Hi I'm Suzanne & I'm new to investing!

Hi I'm Suzanne & I'm new to investing!

Trophy Club, TX · Member since 2016 · 3 posts · 0 votes

Hi, I'm new to the real estate investing. I have always enjoyed looking at homes. It all started with a post card from Christina & Tarek from Flip or Flop inviting me and another person to a Success Path seminar. My husband & I went to find out more. We signed up for the 3 day class and dropped $2,000 & also sign up for the tax lien investors club for another $500. Being born & raised as a Long Islander(NY) I have always been skeptical (to say the least) of things that look too good to be true. We moved to Texas 13 years ago after my husbands company built a site here. Anyway, my husband got laid off a few months back & he has always wanted to have his own business. So this might be the perfect time. We learned a lot at the 3 day seminar. You feel quite motivated to buy a mentoring package for $41,000, but we decided to tell them that we needed to check with our accountant(tax cpa) to see how we can take out of our 401k put into an IRA. Ron our tax guy told us don't do it. So we are trying this with the knowledge we just learned. My husband wants to start with wholesale, maybe buy a rental. Later on maybe try a flip.

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Wholesaler, Rehabber and Landlord · San Antonio, TX · Member since 2014 · 2k+ posts · 2k+ votes
10y

Lots of info here. BUT there are tons of people in the D/FW area that you can meet up with in person. Lots of groups that meet regularly. Go network, see what others are doing and use what they have done and mold it to what you want and can do.

I am sure that you have learned something from the Tax Lien investor group. Take that knowledge and apply it to Denton or Tarrant County. How about mailing letters to people who are behind 3 years on their taxes in the county?? I bet you will find some super deals doing that. Then you can wholesale, rehab or keep as rentals.

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  • Investor · Grimes, IA · Member since 2016 · 11 posts · 0 votes
    10y

    Welcome!  It's nice to know there's someone that's more of a newbie than we are!!!  Myhusband  and I have been in around two months and still haven't sold our first property.  We have signed deals with the seller, but the buyers fell through.  That's where we have the  most trouble.  Hopefully  you have a huge buyers list before you sign any contracts, it sure makes it easier!

    Good Luck!

    Judie

  • Trophy Club, TX · Member since 2016 · 3 posts · 0 votes
    10y

    Hi Judie! Thanks for the welcome!  I pray everything works out & you find another buyer quickly.  That's the part that really scares me is finding a buyer, or like in your case finding another buyer.  The class we took told us to get a buyers list before you buy.  

    Best of luck,

    Suzanne

  • Las Vegas, NV · Member since 2014 · 732 posts · 137 votes
    10y

    @Suzanne Breimann

    Welcome to B/P. Please save your money on paying all that money for education. You will find most all that you are looking for right here on B/P, plus lots of old real estate investors that will help you and give you advice for free here on this platform. I have been on B/P for over a few years and find it a very valuable asset for the price you pay to be a member. I am in the land business for the last 30 years and like the idea of no tenants and toilets.

    Good luck here and save your money on those high end courses!

    P.S

    I like to pay it forward.

  • Houston, TX · Member since 2013 · 1k+ posts · 114 votes
    10y

    Hi and Welcome to Biggerpockets @Suzanne Breimann. All the best on your real estate ventures!

  • Wholesaler · Calgary, Alberta · Member since 2016 · 35 posts · 33 votes
    10y

    @Suzanne Breimann Welcome!

    Good decision on not buying the $41k coaching package! You will find all the info you need at Biggerpockets and through other sites if you are willing to take the time to research and read.

    Texas is a great market. The population in the Texaplex region (Houston, Austin, Dallas, San Antonio) is exploding. Great time to be a real estate investor in Texas!

    Best of luck,

    Stephen

  • Wholesaler, Rehabber and Landlord · San Antonio, TX · Member since 2014 · 2k+ posts · 2k+ votes
    10y

    Lots of info here. BUT there are tons of people in the D/FW area that you can meet up with in person. Lots of groups that meet regularly. Go network, see what others are doing and use what they have done and mold it to what you want and can do.

    I am sure that you have learned something from the Tax Lien investor group. Take that knowledge and apply it to Denton or Tarrant County. How about mailing letters to people who are behind 3 years on their taxes in the county?? I bet you will find some super deals doing that. Then you can wholesale, rehab or keep as rentals.

  • Damascus, OR · Member since 2016 · 87 posts · 24 votes
    10y
    $41k for a mentoring package? Oh dear. I shouldn't be surprised.
  • Investor · Dallas, TX · Member since 2016 · 84 posts · 33 votes
    10y

    @Suzanne Breimann almost the same story as my wife and I, we also decided against the "magic bullet" program. I bet this is a great refresher of your three day course:

    https://www.biggerpockets.com/real-estate-investin...

    And like @Rick Pozos said, there's tons of meetups, some will also sell you courses or mentorships, but most are a great way to network and start somewhere. 

    Best of luck!

  • San Antonio, TX · Member since 2014 · 6 posts · 3 votes
    10y

    Hi Suzanne! Welcome to the club! I would definitely recommend just losing yourself in the forums and the rest of the site as well. The path that is right for you and your husband will materialize. I've gained so much knowledge here and met some amazing contacts through BP and I've maybe utilized 6% of the site! :) 

    It's all here. Best wishes. 

  • Lender · San Antonio, TX · Member since 2016 · 102 posts · 45 votes
    10y

    Suzanne, don't forget the Podcasts!  Invaluable.  Its your free real estate investing course from those who have done it, and there are over 180 of them and counting.

  • Trophy Club, TX · Member since 2016 · 3 posts · 0 votes
    10y

    Wow! Thanks so much for the big welcome & all the great advice @Steve Haight,  

    @Marlon Wilson, @Stephen Preston, @Rick Pozos, @Melyssa Green, @Jose Matuk, @Jeremy Schwegmann, @Mike Garland

    😀

  • Investor · Austin, TX · Member since 2015 · 42 posts · 21 votes
    10y

    Welcome Suzanne - I too was at a tax lien 3-day seminar recently (got to go for free with a friend so I decided to check it out). They do an excellent job of pulling the selling-strings and using emotional selling tactics. I'm glad that you didn't do it. With that said though, the information that was given over the 3 days was excellent and I'm glad I went. 

    As others have suggested, take that knowledge and build upon it. BP is full of free resources you can take advantage of. I'm an introvert, BUT the best advice I can give is to immerse yourself in the company of other investors. 

    You got this!

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