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All Forum Posts by: Marwin Balibrea

Marwin Balibrea has started 7 posts and replied 25 times.

Post: How to (or should I) form partnerships with family members?

Marwin BalibreaPosted
  • Real Estate Agent
  • Fairfield, CA
  • Posts 26
  • Votes 5

Firstly, I want to share that my family recently inherited a house in San Francisco that we are renovating of which my father is leading the project. This event acted as the impetus of my new-found enthusiasm for real estate. I am currently taking a home study real estate course for getting my salesperson license for future projects. 

I want real estate to become the 'path' to success. However, my father and brother, who I wish to partner with, are a bit close-minded and do not respect the intricacies of business. For example, they would rather rely on 'street smarts' or doing '$10 an hour' tasks in a rehab instead of hiring it out. They have no respect for business plans and following tried-and-true theories and systems. They are basically short-term thinkers.

I would love for my family to get into the business, but if they remain as they are now it seems like they would become more of a hindrance than an asset. So therein lies my dilemma. How do I influence them to adopt the business mindset? Or should I just go about the business solo and maybe just utilize them as assistants or act as project managers? What would you do?

P.S. I have not presented my business plan to them, at the moment, as it is incomplete and I am still learning. I am hoping this will instill the entrepreneur spirit in them.

Post: Flipping Success

Marwin BalibreaPosted
  • Real Estate Agent
  • Fairfield, CA
  • Posts 26
  • Votes 5

**duplicate post**

Post: Flipping Success

Marwin BalibreaPosted
  • Real Estate Agent
  • Fairfield, CA
  • Posts 26
  • Votes 5

@Lee Schram 

Awesome job Lee. Congratulations! Great first flip. How long did the project take? 

Post: Greetings all - newbie from northern California

Marwin BalibreaPosted
  • Real Estate Agent
  • Fairfield, CA
  • Posts 26
  • Votes 5

@Andrew Davis (What's the command for mentioning people? Lol)

Thanks for the links Andrew. Checked out your profile. I hope you don't mind if I pester you in the future to ask for some guidance. :-)

@Paul Timminsundefined

Thank you for the book suggestions Paul. Those books will definitely be next in line. 

Post: Greetings all - newbie from northern California

Marwin BalibreaPosted
  • Real Estate Agent
  • Fairfield, CA
  • Posts 26
  • Votes 5

Hello all, 

My name is Marwin and I hail from California. I'm a complete beginner and stumbled upon biggerpockets while sifting through (I shamefully admit) paid mentors. 

As for my experience, I do not have much to show for. I have already consumed some of the great educational material on this site as well as several books suggested in the podcasts in the past week. I still have mountains more of material to absorb. 

With that said, my goal at the moment is to increase my level of experience by offering my (albeit limited) services to REI. A more specific goal I have is to attend RE courses and become a licensed agent to be able to utilize its strong advantages later on in this career.

My later goals would be to purchase one property (or two) by the end of this year to either flip or as a rental. End game goals would be to establish a company and completely automate the business. 

Thank you for your time and I am very glad to be part of this community.