All Forum Posts by: Brandon Rabe

Hi, Bigger Pockets community, 

My name is Martell, and I am from Detroit. I just finished watching the Ashley Hamilton, Bigger Pockets Podcast episode and decided to join the forum. I currently have little to no real estate knowledge, but I'd like to gain the knowledge necessary to get started as soon as possible.

 Hello!  I am presently working on getting out of my own way. I have been reading and taking classes and amassing education.  Now, I need to shift from the preparatory phase to the action phase.  I am brand spanking new to this, so, I am being careful to choose the right first property.  I have narrowed down my location, have an investor friendly realtor, and a more experienced partner.  I'm going to buy my first property for medium term rental in the next 30 days.  I am so used to "being in my head" and shifting into actual practice of the knowledge is a leap of faith.  I know in my bones that this is the right path for me to transition from my medical career to a life more centered and balanced.  I would very much like to find a mentor/coach/sherpa, so that I don't fall into common initial investor mistakes.

@Brandon Rabe Hi Brandon, Thank you for your feedback. My goal has always been to be a real estate investor (residential). Buy and Hold and/or short term rentals. That's why I got into lending and RE to get a better understanding the industry. 

I would love to take this conversation offline, How do I get in contact with you? 

I’m not very experienced. I just got my first rental on the market after 11 months. That said what kept me out was fear. 
1.Getting sued 

2. Not getting perfect deal/analysis paralysis 

3. Actually finding a renter 

4. Stuff breaking 

For me, not knowing if my W2 job was stable enough to keep my in one area (grant funded) and not having the confidence in myself. I also didn't realize OOS investing was a thing before. 

Now I've got my first deal and the next deal is just issues with high prices and high interest rates. 

My obvious reason is fear of failure.  I need to pad my backside and take a step out onto the path. These mentors have built a system. It is clear.  They have prepared me. They have built in "phone a friend" references, and hard money lending partners :).   I have very little experience with failure, but I hear it is an amazing teacher.  I'm done giving all of my good hours to my job, so, now it is time to build a career I love.  I'm not giving up a 200K$ a year job, I'm building generational wealth.  See ya! Into the woods...

1. Living in a expensive RE state

2. Raising funds

3. Lack of mentorship (most programs cost a lot)