All Forum Posts by: Mike Finn
Mike Finn has started 11 posts and replied 47 times.
Quote from @Jason Anderson:
Quote from @Mike Finn:
I agree with most commenters. Be leary of mentors/classes. I know several people who have paid tons of money to mentors with nothing to show for it. Really hard to sift through all the bad "mentors" to find a true one.
That being said, I have been really lucky. I found a few local mentors who helped me get started (free of charge, just bought them coffee/lunch when I needed advice), and then found a mastermind. The investment into the mastermind was not cheap, but ended up being the best money I've ever spent. I am happy to connect you with the person who started my mastermind but know this: Any group like the one I joined is only as valuable as the time you're willing to invest in it. If you sign up and never attend any of the classes/discussions, then you won't gain value. You have to be prepared to really push yourself to extract the maximum potential value.
Makes sense! This forum and those you meet here can be a great resource in the meantime. Dont hesitate to reach out to me for (free) advice! Certainly not as well informed as many on this forum, but happy to help if I can
Post: Newbies: investing is not rocket science - don't let the gurus tell you otherwise
- Posts 47
- Votes 16
Quote from @Nicholas L.:
yep. and some will point to the EXCEPTIONS who somehow blew up at 22, broke all those rules and bought 300 properties. that's fine. they exist. but i've always thought, that's like saying you can play basketball in the NBA because LeBron does.
Well said! Have to play to the odds
I agree with most commenters. Be leary of mentors/classes. I know several people who have paid tons of money to mentors with nothing to show for it. Really hard to sift through all the bad "mentors" to find a true one.
That being said, I have been really lucky. I found a few local mentors who helped me get started (free of charge, just bought them coffee/lunch when I needed advice), and then found a mastermind. The investment into the mastermind was not cheap, but ended up being the best money I've ever spent. I am happy to connect you with the person who started my mastermind but know this: Any group like the one I joined is only as valuable as the time you're willing to invest in it. If you sign up and never attend any of the classes/discussions, then you won't gain value. You have to be prepared to really push yourself to extract the maximum potential value.
Post: Bad time with rates and prices!?
- Posts 47
- Votes 16
Quote from @Nicholas L.:
house hacking is a great way to get started but not everyone's situation permits it.
here's a great thread on the challenges of investing OOS in the midwest.
https://www.biggerpockets.com/forums/48/topics/1159104-overl...
Great thread, thanks for sharing!
Post: Need advice first rental property in Overland Park KS area?
- Posts 47
- Votes 16
There are a few pockets that might cashflow well, but I would consider different suburbs. Home prices are ridiculously high right now. That, coupled with interest rates being so high, make it hard to find a house that will cashflow right off the bat. They are out there, will just take some digging!
Start listening to Podcasts, man! BiggerPockets is your friend. They have published a ton of books on real estate. My advice is to start reading. There are so many strategies out there, it might take some time to determine what works best for your goals.
Which brings me to my next point...what are your goals? What do you want Real Estate Investing to do for you? Are you looking to replace your income? Or are you more concerned about cashflow after retirement and have no plans to leave your W2? There are so many avenues available to you, but you want know what path is best until you wrestle with these questions.
Best of luck!
Wow, imagine my surprise to see @Wyatt Seidel and @Brett Deas talking to each other on the same BiggerPockets post. Small world!
Quote from @Sienna Keillor:
Hi Mike,
Keillor Capital funds fix and flips. Available for a call? Can quote within the hour
Thanks Sienna, messaging now!
Quote from @Sophia Buesing:
Hey Mike! We help with a ton of fix and flip projects. Would love to help!
Hey Sophia, sending a message!
Quote from @Reginald Cabine:
Hello, I am a rookie investor trying to understand how to invest in my first property without losing my shirt. I've read articles about hard money lenders want to know is this a viable option?
Really depends. Are you looking for a buy and hold? A flip? Single family, multi-family?
Lots of unknowns in your post. If you dont know the answer to these questions that is okay, dont get discouraged! Keep reading/researching until a path resonates with you. Then you can rely on this forum for next steps