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All Forum Posts by: Kyle Gregg

Kyle Gregg has started 20 posts and replied 296 times.

Post: Should I get my real estate license

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

Start listening to the podcasts and you'll find that MANY of the investors out there are working a full time job. They will go in depth on how they pull it off and be very successful at investing too. 

http://www.biggerpockets.com/renewsblog/category/podcast/

I've been wondering if it would benefit me to get my real estate license as well. Learning all the ins and outs of making deals and being able to search the MLS to find properties would be a huge help.

Post: Paying back principle amount

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

Depends on what the original financing was. What was the property & rehab financed?

Post: First take down

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

Congrats on the progress! Care to share and more details? Numbers? Pictures?

Post: Where are my pitfalls?

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

i suggest listening to show 37 of the BP podcast.

http://www.biggerpockets.com/renewsblog/2013/09/26/lifestyle-investing-podcast-aaron-mazzrillo/

First off, investing in real estate while still paying someone elses mortgage so he can cash flow would be the first thing i would want to eliminate. This is where i currently am in my strategy. I am renting and refuse to do so any longer. 

My plan to get out of it? Buy a multi family property. Live in one unit and let the other tenants cover my mortgage. So all the money you used to be throwing away into someone elses pockets, can now be used to invest in other properties. But this is my plan because i dont have a lot of money to invest with so i need to free up as much money as possible.

Post: New Wholesaler from Maryland

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

@Ned Carey yeah yeah ill be there next month!

Post: 2% Rule is the Stupidest Thing EVER!

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

@David Krulac wise guy.

Post: where to start starting real estate investment business

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

Welcome to BP! The ultimate beginners guide is a great resource. Read it. If anything in the guide sparks your interest...do research about it to learn more. Search the forums. there's endless amount of knowledge available on this site, just have to dig around.  Read books too...i found that books help with changing your mindset when it comes to investing. 

Post: 2% Rule is the Stupidest Thing EVER!

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

Consider the 2% rule as a first layer of filtering? If you were given information on 1000 properties, what would you do to get a quick assessment to which to dive deeper into? 

Post: Real estate market trends to follow!

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

Thanks for posting. Good read.

Post: 2% Rule is the Stupidest Thing EVER!

Kyle GreggPosted
  • Baltimore, MD
  • Posts 301
  • Votes 82

I think a rule of thumb, in general, should always be taken with a grain of salt. No market is the same, what might work for him might not work for you. I'm sure if you ask Brandon, he will say the same thing then continue to explain that you need to have experience in the game to know how to analyze property properly.