All Forum Posts by: James G.

In my opinion, networking is going to be one of the single most important things you can do. The more people you know the more access to money you have, the more access to deals you  have, and ultimately, the more options you have. My main priority if I were to start over would be to educate myself as much as I can, and meet as many people as I possibly can. Hope this helps

I love this question. For me it wasn't a single event, it was constantly hearing from podcasts, books, people that they started with nothing and became successful. The more I heard it, the more I thought... If they can do it, I can do it. I think just surrounding yourself with influential people and education as a whole can motivate someone to reach their full potential. Rich dad poor dad was a good first step for me too!

As an investor, if someone has poor eviction history, I would want them to pay more money up front for their rent. If she has 3-4 months rent up front, I would personally accept her into my rental property. I do not speak for the BP community, this is just what I would do.

There's two ways to deal with this fear... One way is by educating yourself. The more you know, the more confident you'll be. The other way, is by just doing it. How do you get better at public speaking? Practice. How do you get better at approaching women? Practice. How do you get over the fear of sky diving?  by doing it... Period.

I'm sometimes willing to go slightly above this rule if the seller is willing to get creative. Let's say the seller is willing to seller finance or take on a 2nd mortgage. I am now saving money in bank fees and it makes my life a hell of a lot easier, thus why I am willing to pay a little bit more for this. This is just one of the many possibilities. Get creative a little bit if you need to go above 70%, but don't go crazy... theses rules are there for a reason.

This is really a subjective question, but, in my opinion, you'll find some of your best BRRRR opportunites in the Midwest. The midwest has good prices for cash flowing real estate, and there is a lot of opportunity. I am personally in the St. Louis market, and I find that there are a lot of deals in my market that are BRRRR prone. Hope this helps; feel free to pm me if you have specific questions.

Try @Joshua Harger . Very hard working, high integrity, and knows his stuff. PM me for his contact info and I'd be happy to share. Let him know I referred him.

Kolonel Sanders, the founder of KFC started KFC when he was 65... You are just getting started my friend.

If you want to get off market deals, the best way is going to be between you and the seller with no agents involved. You'll negotiate the best deals this way, and you won't have to depend on anyone to get the job done.

@Brett Mason do you want to be a real estate agent or are you hoping that you are going to learn more about investing through doing this? If you are going to get your license, don't do it because you think it is going to help you in your investing career. Do it because you love real estate, and you want to sell homes.