All Forum Posts by: Michael Lee

I'm considering buying a Freddie Mac property that needs renovation. Can someone please offer any insight on what I should be offering in relation to the asking price? I've read about the bidding process and the timeframe to receive offers. Simply put, I'm wondering if I can get this house for $50,000 (or even less) when the asking price is $80,000.

For background: The property was auctioned in March of last year and has been on the MLS for about a month and a half.

Hello and welcome! If you can find out what is owed on that property should help and thee time for f the listing. I am 59 years old. I was born and raised in Dallas Texas. I graduated from college and got my broker license in 1980. I have been involved in the construction business since I 7. I found BP about 3 months ago and still learning. If you think about can help you in any way please do not hesitate to contact me. Check out the market and what it will probably support and check out the neighborhood. Good luck!

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Originally posted by @Mike Keller:

I do real estate part time. Owned some houses in Ohio, Phoenix and San Diego. i do more buy and hold and some flips.

Hello and welcome! I am 59 years old and was born and raised in Dallas Texas. I graduated from college and got a broker license in 1980. I chose to get back in construction because I wasn't confident to get into real estate. I have been in the construction business sine I was 17. If you think l can help you in any way lease contact me. I found BP about 3 months ago and I am still learning. Good luck!

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Originally posted by @Andre Cano:

Would it be worth it for a new investor to get his real estate license for a foot in the door?

Hello and welcome! Getting a license will help you learn and get you ready. You really do not have to get your foot in the "door". I am 59 years old and born and raised in Dallas Texas. I graduated from college and got a broker license in 1980. I have been in the construction business since I was17. I found BP about 3 months ago and still earning. Good luck!

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Originally posted by @Andre Cano:

Wife and I just moved to the Monterrey Peninsula. How the heck am I supposed to start my dream of real estate investing, in a market so saturated and expensive!?

Hello and welcome to you both! It's really all about learning. Even if your market seams crowded learning will help you. I am 59 years old and I was born and raised in Dallas Texas. I graduated from college and got my broker license in 1980.. I have been in the construction business since I was 17. If you think I can help you two in any way please contact me at any time. I found BP about 3 months ago ago and I am still learning. Good luck!

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Originally posted by @Andre Cano:

Looking to begin my journey into seriously learning about real estate investing. I've been listening to the podcast for about 5 months now, and feel like I've fallen into the pool of people who never get started. My wife and I are int the process of getting financing for our first home, and looking to make it an investment property. But oh, where to start!?!?

Hello and welcome to the both of you! First of all you have to learn enough before you get started. I would either do whole selling or get into renting a house or small MF with Owner financing. That way you can start without having much money. I am 59 years old and from Dallas Texas. I graduated from college and got a broker license in 1980. I have been in the construction business since I was 17. I found BP about 3 months ago and still learning. Good luck!

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Originally posted by @Hassan Bukhari:

Hi !

I'm 21 years old and new here to BiggerPockets and also new to Real Estate Investing. I want to use Real Estate as an avenue in building wealth ! I know its not always easy or get rich quick scheme. I have one question, I really do dream of one day being on of the top 1% Real Estate Investors in the country. I only see myself there if I outwork everyone and if I am constantly surrounded by people in the same field. I know that often hours put in helps those chances. But I have a 9-5 that wastes so much of my time. I want to start either entry level or any position that can surround me with Real Estate Investors and/or like minded people. What would be a 'Real Estate Job' that I could apply for ? I know people sometimes work as Real Estate Agents, but I have heard that Agents often never invest and have very little investing knowledge. In your opinion, what 9-5 can I have to help achieve my goals ?

Thanks in advance !

Hello and welcome. It will probably help you to have I license but I would try to be a real estate investor assistant. That will let you earn and learn while you are there. I am 59 years old and am from Dallas Texas. And was raised there. I am a college graduate and I got a broker license in 1980. I have been in the construction business since I was 17. If you think I could help you please contact me at any time. Good luck!

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Originally posted by @Michael Lee:

Originally posted by @Diane Klaas:

We can certainly get a group of us in Collin County together and we would gladly do that. We have several options for locations but we would like a survey of days and times that the majority of people could attend. We have a location off Preston and Parker, one off 75 and spring creek and I can check on others.

First though I need a count of truly interested and times etc.

Hello and welcome! I am 59 years old and live in Coppell. Your try will probably won't quite get me but I will have to see where you end up with. I wrote you because I want to offer myself to you. I graduated from college next got my broker license in 1980. I have been in the construction business since I was 17. If you think I can be of any help to you please contact me at any time. Good luck!r

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Originally posted by @Diane Klaas:

First though I need a count of truly interested and times etc.

Hello and welcome! I am 9 years old and live in Coppell. Your try will probably won't quite get me but I will have to see where you end up with. Ci wrote you because I want to offer myself to you. I graduated from college next got my broker license in 1980. I have been in the construction business since I was 17. If you think I can be of any help to you please contact me at any time. Good luck!r

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Originally posted by @Sandra Strong:

I have always been interested in real estate and bringing in positive cash flow for my family. I have friends who flip in Hawaii on Oahu and Maui and on the Big Island, and also found your website through youtube while I was watching Lisa Phillips VLOG. She has a lot of good tips and getting into your Ultimate Beginners Guide to Real Estate Investing. Our financial advisor had suggested to start investing in four-plex complexes. So our question is how do we go about doing so?

Hello and welcome! The first thing you should is work the numbers to make sure you are getting what you think. I am 59 years old and have been in the construction business since I was 17. I graduated and got a broker license in 1980. If you think I can be of any help to you please contact me at anytime. I found BP about 3 months ago and I am still learning, Good luck!

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Originally posted by @Robert Prout:

New member in Orlando, FL

Hello and welcome! I am 59 years old and have been in the contruction business since I was 17. I graduated from college and got my broker license in 1980.. If you think I could be any help to you please do not hesitate to contact me. I found BP about 3 months ago and I am still learning. Good luck!

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All Forum Posts by: Michael Lee

Michael Lee has started 9 posts and replied 2335 times.

Post: Freddie Mac Property: What should I offer? Needs Renovoation Too

Post: Ohio investor

Post: Is it even worth it?

Post: Looks like I shot myself in the foot!

Post: Why does investing seem so scary and overwhelming?!

Post: Real Estate Investing Job?

Post: Meet Up group in Collin County for BP - Interested?

Post: Meet Up group in Collin County for BP - Interested?

Post: New member from Hawaii

Post: New Member