All Forum Posts by: Mateusz Prawdzik

@Anthony Gayden I love that, having great drive and the grind to keep going is important. Work, knock out debt, save, and be thrifty, that's how millionaires are made. It's not about how much you make, it's about how much you save. And always give back to the community. 

@Alexandra Holmes The first thing to do is to take action. Most people don't do this PERIOD. Learn and take in the information but make sure that you are applying every single thing you learn and make mistakes while you're at it so that you can learn better. My first flip was bought about 10 months ago, I didn't read any books, listen to anything, and only had one person vouch for me and give me some capital to start. Do you know how hard it is for a 18 year old to get started when everyone is telling you that you're going to fail... VERY HARD. Since that time, I have completed 8 flips all managed by myself, 5 wholesale deals, and am working with others on BP and throughout the community teaching them how to manage their own projects and what to do and how to do it.

Why am I telling you about myself? I want you to see that even when people say "you can't do it" and "you're going to fail," you have to just keep going and bulldoze through what everyone is saying and get up when you fall. Make sure you are hands on with everything you do. FOCUS, put all your eggs into one basket and take the huge risk because the reward is worth it. I did it, learned a lot more in 10 months than most investors learn in 20 years, and I'm proud of it. Can't say i didn't get lucky because I did and I'm grateful for it.

My advice to you, is to pick something and stick to it. Don't spread yourself out and do everything because you've already failed before you started if you do that. If you want to flip, then go to meetups and find someone that flips and try to work with them. Hunt for capital, there is plenty of money out there you just need to go and find it. Private investors are everywhere and they all want to make money because making money is great. You have to prove to them that you are worth their time and you (even though you have no experience) bring value to them and you will give them the best reward. 

If you want to work for FREE, most people love that and expect that. They don't to pay you for teaching you and working for them. That is one thing you'll learn in this business, about 90% of people, will do anything to take advantage of you, yea sure you have to let them take advantage of you in order for you to learn and trail someone that has tons of success but you have to know when to go your own way and use all the knowledge they thought you and apply it. 

That's my advice to you, just work, hustle, take action, and put yourself out there and find people to work with.

@Robert Stephan The HML and PMLs give you a proof of funds as long as you completed the application and got pre-qualified for a loan. You can usually reuse the one they send you, so they usually only need to send it to you once.

@Brian Pulaski I am telling you, these people don't understand that you don't buy retail or a price that they want. Most of these people get emotionally attached to the home and they don't put that emotion aside and expect you to pay outrageous. Don't waste your time with people like that, I've been there and it isn't worth any of your time at all. 

@Ali Dawood My recommendation is to not read books on rehab estimates because prices within the mile change. I know people 40 mins from where I do most of my work that pay x2 as much as I pay for Plumber connections and electricians. Trust me when I tell you, go hands on. Stop reading and just do. Doing is more effective. You might screw up and lose money but you'll LEARN so much quicker that way than not losing anything and just reading some text in  a book. I know because I experienced losing first hand. Please just connect with me if you have any questions about anything that has to do with construction, managing, or if a contractor gives you an estimate, I will let you know what I think is good or bad about the estimate and what questions you need to ask him with regards to the estimate that he sent you.

@Ali Dawood It is definitely possible just needs to be coordinated in your schedule. I manage all the jobs full time and don't hire a GC, you always have to be there if you are doing it that way because you never know the kind of stuff that will need your attention. If you are hiring a GC, make sure that you are paying him for the work that he did and the materials, that's it. Don't pay anything up front and make sure you keep an eye out for anything he does and/or DOESN'T do. If you are looking to learn anything about the flipping process as far as the nitty gritty goes, definitely allocate more time to it than less time. The more you know, the less people can play with you, and the less people play with you.... the juicier the return.

Getting started is the hardest thing for sure, how you do it is your choice because there are many way to get started. With that being said, I got started by just taking action and getting lucky. If someone tells you they are where they are by purely skill and hard work, they are not only lying to you but themselves too. Everyone has to get at least a little lucky in order to be on the top. Being at the right place at the right time, and I was, and I am very grateful for it. With that being said, I started about 10 months ago with wholesaling and getting deals under contract was not that easy especially since not many people trust an 18 year old with buying a house and closing a deal. But I did and after closing the first deal, the other ways were easy because I gained lots of experience with the first deal. Finding the deals was the hardest thing out there, especially in NJ, there was lots of competition and as a beginner my rehab estimating skills were not too advance like they are now and my negotiating skills were terrible too. But after 4-5 whole sales I decided that sometimes in wholesaling you can work on a lead for 2-3 months and not getting anything out of it because they are wasting time. Wholesaling was and still is the hardest thing in this business , so that's why I decided flipping....

I started my first flip in December of last year, I started small with rehabs and now doing add a levels and developments. In 10 months time I grew from a single flip to 8 flips. (6 being done.) I have been blessed and am lucky to be in the position I am in and have learned at a rate that no one else has. I know how to estimate rehabs, what's a good investment in a home and what is not, I've learned to talk to people especially contractors, I've learned who the snakes of this business are, I've learned to connect with the right people, I've learned to grow my company and business, and most importantly I've learned to take risk and it will pay off.

I am just now starting to allocate about 10% of my funds back into marketing and advertising and growing my company sending out mailers and doing door knockers. I am looking forward to connecting with everyone I possibly can in the business and growing my company and branding myself. I try my hardest to get something from nothing. Literally multiply $500 in the very beginning to now starting to grow a company that I will eventually be on top of the world. The saying goes, if your mind can conceive it, then the body can achieve it.

If anyone has any questions about anything, please reach out to me. I will be glad to give my advice. I appreciate the support

@Ezra Mash@Jose Castillo@Michael Diggle I started that exact way, I started about 10 months ago with wholesaling and getting deals under contract was not that easy especially since not many people trust an 18 year old with buying a house and closing a deal. But I did and after closing the first deal, the other ways were easy because I gained lots of experience with the first deal. Finding the deals was the hardest thing out there, especially in NJ, there was lots of competition and as a beginner my rehab estimating skills were not too advance like they are now and my negotiating skills were terrible too. But after 4-5 whole sales I decided that sometimes in wholesaling you can work on a lead for 2-3 months and not getting anything out of it because they are wasting time. So I decided flipping....

I started my first flip in December of last year, I started small with rehabs and now doing add a levels and developments. In 10 months time I grew from a single flip to 8 flips. (6 being done.) I have been blessed and am lucky to be in the position I am in and have learned at a rate that no one else has. I know how to estimate rehabs, what's a good investment in a home and what is not, I've learned to talk to people especially contractors, I've learned who the snakes of this business are, I've learned to connect with the right people, I've learned to grow my company and business, and most importantly I've learned to take risk and it will pay off. 

I am just now starting to allocate about 10% of my funds back into marketing and advertising and growing my company sending out mailers and doing door knockers. I am looking forward to connecting with everyone I possibly can in the business and growing my company and branding myself. 

If anyone has any questions about anything, please reach out to me. I will be glad to give my advice. I appreciate the support

@Account Closed Looks like I have something to do in the free time for the rest of my summer. Thanks for this.

@Antonio Coleman I really like this approach, I will use it for sure. I am going to get 2 rounds of letters. One to warm them up and the second one to follow up and get them to call. I really like that actually, thanks means a lot for the help.