Fashionably Late To The Party

Fashionably Late To The Party

Contractor · Merrimack, NH · Member since 2017 · 18 posts · 4 votes

Hello BP Nation

     Donnie and Tina here from Merrimack, NH.  The short version of how we ended up here is we bought a house to fix up while we lived in it. The plan was to sell within 3-5 years. It was going to be how I cut my teeth flipping a house. The recession hit, employment dried up and the house was upside down and we ended up stuck where we were. In that time we got into debt trying to get by. We probably could have copped out and filed bankruptcy to get out the easy way, but It wasn't the right thing to do. We kept our noses to the grind stone and slowly started to climb out of the hole. It wasn't coming fast enough. I started searching for a faster way. Found Dave Ramsey. Applied his principles in a modified approach that worked for us. Found some great financial podcast in which I found mention of BP. Started listening to the podcast and quickly found relief in knowing that we weren't alone. I also found some great info and there were no guru fees!

 I have an awesome wife and two awesome girls who keep me focused and driven on getting the ship headed in the right direction. We enjoy touring the northeast and soon other parts taking them to lacrosse tournaments. They turn into mini getaways sometimes. We also enjoy spending time outdoors whenever possible.  Mountain biking is a true passion of mine (Donnie) as well. We have strong desire to get into the real estate world. Fueled mostly by our enjoyment of renovating and turning a dump into a diamond as well as not enjoying the pressure applied by the recession! We hope to be regular contributors here very soon.

Donnie & Tina

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Investor · United States · Member since 2015 · 415 posts · 487 votes
9y

You're late... but you do look fashionable as advertised. Welcome!

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  • Investor · United States · Member since 2015 · 415 posts · 487 votes
    9y

    You're late... but you do look fashionable as advertised. Welcome!

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    9y

    Welcome to BP Donnie, and given the party never ends, it's not such a big deal to be late. Good luck!

  • Las Vegas, NV · Member since 2017 · 32 posts · 18 votes
    9y

    You will notice a lot of success stories you hear are from those who started after the GREAT recession.  So be careful in what you do.   Im not a fan of just do something.  Make sure the numbers work-then it isnt so hard.

    One person here is buying negative cash flow HOPING for appreciation.......................lol. 

    PS ive bought a low cash flowing property Hoping for appreciation but it was way way below replacement costs and in a resort town.

  • Contractor · Merrimack, NH · Member since 2017 · 18 posts · 4 votes
    9y

    Thanks, everybody. We're still getting our ducks in a row first. Things like lines of credit etc. So our first purchase is a still a bit away. I'll be looking for feedback sooner than later!

  • Deland, FL · Member since 2017 · 2k+ posts · 1k+ votes
    9y

    no such thing as late to real estate investing

    As with just about anything in life those who are determined and work at it on a daily basis and the farther ahead than 99% of the crowd who says they want to do things

  • Gilian GegawinPro Member
    Virtual Assistant · Scottsdale, AZ · Member since 2017 · 236 posts · 38 votes
    9y

    @Donnie Mendell  Hey Donnie and welcome to Bigger Pockets! BP has all the information on real estate served up on a silver platter. It is that easy to gain more knowledge and be more skilled when it comes to the real estate industry. At BP, you not only learn how to get deals done correctly, but also have an opportunity to network with other real estate investors and learn from the informative forums posted on BP everyday! Congratulations and I wish you lots of success.

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