All Forum Posts by: Deane Leonard
Deane Leonard has started 1 posts and replied 5 times.
Post: Looking to BRRRR my first property
- New to Real Estate
- California
- Posts 5
- Votes 6
Quote from @Andrew Postell:
@Deane Leonard investing out of state, first time investing, long distance rehab...there's a lot going on here. Are you meeting with any other investors in your area to see how they are doing this?
I've chatted with some friends of mine but they focus on multi-family and commercial buildings. This forum is how I'm planning to learn more
Post: Looking to BRRRR my first property
- New to Real Estate
- California
- Posts 5
- Votes 6
Quote from @Gloria N Gear:
Hi Deane,
I just want to validate your hesitations and tell you that it is a good thing that you are not jumping into something that you are not prepared for. Most of the time, fear is lack of information though. I would be happy to help you build your team here in Indianapolis. You just need people in the lending, insurance, property management, construction, and real estate to educate you in all of these areas so that you can make informed decisions. Happy to have a conversation with you.
Hi Gloria,
I would love to have a conversation with you and discuss steps moving forward. Some guidance would be great.
Thanks!
Post: Looking to BRRRR my first property
- New to Real Estate
- California
- Posts 5
- Votes 6
Quote from @Hamp Lee III:
Welcome to BiggerPockets!
There will be risks in anything worth while, so continue to mitigate your risk by finding a simple property you can force appreciation (cosmetics). Run your numbers and reach out for help and support when needed.
You got this. I look forward to reading about your first successful project!
I wish you all the best.
Thank you! Will do
Post: Looking to BRRRR my first property
- New to Real Estate
- California
- Posts 5
- Votes 6
Quote from @River Sava:
Hey Deane!
If interested, I can send over some info that I have personally found helpful when jumping into BRRRR-ing. Regardless, happy to connect!
Hi River,
I would really appreciate you sending that info. Sending a connect over!
Post: Looking to BRRRR my first property
- New to Real Estate
- California
- Posts 5
- Votes 6
Hello everyone!
In 2023, my interest in real estate began to grow and led me to putting time aside to learn about the brrr method. Sitting here now in 2024, ready to take that first leap into real estate, I'm both excited and anxious moving forward.
My plan as of right now is to brrrr a property in Indiana using my own cash. I have the funds set aside and am now contacting agents in that area. Being completely honest, I believe I'm experiencing anxiety moving forward not necessarily because I'm afraid to mess up (I've accepted I'm going to screw up at some point), but because there seems to be so much I need to have prepared before I close a deal. I feel as though I know exactly what I want out of a deal but not sure where to take that first step.
Nonetheless, the emotions I'm experiencing almost ensures me that I'm moving in the right direction.
I would love to hear the communities experiences, stories, and advice.
Thanks,
Deane