All Forum Posts by: Aaron Thivierge

Sorry for double post: It appeared that my 1st post wasn't appearing on the thread, so I re-wrote it...

If you have not done so yet, read "rich dad poor dad" by Robert Kiyosaki.

There is a powerful statement on p. 58 "Rule one. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know.  It is Rule No. 1. It is the only rule. "

One statement by a great financial genius rings in my ear:
"You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know".
R. Kiyosaki

way to go, Seth.  Thanks for standing up for whats right! (twice)!!

I wonder if there is extra pressure to find good tenants as they will be immediate neighbors to your in-laws.  It may benefit you in the long run as there will always be eyes on the property. Nice job, Congratulations! Your numbers look good. 

If you decide to keep her as a tenant, have you considered talking to her about an air purifier/ odor eliminator?  They are not cheap, but neither are the rehab costs if it goes that route. Also, from her perspective, finding another apartment (especially housing and moving 6-10 cats) will not be cheap. She may be agreeable to paying $500 for an air purifier specifically manufactured for animal odor, like this one:

http://www.airpurifiersandcleaners.com/austin-air-pet-machine-air-cleaner-hm-410.html

Amber, Hello. Tampa will always be dear to my heart, as my wife and I lived there for 3 years. God bless the Gulf of Mexico!  
If you haven't all ready, please read the Ultimate beginners guide to real estate investing found here:

http://www.biggerpockets.com/forums/25/topics/8357...

Also, the podcasts on iTunes (biggerpockets) are amazing and GREAT for beginners learning the strategies, nomenclature, processes'. Again, welcome to biggerpockets!

Anthony, welcome to bigger pockets. I live in Ortega in Jacksonville, and my sons Godfather lives on 1st street south Jax beach.  If you haven't found the iTunes podcasts, I would start there listening to every single podcast starting with number 1.  They are a wealth of knowledge and free. (iTunes biggerpockets).
Also, read the "ultimate beginners guide" to real estate investing found on this forum. 

http://www.biggerpockets.com/forums/25/topics/8357...

Again, welcome!!

Search for your local "real estate investment association" (REIA), and start attending those meetings. Ask these questions to the individuals whom you meet there. Also, from listening to the pod coast (many involving wholesaling), it's not the best strategy to ask another investor to simply be your mentor.
However, meet local REI's and ask what you can do FOR THEM. Ask them if you can buy them coffee or lunch. Tell them what your goals are, ask them what THEY want out of you (as presumably you'll be a vital part of their deal flow eventually). When seeking council from experienced local investors, don't come across as a "gimme gimme" person but rather, trading your time, energy, devotion to help in their business in exchange for knowledge.
In other words, once you've met a couple investors, offer to drive them around town in your car on your dime to their appointments, answer phone calls in their office, sweep their floors, all in exchange for the opportunity to learn from them.  Maybe take a second job (saturdays and sundays) doing envelope and yellow letter stuffing…etc.. You see my point?   Be valuable to someone whom you want to "teach you", and they'll want to keep you around.  
Also, Search "driving for dollars" "yellow letters"  "deal flow" in the top right section of this page.  

@Lian Chavda 

Welcome, if you haven't all ready, you must read:
Ultimate beginners guide

http://www.biggerpockets.com/forums/25/topics/8357…

After reading that guide, use the "search" function in the top right hand of your screen. For key words use "wholesaling"  , "beginning" , "mentor" .  Just start reading, and don't stop.  Also, the podcasts on iTunes are free and a WEALTH of knowledge. I listen to them in my truck, in the gym, when I am walking my dogs… start at number 1 and keep listening. You will learn more on Biggerpockets than any single book or investor.  
Best wishes. Persevere.