All Forum Posts by: Peter Vazquez

Hi BP,

I'm new to real estate investment and went to my first meet up last Wednesday and really took away a lot of great practices from the group. While I will continue to attend these meet ups every time one comes up, I was wanting to start a newbie support group in the Omaha area where people new to the investment game can meet up and share resources, discoveries and support each other through the process of getting started without the intimidation of having more seasoned investors there. Also with networking being a important part of real estate investment, this can be a bit of practice for those of us who aren't the most out going and need practice using terminology and just over all talking real estate. I was hoping meeting bi weekly with or monthly with specific topics on the agenda communicated prior to meeting so get the most of our time and forces us to do research. Hopefully if we get a consistent group we can have special guest and so on but most importantly have community with each other and support one another on our journeys and you never know we could eventually start investing together if we start finding success. Send me a message if you are interested and I will put this together if I get enough replies. Thank you

@Collin Schwartz I'm starting to evaluate homes to find deals if I find anything I'll reach out

@Eric Goodman thank you, quit my job thinking I was going to have mentors and people walking me through this but I find myself alone and now that I'm reading it turns out I was better at my job. I started my business and have invested a lot already. Kinda lost at the moment.

@John Corey I was a store manager at a cellphone service provider. They are flippers and remodelers.

Thank you @Geordy Rostad I'll check it out. 

About a little over a year and a half ago I quit my job that was paying me 70k a year because my dad and uncle were flipping houses and running a remodeling business and told me they would show me the ropes. After a year and a half I wasn't really learning much about how to get a house to flip from them and I was getting under paid for the labor I was providing so in April I opened my own remodeling business and I have been working on my own since. Lately I been reading and relying more on books and biggerpockets for education and now I see that there are plenty of ways to get into homes. My problem is that I've been self employed for a year and a half making little under 20k and living off my savings which are steadily going down and don't know if any one would give me a loan to buy a house to flip. I was ok with making a little because I would basically be apprenticing under my uncle and dad but things have not turned out the way I expected and the only thing that is happening is that I'm losing my savings. I have 20k that I can invest and since my business is just starting I'm not really making a bunch of income that I can show a lender I can pay a mortgage. I work hard and am willing to do the work it takes to make real estate investing my profession and that's why I left such a good easy job to get my hands dirty in construction and home remodeling but the more I read the more I hear people say that actually doing the work yourself can be counter productive to being a great investor. I'm confused and in need of advise. Do I get a job with steady income and build more capital so that I look more appealing to lenders or do I start working on my remodeling business till I start turning a profit and use it to help me fix and flip houses.