All Forum Posts by: Fradel Schaechter

Here is one other website to check out: therealestateinvesther

One of the hosts, @Liz Faircloth, is here on bigger pockets as well.

Best of luck! Lastly, don't expect quick results: as a matter of fact, I have seen in my own life that on my path to financial freedom, the process has been slow but steady, and I think that is more powerful than trying to get it all done at once.

@Devante Boll- I would suggest finding podcasts in which the guest is a woman. I know I really enjoy seeing that woman can be in this too! (I guess I need the validation because my friends think I'm a bit crazy to be so into this stuff, they think it is a man's field...)

Podcast #35 , #78, #103 and #132 are just some of them. In addition, quite a few of the Money Show episode guests are woman: perhaps she will be able to relate to these concepts when spoken about from the mindset of a woman.

There was one show, and I can't remember which one it was, that the guest was talking about the differences between men and women, how women are more afraid of risk and leverage, and how she has overcome that in starting a real estate business. I can't recall which show that was, but perhaps some other people here can provide the show number...

@Carloz Gil There are principles from two books that come to mind:

1. Rich Dad, Poor Dad, by Robert Kiosaki
   1. Your primary residence (unless you do a house hack, a lot of information about that on this website) is NOT an asset. If you can find a reasonable place to rent, it might pay to postpone buying a home until you get a bit ahead financially.
2. The Total Money Makeover by Dave Ramsey
   1. I know his views can be seen as extreme, and I am not sure that I would not get into debt ever at all, but I still think focusing on getting out of and staying out of personal debt (that of course, does not cashflow) is a great way to pave your path to wealth.

If you have not read these books, I highly recommend you do, and listening to the Money Show here on BP will also give you a wealth of information regarding personal finance and Financial Independence.

Best of luck to you!

One more thing: it's great that you are familiar with more than one market! If you ever do invest in the market you are from you will be at an advantage for having a better picture of the sub-markets and the moving pieces that affect it.

Podcast 274 guest mentioned that he only invests in markets he knows, (and has two other rules) and has been very successful with that.

Also, I know I have learned a lot from reading/podcasts etc. but I think one other important component is getting active in the forums. I know I have learned a lot and have connected with many people that way.

@Moshe Wolfe sounds like your doing all the right things to succeed in this space.

Best of luck!

@Mi’esha Watson I am interested in syndication as well. I am working on reaching out to syndicators with offers to help and hope I can learn and get a better picture of this field and what I can do to get into it.

I am focusing on learning a lot, rather than the speed of me getting into a deal, and I hope the quality of the information I learn will be positively impacted by my approach. I am not in a rush and that allows me to proceed carefully and with intentionality. (not sure if that is a word, but you know what I mean...)

Good luck!

If you want to hear more about what I am doing as I try to get into this, you can DM me.

@Matt McKinney- private lending for a share of the deal is one option...

@Matthew John- do you know if you want to invest near you or in the U.S.?

Having a market you are interested in will allow you to be more targeted when you reach out to investors/ potential team members.

Best of luck :)

@Account Closed it seems you have learned a lot from the podcasts/books. If you are interested in a specific niche (mobile home parks, etc.) you can focus on building connections in that area by reaching out and offering your help. In the meantime, saving some (or all) of your income once you go to work can help you build the 'reserves' you'll need once you do a deal in the future.

Good luck!

@Ian Cosley- I am filled with admiration for your father for not allowing his missing arm to get in his way to success :)

@Account Closed- So true! Every time I think 'so and so has the perfect life' I find it was an illusion. Helps me judge people favorably when they don't behave as they should...