All Forum Posts by: Nikolas Hamon

Thank you @Account Closed! The American Dream is real and I want to be living proof of it! I hope my being here allows me to learn more and help others in their search of the American Dream, as well. I hope we can all support each other, connect, and help each other reach even greater heights!

Thank you @Cherie Gatling! I'm very excited to be here and learn as much as I can! I hope we can support each other and help each other reach even greater heights!

Investment Info:

Single-family residence other investment.

Cash invested: $1,000

I spent my savings on a paint sprayer and grew my knowledge on different paints and stains for fences, as well as application methods. In doing so, I eventually began marketing my services and presenting myself via neighborhood social networks. Over the course of two months, I was in contact with my homeowners and individuals interested in my services, most notably those who wished to increase the curb appeal of their property, as they wished to sell it.

What made you interested in investing in this type of deal?

I was in need of a method of financing my living arrangement at the time, and came to the conclusion that I had to find it myself. I identified an issue and taught myself the skills necessary to address it. Being that this was a skill that others lacked, I was able to leverage this and sell my services.

How did you finance this deal?

I financed this project by delivery food and earning tips. The capital was then used to invest in equipment. I also invested my personal time and additional finances to market my skills to others.

How did you add value to the deal?

I found an issue that I was able to resolve. I was also able to offer a price nearly 40% lower than the cheapest local painter in the area.

What was the outcome?

By the end of the summer, I was able to generate a 400% return on my initial investment of $1000, making $4000, and use it to alleviate the financial stress of both myself and my parents.

Lessons learned? Challenges?

I learned that while a lot of people can see the fault in things around us, only a few are willing to step up and solve the issue. In this case, nearly everyone in my neighborhood and in the surrounding neighborhoods would complain about the quality of their fences, but almost none would do anything about it. If you want to see results, don't look at others to find a solution, instead, find it yourself.

Investment Info:

Single-family residence other investment.

Cash invested: $1,000

In my hometown of Austin, Texas, I was in need of a summer job. I identified issues and created solutions to them. For example, I noticed the fences of the local houses had always looked terrible and had been tortured by the Texas summer sun. I saw this problem and saw my solution, as well, being painting. I spent my savings on a paint sprayer and grew my knowledge on different paints and stains for fences, as well as application methods. In doing so, I eventually began marketing my services and presenting myself via neighborhood social networks. Over the course of two months, I was in contact with my homeowners and individuals interested in my services, most notably those who wished to increase the curb appeal of their property, as they wish to sell it. As I neared the end of the summer, I successfully ran and managed my own fence painting business and managed to accumulate a return of nearly 400% on my initial investment of $1,000.

What made you interested in investing in this type of deal?

I was in need of a method of financing my living arrangement at the time, and came to the conclusion that I had to find it myself. I identified an issue and taught myself the skills necessary to address it. Being that this was a skill that others lacked, I was able to leverage this and sell my services.

How did you finance this deal?

I financed this project by delivery food and earning tips. The capital was then used to invest in equipment. I also invested my personal time and additional finances to market my skills to others.

How did you add value to the deal?

I found an issue that I was able to resolve. I was also able to offer a price nearly 40% lower than the cheapest local painter in the area.

What was the outcome?

By the end of the summer, I was able to generate a 400% return on my initial investment of $1000, making $4000, and use it to alleviate the financial stress of both myself and my parents.

Lessons learned? Challenges?

I learned that while a lot of people can see the fault in things around us, only a few are willing to step up and solve the issue. In this case, nearly everyone in my neighborhood and in the surrounding neighborhoods would complain about the quality of their fences, but almost none would do anything about it. If you want to see results, don't look at others to find a solution, instead, find it yourself.

Hello everyone, my name is Nik! I'm new to BiggerPockets and relatively new in my journey in real estate. I'm currently a college student here in Texas studying Mechanical Engineering. Wanting to create a solid foundation for my future, I also became interested in the prospect of investing in real estate. Being a college student, I am particularly accustomed to the process of gathering information through reading.

I have read Rich Dad Poor Dad and have now begun to read others published by BiggerPockets! My fear, however, is that by continuously reading, I will develop "Analysis Paralysis". In an effort to combat this, I registered for an event with my local REIA. When I attend, I want to grow my network and introduce myself to local investors. Furthermore, I want to be able to develop my analysis skills and possibly shadow someone.

My issue is being able to provide something for an investor in return with whom I will be shadowing. I am not able to offer much financial support or knowledge regarding strategy. My goal by shadowing an investor, is to not only learn skills hands-on and grow my network, but determine what investment strategy best suits my financial status. As a college student working part time, I have been able to identify my spending habits and reduce them considerably. I have always been the type to avoid spending money on things that are not necessary. However, being that I am a full-time student during the week and work part-time on the weekends, I want to be able to develop my knowledge on real estate further, aside from only reading. 

I would very much appreciate any feedback! I would love to grow my network and learn more!