All Forum Posts by: Bobby Beard

I just won one. It's pending bank approval on my winning bid below reserve. They are a pain to deal with. They need tons of information and give you very little time to get it in. I will think twice before I buy again. Will have to be a great deal.

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Welcome to BP! I'm in the Nashville area.

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Wow never heard that. My areas you have to supply. Interesting.

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Due diligence first and include in offer

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Congrats. Good deal!!

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Welcome to BP!

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Originally posted by @Account Closed:

@Bobby Beard you fixed up your first house yourself? Did you have a full time job and just worked on it in the evenings?
@Hydee Vanterpool Congrats on wanting to take control of something for yourself. REI can be frustrating, demanding yet utterly awesome and rewarding.

I assume you want to own rental property based on the books you got. Getting educated and gaining knowledge is always a great start. Talk to other landlords in the area, go to the local eviction court to see that process, etc.

Then if you still want to get started, I suggest go to a local REIA club or Landlord Association meeting.

Hiring a mentor is a personal thing. Some want mentors, some don't. The experience varies, as does each mentor. My response to people is, how many NBA Championships does Michael Jordan have without Phil Jackson?

The key is getting the right coach, not just for the subject matter, but also that can relate with you the best.

Good luck, and happy investing!

@Account Closed sorry I misspoke. I did hire guys to do a lot of things but I also did a lot of work myself. I have a full time job but I have lots of time off. Perk to being the owner. :-)

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Personally. I liked the approach I took. I bought the first house cheep and went to work on it. Remodeled and rented it. I gained more knowledge during that process then any other means. It teaches you the basics, gets your mind thinking and gets your blood pumping. You will real quick if you like it or not and the next step will come to you based off of your first transaction. Just my thoughts and maybe wrong.. Anyways good luck!

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Originally posted by @Duncan Taylor:

Yeah, but some of us are old and fat.

You don't want to see us try to crawl under a house.

:-)

I'm getting there my friend!! :-)

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All Forum Posts by: Bobby Beard

Bobby Beard has started 26 posts and replied 258 times.

Post: New Here

Post: Auction.com

Post: New BP member from Knoxville, Tennessee!

Post: Rental Property - Provide Appliances?

Post: Negotiations

Post: My 1st Rental Deal

Post: New Member

Post: What do I do next?

Post: What do I do next?

Post: In what cases would you NOT hire an inspector?