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All Forum Posts by: Daisja Vance

Daisja Vance has started 3 posts and replied 11 times.

Hey everyone,
 
I'm new to real estate investing and in the process of setting up my LLC in North Carolina. My goal is to help people invest in properties and grow my business, but as a beginner, I'd love some advice on getting my foot in the door.
 
Right now, I'm focused on:
- Learning the best investment strategies that don’t require a real estate license (wholesaling, rental properties, etc.).
- Finding potential clients who are interested in investing but may need help identifying great deals.
-Connecting with experienced investors, agents, and mentors who can guide me in the right direction.
 
Since I'm just starting, I'd appreciate any insights on:
-The best ways to build trust and credibility as a beginner.
-Finding off-market deals and securing financing with limited capital.
-Networking and making the right connections in the NC real estate market.
 
If you're an investor, wholesaler, or experienced real estate professional in North Carolina, I'd love to connect and learn from you! Open to collaborations, partnerships, and any guidance you can share.
 
Looking forward to your advice thanks in advance!

Post: How should I view debt?

Daisja VancePosted
  • Posts 11
  • Votes 5
Quote from @Ryan Kelly:

@Daisja Vance HAVING debt is different than BEING in debt. Think of debt as a tool. If I can borrow $300,000 to purchase a $400,000 home and be cash flow positive, I am not in debt. I have $100,000 in net worth AND cash flow. Consider debt as an expanse on a balance sheet to create cash flow. If I owed $300,000 and had no asset creating cash flow, I would be IN debt. Hope this helps!


 Hello Ryan, Thank you for this! it helps greatly with understanding how to make better decisions with money I appeciate the insight tons!!

Post: How should I view debt?

Daisja VancePosted
  • Posts 11
  • Votes 5
Quote from @Eliott Elias:

Look at debt as a tool to become wealthy. It can drown you if you do not use it properly. Know all the risks involved, spend the time on the front end to educate yourself as much as possible. 


 Hello Eliott, thanks for sharing your views I appreciate it!

Post: How should I view debt?

Daisja VancePosted
  • Posts 11
  • Votes 5

The way you word it is actually perfect and just wiped some smudge from the view I've had on money altogether. I never looked at it that way " making you income while someone else is paying it down" It makes so much sense now! Thank you plenty for the gem it's great food for thought I have a new angle added when it comes to investing.

Post: How should I view debt?

Daisja VancePosted
  • Posts 11
  • Votes 5

Hello, amazing community!! So I have a question and I want the most blunt response, when starting out with investments how do I look at debt? I have started getting into business credit and I've been told when getting funds for any investment don't be scared of the debt, that all business owners have debt, and" the richest people are in debt" well as crazy as it initially sounded to me I've pondered on what to take from it. I honestly thought about the USA and how we have this great economy overall in history yet have just about the hugest debt as well right? So are the richest people in debt? I've warped my cerebrum trying to grasp the logic so how does it work for you guys? Has anyone started on just loans and if so would you mind sharing which kinds of loans and were they business loans? Leaping into this so excited to learn new things I have become consumed by questions I just enjoy seeing it from other perspectives if anybody has time to share theirs Im beyond thrilled to read.

Post: New Intrigued Investor

Daisja VancePosted
  • Posts 11
  • Votes 5
Quote from @Sherief Elbassuoni:

You are on the right track. Being on Bigger pocket will help you a lot.

I will highly recommend house hack. It will give you an entry point to investment with very low money as a downpayment.

Something like a split level home, or boarding house 5+ rooms works great


 Thanks! The first day of joining has helped me tremendously already I now after some researching have considered dipping into things with house hacking, I appreciate you taking the time to share thank you again!

Post: New Intrigued Investor

Daisja VancePosted
  • Posts 11
  • Votes 5
Quote from @Steven Foster Wilson:
Quote from @Daisja Vance:

I recently networked with successful property owners and real estate agents who helped navigate my desire for owning property and recommended different tools I could use to help strengthen my knowledge in this field. I'm a recent graduate from NCA&T and while I earned my degree in biology my interest in a completely different subject has peaked and I post today in hopes of finding others with more experience willing to provide any advice or guidance to someone just getting into the business. I want to get into wholesaling now and with time be able to progress toward bigger investments any suggestions are greatly appreciated!


 Hi Daisja! I am glad you have found a new interest. It has really become one of my passions. I would say first things first, find a mentor! I like to try to set up a meeting every month with someone I think I can learn from or who could be a potential mentor. I always come full of questions and ready to learn. Many are specific to the individual that I am meeting with but there are some questions that I have taken from John Maxwell's book "Good Leaders Ask Great Questions."

You may want to use them too:

What is the greatest lesson you have learned? - By asking this question I seek their wisdom.

What are you learning now? - This question allows me to benefit from their passion.

How has failure shaped your life? - This question gives insight into their attitude.

Who do you know whom I should know? - This allows me to engage with their network.

What have you read that I should read? - This question directs my personal growth.

What have you done that I should do? - This helps me seek new experiences.

How can I add value to you? - This shows my gratitude and desire to add value to them.

These can be a great starting point for you.


 Hey Steven, I was recently told by a colleague to read the book you quote so perfectly that it is almost like a nudge to go and get that specific book immediately. Being so fresh into this community yet eager to learn I have filled my brain with new knowledge from the moment interest sparked and I've considered mentors I just don't know where to look per-say, I do find the way you find someone every month to learn from fascinating and would you mind sharing how it changed your mindset when it comes to success? Has there ever been repetition in what the different people you meet choose to share with you? Do you always find the knowledge shared during the meetings germane? I may look into being able to do that when I gain the resources and, know enough people with things they could share to help us all succeed.

Post: New Intrigued Investor

Daisja VancePosted
  • Posts 11
  • Votes 5
Quote from @Lieren Schuette:

I wish I had been interested in real estate when I was just out of college!  David Greene preaches househacking regularly on the podcast, and it's the perfect strategy for beginning investors. A couple things to keep in mind if you do choose this strategy:

1. Don't expect your property to cash flow, especially if you live in an expensive market (although it's not impossible).

2. Look at househacking as a means to reduce your mortgage payment so you can save that money for future investments.

Good luck!


 Hey Lieren, first of me hearing about David Greene thanks greatly for the new podcast recommendation I will be sure to look him up for some more guidance. I appreciate the help and wish for good luck 

Post: New Intrigued Investor

Daisja VancePosted
  • Posts 11
  • Votes 5
Quote from @Alan Asriants:

Hey Daisja, welcome to the BP community! Love the attitude, just stick with it. Wholesale some deals, make some cash, pursue opportunities to flip. Use the money you saved up for a multi family house. There are many ways to get started, but I think a house hack is the perfect way to get started especially in todays market.


Hey Alan I appreciate the great tips, I just recently came across research on multi-family homes it is all so interesting like opening the doors to an entirely different world of knowledge and community. Thanks again for reaching out I kindly accept these words of wisdom!

Post: New Intrigued Investor

Daisja VancePosted
  • Posts 11
  • Votes 5

Hey Benjamin,

Thanks so much! I do have one at the moment to fund the small business I'm working towards. I appreciate that new piece of information as I didn't know much about the term "house hack" until joining BP. At this moment I have been drawn more so into wholesaling but I do plan on going into other ventures once I gain more knowledge. Thanks again for the advice I plan on doing a ton more research well into the future.