All Forum Posts by: Maria Diaz

Hello!

I’m trying to learn the ropes as I go. I haven’t purchased my first investment property yet and honestly, I’m determined to gain knowledge through self education and I have no rehab experience nor have ever worked with a contractor. It feels very overwhelming but you have to start somewhere. I would also love to be able to shadow or speak with a contractor to know and gain knowledge from them. Alas, I don’t feel like I have a lot to bring to the table so to speak so not sure that idea could even be entertained.  

I’ve been looking into the meetups forums and wonder if this is the right avenue I should pursue? I know I don’t know everything. When reading the posts on this forum and listening to podcasts, etc, I always hear or see an acronym or a term that I’ve never heard of which gets discouraging. I know things take time and experience but does it get easier? 

I’ve messed with the calculators on this site picking random properties that interest me (particularly in multi family homes) but I know from this site that you need a good team. 

I’m also quite introverted and know that this will need to be something I “get over” in order to succeed in this new venture.

I’ve looked at the book selection and wanted to ask the community if there are any other books you recommend?

Sorry for the long post but trying to ask the burning questions to this wonderful group of experts. 

Thank you!

Quote from @Ryan Cleary:

Hi Maria!

Seem's like you are on a great track.  Don't listen to anyone else, you know better than anyone what you are capable of.  I came from a similar situation where I had no support and many critics.  3 years and 6 houses later, it was the best decision I ever made. 

I would try and reduce your living expenses before leaving the comfort of a regular paycheck. You’re got this!

Hi Ryan!

I appreciate that. I’m glad to know I’m not the only one that dealt with naysayers. My living expenses are pretty low now and I don’t spend beyond my means but I also feel that I’m just average. I’m ready to take it to the next level!

Nice to meet you!

Quote from @John Karg:

Hi Maria! 

Congrats on getting your real estate license! I believe that is one of the smartest things to do, as you can represent yourself and credit the buyers agent's commission to your closing costs--that's what I did personally. I would recommend checking out LoKation (The K Company) real estate brokerage in Pompano Beach. They have a transaction fee structure instead of a percent commission split, and great training and support available for beginners. I also recommend making sure you maintain your credit score in tip-top shape, as this will determine the rate you get on almost any loan. Feel free to reach out anytime with questions! 

John

Thanks John! I will check them out. I appreciate the information! Have a wonderful week. 

Hello! 

I’ve been lurking for a bit and attended a couple webinars by Bigger Pockets. I put a lot about me on my actual profile but really am just getting started. I have my why and have started with the 90 day challenge. I’ve been working the corporate life for many years and am tired of the grind.

I'd like to start my niche in multi family properties and when I was very young I used to help a relative realtor input listings into the MLS system so I have some knowledge about how that works. I don't know a lot about fixing up homes but am hoping to attend some meetups and network with some like minded folks.

I don’t have a ton of support locally, meaning my immediate family doesn’t really believe I can do this.  I’m doing this on my own and have a lot more research to go before I even feel close to comfortable. I work a full time job and passed met real estate exam in September. Since I work full time, I haven’t been able to list with any brokers to get properly trained but I have the fundamentals down.  I know it’s possible to keep a FT job while investing and I’m committed to gathering leads and putting in some work. I do worry that I may be taken advantage of but I also think that if there is no risk there is no reward. 

Anyhow, thanks for letting me introduce myself. Hope to virtually meet you soon!