All Forum Posts by: Muller Dessie

Hi Nocholas Gray

I want to tell you follow your gut. If you get what you are passionate about, you will be unstoppable. You will be extremely successful. For now, you can work as an agent and substitute your income. Being an agent will give you a good experience and understand the industry. While you are doing that, try to do at least one flip a year. That is the least you can do. You might even try to do 2 a year then more. If you don't have any one to partner with you in the deal, use other people's money. Use private money lenders and rehab and refinance. Do BRRRR strategy from bigger pockets.

I have learned in life in disruption. If you are willing to learn something new and grow, you can still do it. I had a PhD and MBA and have been teaching in universities. That didn't give me the kind of financial freedom I was dreaming. I became an agent. In my second year as an agent I made close to 6 figures GCI. Then I doubled it in the year after. I purchased my first investment property as well. You can do it.

I suggest considering CCIM route as well. Since you have a good number back ground you can easily differentiate yourself from the crowd. I started taking CCIM courses while I am working as an agent. Meet new people, network, read books. You will be what you want to be. This is not a mere motivation. Find purpose and get your why and take action. Quit what you don't like doing and be on the street and have time to think.

Wish you the best

Muller from MD

I appreciate your suggestion Steve

I have to research more about the concept of maintaining the tax free gain under the 3 year mark.

Hey Marta

Good to see you are in real estate.Am also in real estate but in DC and surrounding states.I do all kind of real estate.

There was some one I know in that area. I will check if that person is still active in RE investing and let you know.

Let us do it 

Keep in touch

I have a house in good neighborhood. I can sell it or rent it easily.Is it better to sell it or rent it.The house appreciated about 70k in 4 years and about 30k principal reduction which a total of 100k..If I rent it I can make $700 monthly above mortgage.I purchased another primary residence and am moving in two weeks.I want to make the best decision.

Thank you for your input.

May be that is the better way.I was thinking we can modify and use the lease forms bigger pockets has for each state.

You might have heard using other peoples properties to lease and list for airbnb.I am signing my first  lease with a property owner and start airbnb in two weeks.Is there any thing i have to know?Does any one have sample lease forms that mentions clearly that the lease is strictly for airbnb?

I appreciate your help

Thank you Ibrahim.

How do i know the status of the house and who owns it?

Mike

Appreciate your input.But is there any way i can buy it before it is up for sale ?I dont know whom and how to contact?

Thank you

 I heard from biggerpockets and other speakers that vacant houses are good to target for a better return.Someone in my neighbourhood,MD,left their house and it is vacant now.The people living next door told me they might have left for good for financial reasons.I realy want to buy the house.What are the possibilities and what can i do?

Appreciate your feedback.