All Forum Posts by: Mindy Jensen

Welcome to BiggerPockets, @Chris Greer. 

You've found the Forums and the Podcast, but did you know we also have a Blog? Just one more way to learn about real estate. 

Do you have an idea of what type of real estate you want to invest in?

This is a great question, @Leon Cumberbatch. 

Have you checked out The Book on Flipping Houses by J. Scott? He gives some amazing advice.

Partnering with a more experienced flipper is a great way to learn the ropes. A good deal can turn into a not-good deal quickly, just by underestimating the rehab costs. Having a contractor go through with you is a great way to get a handle on what needs to be done, but finding one who will go through it with you before it is under contract can be tough. Heck, finding one who will go through it with you AFTER it is under contract can be tough, too.

What sort of work does it need? How extensive is the remodel and how far below market value or ARV (after repair value) can you get the property for?

@Toben B., nice!

I don't like whites or off-whites because of the dirt factor. I really like light to medium tans or greys to keep the dirt from showing so much. 

My current house is light grey on the bottom and dark grey on top. White trim looks crisp but there is so little of it I don't have to constantly clean it. 

Would love to see a picture of it after the paint. 

Welcome to BiggerPockets, @Kaitlin Holmes.

That is an awesome situation to find yourself in. It doesn't sound like you will have much - if any - competition for the property, which is a great place to be in.

Do they own the property outright? If so, would they consider seller financing? That way they could still have income without having to deal with tenants any longer - and you don't have to come up with the money for the purchase. Win-win.

If seller financing isn't an option, triplexes can qualify for FHA loans, which can be had for as little as 3.5% down.

Good luck. Please keep us updated on the progress.

Welcome to BiggerPockets, @Account Closed. 

You're in luck! Our next webinar is titled How a Newbie Can Start Building Wealth Through Real Estate. Click the link to sign up. Webinars are free.

Have you discovered our Podcast yet? It is one of the top-rated business podcasts on iTunes. 

Make connections with people on the site as well. Search the site using your zip code to connect with people near you. There's probably a meet up near you as well. A great way to connect with like-minded people.

Welcome to BiggerPockets, @Matt Dorsten. 

Have you set up your keyword alerts yet? Reserve at least one for your local area, to keep up with conversations and connect with investors in your area. Another keyword idea would be commercial or build to suit.

Have you found our Podcast yet? Listen to one and you'll be hooked!

Welcome to BiggerPockets, @Jusstin Johnson. 

I guess one of the first questions you have to ask yourself is what kind of investing do you want to do? Rentals and Fix and Flips are the most common. With financing already in place, you're ahead of the pack.

Do you have an investor-friendly agent? I would start looking for someone you can work with. Lots of them here on BP. Once you find an agent you feel comfortable with, have them set you up to receive auto-emails from the MLS for your target area. While you may not find many deals on the MLS, you will get an idea of what the market can bear, which will help you analyze your deals when you go to sell them.

Now you need to find a deal. Check out Episode 141 of the BiggerPockets Podcast with Chad Carson. He details 7 ways to find incredible real estate deals.

Another thing to do is educate yourself. Poke around the forums and see what other people have to say.

Conveniently, the next Webinar is titled How a Newbie Can Start Building Wealth Through Real Estate. The best part? 100% free! Check it out!

Welcome to BiggerPockets, @Chelsea Collins.

Whoa! I'm not at all disappointed that you can't share the smell with us. Pretty sure I can smell it just by looking at the pictures. Smells like money! They sure left a bunch of crap stuff behind for you. How nice. Only 6 dead rats? My money is on you finding more. Unless you don't go through the boxes...

I would love to hear the story of how you acquired this gem.

Seriously, this is my kind of house. Can't wait to see the afters!

Welcome to BiggerPockets, @NIkki Dugas. 

There is a Northern CO meetup in Erie the first wednesday of the month at The Old Mill, downtown Erie. @Dan Mackin set it up. Check it out sometime.

I'm just down the road from you in Longmont. Nice to see another local!

Good luck wholesaling in Boulder.

I have been doing research on this topic and find answers ranging from 7 days to 28 days.

Since you have had a long relationship with them and your children are friendly, I would err on the generous side and give them notice to vacate by the end of day, 10/31/15. You are terminating a month to month lease with more than 30 days notice. This is not an eviction, you are simply terminating the lease.

Be prepared for them to promise the moon, and to not leave by the end of the notice, which would mean you would have to evict them if you want them to leave.