All Forum Posts by: Kristi Tietz

Hi Kristi, 

I am gator lending! Not a bad idea at all! You have got to be sure your contracts and terms are solid and ran through title to be sure you are protected. 

@Kristi Tietz Hello Krisit, I'm in the Metro Detroit area just getting started. I'm 21 so I have definitely been through the whole thought of mentorships & paid group. BUT... I found a group on FB that added so much knowledge and experience to my understanding of real estate it allowed to get a head start. I attended the meet ups and met all of the great investors that are apart of the group. I never thought meet up like that where around here. Feel free to send me a message and I'll help you with finding the right people to get started in our area.

Really good advice from @Bruce Woodruff and @Jonathan R.   

To the responders that tout their investment success and also demand a "coaching fee" - Something smells fishy.  If you are that successful with your investments, help someone for free.  If you need to make money, your time is better spent on investments (if you are good at it...)

I have read all the comments on the thread and I think this is the best one. I do a similar type of investing to Ashley Hamilton, though I built a large part of my portfolio prior to listening to her podcast. It helped solidify what I was doing. First, you don’t need a mentor. And I love him to death and have liked many of his comments throughout the years, but Shiloh is wrong too. You can go on your own and own more that one or two properties. I’m at 12 in 5 years, 11 are owned outright. I haven’t even started to leverage. I wanted to learn the game first. 2nd, I’d get away from the wholesaling and flipping idea. You want to own the properties, the other is a job. To me, my properties are all worth a million bucks, I worked hard on them and have no intention of selling them in my lifetime. 3rd if you can make a relationship with an affordable, reliable and quality contractor, you will succeed. My guy isn’t high on the reliability scale but he checks the other two boxes. I bought him a cheap house and did a contract for deed with him that I pay for while he is working for me; I can’t wait to give it to him, honestly I’m buying him more the richer he makes me, I’m his retirement plan. I gave him a truck and pay his phone bill. He’s not going anywhere. He’s my contractor and my handyman. 4th and finally, you’ll figure it out. After my first deal I absorbed bigger pockets, the podcasts and the forums, while I saved up for my next deal. How can I? Let your brain scour and figure out how to fund the next deal after you find it. I put myself to the test on deal #3. I put it under contract with no idea how I would buy it, I gave myself 30 days. That seller and I have partnered on several units afterward. Real estate is crazy and limitless. Make friends. It’s a relationship game. If you can pick up friends, you can get rich. Best of luck!

PS. I started with a 7k tax return and 20k in a 401k, that’s it. I make below 80k in my W2 and am the sole breadwinner in my family. Anyone can do this, they just have to want it and take risks.

Hi Kristi - I'm from Detroit and am now living in Los Angeles just getting started in investing. I'm a licensed architect and have a grad cert. in RE Dev from UofM alongside my M. Arch degree. Let's connect and see how we can share resources and grow! I think I'll be able to lend you some coaching from my experience to date and resources in the 313 x 248...