Clermont, FL · Member since 2018 · 74 posts · 30 votes
Finally, I took the red pill that was spoke about in the recent podcast and realized this is what I want!
I plan to do as much due diligence as possible. I already ordered the book “Build Wealth One house at a time” and have been digging my nose into anything possible to learn from. I recently booked myself for a meetup/network event for tomorrow as well in Orlando FL. If you are in the area at all hit me up!!
One question I have could be answered tomorrow but I thought why not ask here!
When purchasing your first property, and you realized it needs some fixing, at what cost do you consider contracting workers and at what point do you consider doing it yourself? All considering you have a day job and most free time are weekends.
Thanks!! I’m exited to learn and to learn thru experiences!!
@David nice! I wanna try learning as much as I can before starting, and as for the meetup it’s tonight 7pm-9pm! I learned about it from using the MeetUp app. Location is CFT RE Training Center, 570 North Afalaya Trail, #104, Orlando, FL
Thanks for the info @Julian Joseph. Let me know how it goes if this is your first time going. I can't make it tonight but I'm curious if it will be a networking event with other investors or one of those "guru's" trying to up-sell an educational course for what starts out as $125-$300 then before you know it they are asking for 20 - 40k for a course.
If you find value in it please let us know as I would like to attend the next one if it is just a regular meetup.
Those were exactly my thoughts as well man. And thankfully it is advertised for networking and sharing knowledge ONLY. The organizer inboxed me to say so and that no one will attempt to up-sell anything, so it's not the intention and should be a valuable meetup. Will keep you posted! @David Baier
David Baier so turns out, they were about of a bigger company called Renatus? They’re nationwide and have investors all over. It was a very informational meetup but not sure if it was my cup of tea. They offered courses for maybe $4000 for their most basic and prices went further up after. I stayed after to ask questions and ask why the lecturer was lecturing when he’s doing so well doing real estate and he just said he enjoys helping others make money. 🤷🏽♂️ But all in all it was informational, I wrote things down and plan to still do my own research.
One thing they did provide that I thought was untouchable was the amount of resources they have around the nation and how that really does help for outside investing. Another was their technology to calculate repair costs to their value price when making an offer. Other than those two things, I believe I can give myself time before I decide if I really wanna venture that way or not.
All in all it was informational, and could be very advantageous to join. This Saturday they're doing like a property look-in at one of the homes they have a contract with and will show how they would go about strategizing for the home. I can't make it to that but I would have gone if I wasn't driving to Miami.. They said they do that once a month. I may go next month when do they it again
@Julian Joseph Thanks for the info man! After I looked at their page on meetup and clicked a link they had there I could tell it would have something to do with pitching some kind of "educational program" and built in network for others to take advantage of for a fee. My best advice would be to spend as much time as you can here on BP digging into the books, podcasts, webinars, blogs and forums. You can read about other's experiences with similar type companies. Often times we are so eager to want to jump in and learn we are willing to pay a premium to try to bridge the knowledge and experience gap. I was going to go to one of the Rich Dad seminars for Real Estate Investing just last month until I really learned more about what they are about and how their true business is preying of off those who are eager, in-experienced, and oftentimes vulnerable. My point is that this may very well be beneficial for you if you feel it can jump start your career but first I'd be pessimistic about what their core intentions really are and explore the wealth of FREE info and free networking here on this website which I could almost guarantee has a lot more to offer. I've always tried to stay clear of these type of ventures but there may very well have been people who have had success with them. Hope this helps, just my two cents after much research as well.
David Baier that’s exactly what I wanna do man! Do as much due diligence for FREE. I have a full time day job, I’m 26, I’m in no huge rush. And great things come with time. I’m gonna utilize everything I can to learn. I’d be down to grab a beer or something some time next week David or whenever you have time. Maybe catch a World Cup game. One thing I do know, Networking is King.