Sharing Story about New Investor Journey - Kudos BP!!

Sharing Story about New Investor Journey - Kudos BP!!

Real Estate Broker/Owner & Property Manager · Sugar Land, TX · Member since 2013 · 660 posts · 459 votes

Few months ago @Tony D. put a post in this Houston Forum asking for help with an investment question. I kinda of added my comments and tried to share my thoughts on it. Later we started communicating. We met few times and he shared his Real Estate Investment goal. 

He is great guy, currently on an adventure path and wanted to venture out on Real Estate Investing. He had been BP for sometime and educated himself by reading books and hearing BP podcasts. He was looking for help to get him started. After we met, I started helping him by guiding, mentoring and also trying to find his first deal. We tried to hit on various ends from SubjectTo to Flips and Buy and Hold. Finally, a nice little SFH came to market and numbers lined up pretty well. It was in rent ready condition and we made good offer and got it accepted.

After a month, Tony and his partner closed on the property and started their Real Estate Investment journey. I would say they took the right decision to jump on the house at the right time and ended up getting their first Buy and Hold rental property which has good rental potential. 

As Brandon from BP always say, you cannot just read and listen all about investing, you gotta to take action which my mantra as well. Without action all your knowledge is of no use. Tony took the action and ended up with this first rental. 

I would like to welcome him to Investors club and wanted to share this quick story for other investors who are still debating or waiting to take action. A Plan without action is merely a Dream. Take action and Make your dream to come alive.  

Thanks to BP for this great platform bringing all the like minded people to work and help each other :-)

Go Tony!! 

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Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
9y

Congrats to all.  Sounds like my generic answer when people ask "How do I get started?"  I say "get started".  Its' not like there isn't deals out there.  Sure finding the grand slam deals are hard, but finding a decent deal isn't difficult.   But people will spreadsheet there way into fear and never pull the trigger. 

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  • Investor · Houston, TX · Member since 2017 · 75 posts · 13 votes
    9y

    Yea, that's true, you need to take action, I was rehabbing a house and put it to rent, it was hard and a good learning curve.

    Now I am trying for buying and selling used mobile homes, so I was preparing the finances to begin to create a small capital to do the process and waiting to buy a list to begin the campaign.

    Listening one of the podcast ( I am listening all of them, right now I am on podcast 95), the guy said, there is not excuse you do not have money for marketing, just put an add in craigslist and then lets see what happen.

    I took action again, I got a couple of calls without expending in marketing, lets see what happen.

  • Rental Property Investor · Park City, UT · Member since 2016 · 678 posts · 531 votes
    9y

    Totally agree that action is key. Another mantra I have adopted is, "Don't tell me it can't be done...tell me how it can be done." Too often we see the obstacles and it's easy to say it's too hard and give up. But if you can change your attitude, suddenly solutions start to appear.

    Way to go @Tony D. and great job giving back to the community @Vijaianand Thirunageswaram!

  • Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    9y

    Congrats to all.  Sounds like my generic answer when people ask "How do I get started?"  I say "get started".  Its' not like there isn't deals out there.  Sure finding the grand slam deals are hard, but finding a decent deal isn't difficult.   But people will spreadsheet there way into fear and never pull the trigger. 

  • Investor · Houston, TX · Member since 2017 · 75 posts · 13 votes
    9y

    I like that answer @Cody L.

  • Rental Property Investor · Pasadena, CA · Member since 2016 · 164 posts · 149 votes
    9y

    Funny how people either forget or ignore due to money being involved, that you're probably going to struggle or at least hit road bumps along the way, especially when you get started, and that is something you have to be willing to sign up for. When you learned to swim, ride a bike, drive, I'm sure you couldn't swim like you do after years of practice, no matter how many books and videos you watched to prep and perfect your game. You don't learn the act of being an investor by reading books, get out there and learn. The only mistakes you make are the ones you don't learn from. I love the fact that your helped mentor this guy and he took action, awesome, love it.

  • Houston, TX · Member since 2015 · 204 posts · 68 votes
    9y

    Love this!

  • Portland, OR · Member since 2016 · 7 posts · 3 votes
    9y

    Thank you for the kind words and encouragement everyone!  BP has definitely made it easier to find resources and connect with others that have same mindset.  Special thanks to @Vijaianand Thirunageswaram who has been more than willing to answer all of my questions (as newbie as they were) and share his knowledge/experiences with me.  

    I am excited to start this journey and hope that I can continue to learn, grow, and eventually contribute back to this community.  The most common answer I heard on the podcasts about those that never get started was the fear of failure and I was no different.  What helped alleviate some of the fear was knowing that I had a plan and hearing that it is not failure until you quit trying.  I know mistakes will be inevitable, but as long as I learn from them and of course not make the same mistake twice (hopefully) I will find success!  

    Thanks again everyone here for the support and Vijai for your continual guidance! 

  • Real Estate Broker/Owner & Property Manager · Sugar Land, TX · Member since 2013 · 660 posts · 459 votes
    9y

    @Tony D. Thanks and Glad I can help. There are lots of new investors who sign up every day into BP and they all want to excel in their life goals in their own way.  I just want to summarize this post with few good things touched on by Tony C, Tony C and others.

    Taking Action with a plan in hand is key.

    Don't tell me it can't be done...tell me how it can be done

    People will spreadsheet there way into fear and never pull the trigger.  Just get started.

    Learn from your mistakes and don't do it twice.

    Hope these words from co-investors helps the newbies to energize like Bunny and try to find their niche and help from others and excel in life :-)

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