All Forum Posts by: Account Closed

Heather Macaulay Your post has really resonated with me. You have worked on wholesaling for five months and you don't like it. That's ok. You may be so close to the gold mine but if you hate it there's no need to pursue it any further unless you want to give it another chance. There are other niches and strategies out there and like others have mentioned you could do buy and hold and do owner financing or find a money partner or work your other business and save up more money. It seems like so many newbies start without money and decide to go into wholesaling to raise capital so they can do buy and hold. That's what I thought I wanted to do too but it seems so overwhelming and intimidating and so many people are trying to do it. I'm just wondering if it's even worth it myself. At least you got out there and tried it.

James Watts Where did you hear the interview? Was it on the BP podcast? Thanks in advance.

I love the idea of house hacking but I'm trying to figure out the logistics. I'm thinking it may not be a good idea in my situation since I have a baby. My baby isn't quiet - he loves to cry, scream, squeal, babble and play. Soon he will be a toddler and will be walking and running and will be making even more noise. I worry that if I bought a duplex or multifamily unit and lived in one if the units we would be making too much noise and would bother our neighbors. It doesn't seem like a good idea to buy a fixer upper either with a little one at home to take care of. Has anyone on here house hacked with a baby or toddler at home? How did you handle it? Did people complain about noise? Thanks in advance!

That does sound odd but they are probably looking for people who are interested before putting under contract or simply building their buyer's list. I know there are a lot of sharks out there but maybe there are newbies too who aren't sharks but they are starting out and just trying to build a buyer's list. It's an old trick that's been around forever and even gurus teach them to do this starting out. If it's a newbie no judgements here they have to start somewhere. It may not be the best we or your way but lots of people do it.

If you have the money to pay for college then go for it. Otherwise I would get a real estate license and become an agent and use your money and time to learn more about real estate. You could take some business classes at a local community college too if you feel like you need more information on business. You don't have to have a degree to be an agent or investor. I think college is great but it doesn't necessarily make you wealthy and you don't need a degree to invest in real estate. Maybe once you building your investment portfolio you could go to college and your business could help pay for it.

Aaron K. You did the right thing by rejecting him. I mean if there's drama already just in the application process imagine what it would be like if he were a tenant! He may be a nice guy but then again, do you really want to take a chance on someone with that type of history? Kudos to you for responding to him and telling him why he was rejected and hearing him out.

I am going to the REIA monthly meeting next week. The last time I went I was very overwhelmed because there were so many people there and it seemed like they were already in their own groups talking and mingling. I am very shy so it's difficult for me to just walk up to a group of people already carrying on a conversation and introducing myself. I would really like to step out of my comfort zone and meet new people and network. I plan on going to some of the subgroups since it is a smaller group and less intimidating so it will be easier for me to meet people and network. For those of you who are good at networking, what tips do you have for a shy newbie like myself?

I would also let the current owner evict them. They are problem tenants and they aren't going to change. Even if you have to do some repairs and buy some appliances at least you will have a fresh start and you can find some reliable tenants. I wouldn't take on bad tenants. That's more of a headache and hassle than it's worth.

Oh I am not able to edit my post but I agree with a previous poster about Spartanburg. If I were to invest in another town I would look for properties in Spartanburg. They are cheap and there is less competition. I bet you could find some good deals there and taxes are much cheaper.

Maybe you could figure out a different niche like student housing at UNC Asheville, vacation rentals, mobile homes, housing for elderly since a lot of people retire there, etc. There is money to be had close by you just have to figure it out. Also, it may take more work to find properties in a hot market but it would be better than driving a long distance. Charlotte doesn't seem that far now but having to drive there all the time will get old. I would be curious as to what their investors are doing there. BTW you are so lucky to live in Asheville! It's such a beautiful place!