All Forum Posts by: Charlie Shew

Hello Everyone,

Me and my team of International Investors....

Just kidding, been listening to BiggerPockets podcast, couldn't resist.

Anyway, here is my finances laid out, if you were me how would you proceed? Currently, I find BRRRR is most appealing, based on my finances alone do you agree? (I'll be 56 next month) I am reading the BRRRR book and listening to the podcast, three months ago I had never even thought about real estate investing so I have a lot to learn. I work a fulltime job at night and sell real estate in the day.

Rather than tell you guys what I think I should do, I'd like to see what you think. 

Thanks for any advice,

Charlie

Home Value                         $245,000

Mortgage                              $97,000

Rollover 401k                       $145,910

Roth                                       $22,632

Current Employer 401k     $45,000

Expected 2019 Income      $100,000

Work Paying for College     $18,000

Car Debt                                $9,000

Cash                                       $10,000

Nicole, First Congratulations on writing your first contract!  I'm with Keller Williams and they use DotLoop. There are some good training videos on YouTube.

Charlie

I used Kaplan Real Estate Education online for the state of Tennessee. It was ok but not great. I would lean toward the classroom because it took me a lot longer to do online than they said it would. I would find a random FB real estate page and ask the same question. There are also some really good YouTube videos that teach you the basics. I liked "Prep Agent"  Just remember what you learn in the class you never use in the real estate world. 

Charlie

In a normal single home purchase, the buyer is the one expected to pay for any inspections. You also do not share the results with the seller. The seller might also be concerned that the floors will need to be repaired, if the inspection states they are good and you share that with the seller he may not be willing to negotiate as much on the home.  

@Michael Via, I'd highly suggest Keller Williams. They have the best training period. You should go to your local office and talk to them. They will let you sit in on a lot of their training classes. 

Thanks everyone, 

I’m planning on going and not signing up for anything. I will start reading  some of the books listed. 

I’m positive that investing in real estate is the right step for me.

Michael, 

I am an agent in the Nashville area. You would be very lucky to find an even/weekend job in real estate. The statement that 95% of real estate sales are from 5% of the agent is pretty accurate. What are your goals? If you want to become an agent you will have to study subjects you will never use in real estate. If you want to learn more about real estate to be a better invester you can do this by studying properties for sale in your area. I'd also suggest attending open houses, you might meet an agent who will chat with you for a few hours.

Charlie 

Hello, Everyone, I am a realtor from Lebanon, TN. The more I learn about real estate the more I want to invest in it. I signed up for the Free Workshop and I wondering if anyone has attended one and have comments? I'm sure they are there to sell stuff but will I learn anything? 

Next question is there a "bible" real estate book I need to read. I have been reading all that I can get my hands on, some seem better than others. 

Most my money is tied up in retirement accounts but it seems like I'd be better off to invest in real estate. My goal would be to start with a smaller 4-8 apartment complex, one that I would manage myself to start. 

I am, however, completely new to this and need to learn a lot more before I take the plunge.

Charlie Shew