and try it.

Interaction with more like minded individuals tend to speed up your learning curve and experience. Involve yourself with REIA meetings, accountability partners, and mastermind groups. Looking forward to sharing insights in the forums.

                            Enjoy as you prosper.....

Christine:

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 behaviors 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

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