All Forum Posts by: Account Closed

Tinotenda Arigurinu - I can only imagine! Glad you're here.

Would depend on your study skills, the requirements of your major, how organized you are, help you may have available to you....lots of things...and, of course, there is cash flow to consider... do you have funds to keep things going if one of the areas of your life demands more...

I do like the idea of getting the early start though; there is something especially invigorating about beginning a new chapter in one's life that compels one to push hard, accomplish more than you thought you could. This is one you'll really have to figure out for yourself. How compelled are you to do this?

Might be a good time to write your business plan, put lots of scenarios to pen and paper. everything from financing through the final closing to your retail buyer...once you get the plan down on paper, you might find you are compelled to start...and you'll have your roadmap to do it...

Best of luck! Its good to read your enthusiasm.

I'm glad you went Keela!

Welcome Tinotendu! Both to BP and to the US!

Jean

...could be...she is working with you because of your past relationship...she maybe would really like to steer you to a little higher priced homes, especially if she is working with you for more an one deal.... she may just be saying, (without saying) she really doesn't work at this price point, she works in retail sales, not investor sales....

agree with J Scott, the short sale could be more trouble for her than it is worth.... especially if she is unfamiliar with expediting the sale.....in the meantime, you might have picked up two or three other properties...

...maybe look for a listing agent who has a lot of properties in the price range you are looking for....maybe their website says they specialize in dealing with investors, or foreclosures, or distressed properties... (other key words you'll pro'lly figure out as you search their websites....)

I was in a similar situation, finally just looked up the listing agent for one of the properties that I had been trying to get the higher end agent to show me....parted ways with the higher end agent... we were both better off...

interesting to me was that my behavior changed when I used the 'investor-grade' agent....I knew he wasn't making much on the deal, I kept conversations to the essentials (anybody who has read any of my posts know how nearly impossible that is for me...)

i thoroughly researched the properties before asking to view them... Only viewed four properties, bid on two, closed on one.... agent couldn't have made much money at that price point, but his total time was very minimal... and I did buy him a nice tactical flashlight like mine!

I'm not saying this is the way to do this, just this is what worked for me. I've only bought one property so far...

Paul, that's good to know that at least in your experience Rentometer has been valid. Rentometer seemed fairly consistent than what I have observed in my area too, far better than zestimates of rent! (Zestimates are Zillow's estimates)

Would a realtor in the MD area be able to help?

..just a thought on rentometer... the site lets me enter any amount for my rent to see if its good for that area. I wonder if the site then incorporates this figure into future calculations for the area?

I entered the amount I thought I would charge for my unit... this wasn't an amount I was actually receiving... what I think I can get may vary greatly from what I actually get, so is my fictional figure distorting the calculation when the next person uses the site?

...just wondering how rentometer gets their data...

J. Scott gave you a great response. (I was blathering on while his post came in. Homerun!)

He is definitely someone you want to read. He has a great website too. Look for the webpage at he bottom of his post.

First, welcome Dietra!

This is a great site, but like any forum, there is a bit of technique to getting answers. Always put the subject into your heading. That way it will catch the attention of relevant posters. For instance, you put "really need help'. I am a mom-type personality, like to take care of people, so I will always be attracted to a plea for help. Unfortunately, I have limited RE experience, only one buy and hold property so far, not done rehabbing... and I have never explored wholesaling. So, all you can get from me is ...help. Non-specific, and non-expert...

Next, have a specific question about wholesaling. (You might have in your other threads, but since I am totally inexperienced at wholesaling, I didn't pay attention to it...) Maybe you want to make a list of all the relevant steps in getting started in wholesaling, then ask everyone if you missed any steps. Ask if certain things are feasible, or fantasy. A specific example also elicits interest, such as: "I have this house under contract, seller changed ..., buyer needs..." or whatever.

Brace yourself for answers that seem clipped, rude. They are not, they are just giving people a wake up call, if that is what is needed. If the original poster comes back with more questions, clarification, and especially, appreciation, the responders will come back with more good information. Keep coming back to the threads you start, also join in on other threads.

Now, two big steps to getting started (do these at the same time, well, not quite the same minute, but start both this week!):

1. Get a notebook and a pen, start at the first (oldest) posts in the category(s) that you are interested in. Read and make notes. Make note of posters who know their business. Follow those posters, send colleague requests. (Have to admit, I don't know the benefits of 'following' I am still learning too ;-) I got up to about page 40 of the landlording forum before I bought m first buy and hold property. The information I got from this forum was incredible! If you come up with questions as you are reading the older posts, use the search feature to find more information on those subjects. Then back to reading the older posts! Ca-chew! (that's my whip cracking)

2. Find out about the local investor groups in your area, probably REIA- Real Estate Investors Association, and maybe others. Then join those, go to monthly meetings, meet-ups, outings. I wouldn't spend big bucks for 'mentoring' or 'guru' programs yet. Not until you have read all the way through the categories that are relevant on this forum. But, you do need to 'have boots on the ground' in your local real estate market. You need to meet local people, find out about real estate in your locale. For instance, at today's REIA breakfast, I learned that my state has some of the very stiffest fines/penalties for lead paint liability in the nation. I have also previously learned that my city is fairly reasonable with landlords, but the judges don't like to do evictions in the winter months, especially December. For me, this is relevant info. Yours will be different. Remember, all real estate is local. Meet people locally.

Whew! Still with me? Good, you'll make it. You gotta be tenacious to get ahead in this life, but its worth it!

Glad to meet you! Love Texas! Padre Island, San Marcos, San Antonio, Houston, all of it!

Others, please chime in. Yea, sorry I am the mostest wordiest, long-windedest poster! Sorry 'bout that!

Jean

..and bring a notebook and pen. Someplace to collect business cards is handy too.