All Forum Posts by: Josue Caliz

Hello BP, as you may or may not know I am a new investor with little experience looking to make my bones this year in real estate investment. I've been reading everything i can get my hands on;

books, forums, Q&A, and listening to several real estate podcasts.

I recently received a scholarship with a local real estate mentor, who I know will propel me to the next level, and help build the foundation I need to be successful. 

I've written out my goal of 10 deals this year and have been sharing it with everyone I know. In doing so I was solicited by my mother in law for advice and help. She owns a multi family property for over 20 years and due to life, she finds herself with her head under water and no longer has interest in being a landlord. I'm currently renting out one of the units.  It is an excellent property with prime location but it is a fixer upper. To the right investor it would be an amazing buy n hold.

I personally am not interested in this as a buy n hold and I currently do not posses the knowledge and resources to fix n flip it. In my research I've found that wholesaling this property would be a viable option in this situation. 

My question is this, being that this acquisition can't simply be business due to the personal relationship I have with the seller, should I feel guilty in capitalizing on her situation even tho I will be helping her stay out of a foreclosure. At this point a short sale is her only option and I don't intend on getting rich on this one deal I am more interested in the experience and it was her who came to me for help. I explained to her my plan and the potential outcome and she seems ok with it but I don't want this deal to be thrown back in my face later in our future.  

What would you do BP?? 

Welcome and best of luck to you. I too am a new investor looking into multi familys but in the greater new haven area. 

Currently I'm looking into either Waterbury or Meriden. I only said the 10% because I want to put that money to use and I know my credit is weak.

Maybe I could do it one and duplicate it. 

Also I'm trying to learn about other land assets like cell phone towers and billboards for cash flow.

I've been joining local meet ups and classes, I am definitely still in the research stage.

Hello BP, as a young investor with little experience these days it seems I only have questions. 

Today my question has to do specifically with short sale.

I have an opportunity to capitalize on an amazing duplex with some necessary renovation in he greater New Haven area. Its a short sale but I don't want to be involved in a fix n flip because I don't want to loose more money due to inexperience. At 24 the only experience I have is what not to do. I have a background in construction and I know how easy it is to under estimate a build. 

I have little credit history and am in the process to getting my credit score up, but I do have a decent amount of investment money for at least 10% down. 

I recently heard of wholesaling but don't know much about it but what I do know, this seems to my best case in this situation. Any suggestions on how I can get started and are there any disadvantages of dealing with a short sale or advantages? 

Hey all I'm a new investor with little experience but I am a New Haven native and I've been traveling the past 7 years. I returned home about 2 years ago and want to get into an investment in the greater new haven area.

What you may, or may not know is that this year, a new section of the highway leading into the downtown area that has been under construction sine I left 7 years ago opened up and has relieved a lot of traffic pressure.  

Also 3 major players are opening up there doors for business this year bringing hundreds of jobs into the city.

Aside from the densely student population New Haven does a good job keeping people employed, and as a Yale employee you receive plenty of housing assistance. 

All in all I too see the prosperity in the future of New Haven, even in lower income family homes.   

The first part of succes is to define it, not through webster or by other peoples definition. True success is internal, no one can take that away from you. 

No matter how old we are, we all need a purpose for waking up in the morning. 

If money is your purpose you will never have enough of it

If success is your purpose you'll always find a higher summit
If Apreciation is your purpose all you have to do is look around you.

Success for me would be To reform the education system in a manner that teaches the youth that the world is beautiful through art. 

The art of music, gives everyone a voice

The art of science, brings the power to heal others and the world we live in

The art of language allows us to share with the world

The culinary arts allow us to feed others without poison

The art of money, brings the financial freedom to enjoy our lives and spend more time with family than in your employment. 

Real estate will be the catalyst and foundation for me to pursue this wayward path. To me real estate investment represents freedom; 

The freedom from the workplace that keeps me away from being a father, Financial freedom to do the things I've always wanted to do as a kid but couldn't, Educational freedom to learn all the things I never was taught in school, Freedom of my time to teach others all the things I've learned and free them from Plato's Cave. 

What is your definition of success??

Hello My fellow BP internets, My name is Jouse but evryone calls me JOE.

I've recently joined the BP Network in order to expand on my "North-Star" brand. I look forward to meeting, learning from, and eventually exchanging knowledge in order to up lift and bring value to this elite and misunderstood industry of real estate investors.

If I had a 2015 year book my quote would be , "If you're the smartest person in the room than you need to find a new room", and I've yet to find a better room than the BP network. I intend to surround myself with like minded and successful entreprenuers (thats you BPN) and hopefully join the cadre as a fellow real estate entreprenuer.   

At this stage in my life I am entering reeducation and unlearning everything the school systems have taught me about being a Cog in the machine (employee) and learning how to build a machine (buisiness). I hope to have at the very minimum 10 closed deals in the Greater New Haven market by the end of 2016 and develop a scaleable system that i can take with me to any market, in order to expand out of my home market by 2017.

I look forward to learn from you all BPN, and hope to add as well. 

Thank you for Having Me, 

Joe C.