All Forum Posts by: Andrew McManamon

Dave, unfortunately deals like that happen, on the bright side it was a learning experience. The BiggerPocket podcasts have taught me, mistakes are learning experiences. You may not be able to over look it for awhile, but just remember that the next deal will be better! I'm a realtor in Michigan, would love to connect! Best of luck, Andrew McManamon

Hello BP, I know how important building a website in real estate is, because not only does it contain what you have to offer, but it makes you look more professional as an agent or investor for that matter. My question is, what is the best website "builder" to use, to create the simplest, eye catching website?

Hello BP, I'm a new real estate agent out of Michigan and I'm curious what the most effective way to generate leads. I've done a lot of research on biggerpockets, YouTube and other sources for real estate information about advertising yourself, such as: direct mail, Facebook ads, google ads, newspaper ads, Zillow/realtor.com ads, word-to-mouth. There are many ways to do it, but what's the most effective and low cost, being as I'm a new agent? Any advice would be appreciated. Andrew

I agree with Brandon, in order to be successful in real estate you must think of it as a business. If you just do it "when you want to" it may not come as easy to you, but realize that real estate offers financial freedom. You can have a 4 hour work week if you're able to automate your real estate business. Real estate is a great career especially when family time is special to you, because a typical 9-5 job would make you miss out on a good chunk of your child's life. Create a pros and cons graph and just go from there, see if the pros outweigh the cons and that's your answer! Best of luck to you!

Hey Lily, I'm currently 19 years old, and real estate became a huge interest to me years ago. I just completed my licensing exam and I passed. Anyways, real estate is a great career, I had a corporate job for 2 months and I already am sick of the typical 9-5pm job. Don't get discouraged because of your age, look at it as a good thing. Take a step back at evaluate how our generation functions. They would rather have us (Peers) walking them through the process of buying a home, rather than someone who is a lot older. Why is that? It's a good question, but without sounding stereotypical, it makes people our age less stressed and anxious to buy a house when someone their age is helping them through it, and that's where we have an advantage. People make disagree with me, but it's how I see it, take it as you will. Keep working at it, it'll all be worth it in the end.

This is a very motivating post! Especially being at the age of 23. I'm currently 19 years old and just trying to get my feet wet in real estate investing. When did you start and how did you get the money to do so?

@Christopher Phillips Thank you so much for the help!

Hello Everyone, I'm trying to figure out this problem for a practice test I'm taking, can anyone help me? "If a borrower can afford to make monthly principal and interest payments of $1000 and the lender will make a 30 year loan at 5.5% ($5.68) , or a 20 year loan at 4.5% (about $6.40), what is the largest loan this buyer can afford?" The answer is: $176,100 But how was that answer reached? Any help would be much appreciated. Andrew

I didn't take my exam online, I meant my course! Sorry for the confusion.

Hello Everyone at BiggerPockets, I'm taking my real estate exam tomorrow, it feels like I've been studying weeks on weeks on weeks, I took my exam online with Kaplan, and I've created notecards over all the key point reviews, and I'm also using websites like prepagent.com and Uniontestprep.com and even the PSI website to get a feel for practice exams, but for some reason I'm still nervous for it! I heard there isn't a lot of math questions on there, and apparently if you master the terminology, you pass. Any advice for taking the Michigan real estate exam would be much appreciated! Thank you, Andrew McManamon