All Forum Posts by: Fernando E.

Hi Everyone,

Happy new year, hope you all had an amazing celebration 🍾🎉

Can anyone provide the most current requirements to be an accredited investor? Is there a certification body that checks your financials ie income and net worth and you get certified?

Also what are the benefits of becoming one?

Thanks all! May we all have health, happiness and more success in REI in 2020! Cheers 🥂

@Cameron Lam great story bro, very inspiring.

Btw, you’re not lucky, you had a goal and worked hard to achieve it by saving your money, knowing your market, not making excuses and just doing it! Happy new year and may you have more success!

@Scott V.

Congrats on a very good financials, you’re making a fairly good salary, high - 40% savings rate, Low expenses including mortgage, less responsibility being a single man and fairly young to reach financial independence so in my opinion you can afford it, go buy it! I sound like Suze O. Anyway enjoy the car. Btw, what’s the make and model? I’m excited for you 😁

@Nathan G. great question

The book “Never Split the Difference” by Chris Voss is amazing 😉 teaches us how to not just be afraid to negotiate but to thrive on this crucial skill

Also Brandon and Josh Book "Investing in Real Estate" is foundational for building our REI game

Best of luck in 2020 BP community!

@Jason C. Congrats man!

Can you give us some insight on what type of properties you invest on, price range and how do you finance them? I’m sure it will help us who have our W2s 😄 thanks in advance!

@Dave Meyer done. This is timely as I’m evaluating my BP PRO membership.

@Seung Oh, what are you trying to achieve?

I'm asking since your next steps is dependent on that goal. For example, if your goal was to build wealth through real estate, then maybe you should buy a duplex or triplex, live in one unit and rent the rest allowing you to have a 3.5% Down Payment via FHA, you save your remaining cash for other opportunities in the future, this as you may know is called house hacking, this will minimize your own housing expenses and allow you to invest in real estate and have some good training as land lord. Check out the books in BP, I think they have a book for that.

Bay Area is quite expensive, but you can leverage your high income as nurse to build wealth and minimize housing expenses in the long run via real estate. Just my 10 cents.

Good luck! And I don’t think anyone will exactly know what will happen to the market, if they do, they will be many times millionaire.

@Arianne L., I know your story but it never fails to inspire and makes me smile 😊 I love hearing the success story of fellow immigrants, striving and working hard for our families And doing well in America. I felt the drive and ambition sister, cheers to your success and hope to work with you guys in the future.

@Turo Tales first thanks for your service! We have the privilege of doing things we love like real estate investing because of the men and women of our armed forces. Anyway, a 1031 exchange ie buying a more expensive property like a multi family house will be a reasonable next step, but again as most of the folks in the thread may ask you, what’s your goal?Once you identify that, you can determine your next steps. A lot of the folks here are very seasoned and will be a wealth of guidance but of course you have to do your own research and due diligence. Best of luck!

Hi BPers,

Hope you guys are all doing well

Any recommendations for a solid contractor for exterior painting? Home advisor and Yelp failed me the last time, will appreciate the recommendations from you all.

Cheers to our success!!!

Thanks,

Fernando