All Forum Posts by: Robin Simon

Hello bigger pockets community! Long time podcast listener and I think I made this account ages ago but this is my first post! I am 23 years old in the state of Arizona. I have build, scaled, and successfully exited two marketing agencies and I am looking to build my third. I am here to make connections with agents, realtors, brokers, and etc. Anyone who loves real estate! I am an aspiring investor but am also working on the third marketing agency to bring as much value to the community as possible. If anyone would like to connect and chat more about what you do and what I do please reach out and I look forward to being apart of an amazing community. 

Excited to be on BP. Just watched the newbie webinar. It's pretty motivating. 

Hello, my name is Nate -

I'm a motion designer and video producer based in Austin, Texas, but I'm about to move to Colorado.  I have a great career in tech (which is completely remote) and recently have had a serious interest in real estate investing. At the moment, I'm reading a lot of books and listening to podcasts to educate myself. I am fortunate to have some money to begin with, excellent credit, and a well-paying remote job. My goal is to have at least three to four buy-and-hold rentals producing cash flow by the end of 2023. It's also important to note that my wife is on board. I'm diving in and hopefully will be looking for my first deal soon.

It's great to meet everyone and discover this community.

Shopping around for the best deal makes sense but how do you do it w/o dinging your credit? It seems like they don’t want to talk to you until they can pull your credit report. 

@Kim Musgrave when you say that you've "closed" on 4, do you mean that you've bought 4, or that you've flipped and sold 4?  How are your numbers looking in light of the fact that prices are stagnant or falling in most markets?  ...as has been discussed at length on the forums, right now is an extremely difficult and risky time to be flipping...

In your first post, you mentioned wanting a course, or coaching, or a "manager to over see the houses" --those are three different things. In general, a lot of the info you need is out there for free (or for a few bucks--the cost of a book)--because of that, I'm always skeptical of high-priced courses. Coaching can be useful, but if a coach is actually highly experienced and good at what they do, they won't come cheap--and again, your money might be better spent elsewhere...  when you say "a manager to over see the houses", I'm not sure if you're referring to a GC to manage the rehabs, a property manager, or something else?...I assume you mean GC--in which case, it's worth reading up on the topic of how find, screen, and manage GCs (this topic has been covered on BP, and there are probably many online articles, youtube videos, etc. on the topic...there are probably also books on the topic).

...maybe getting more specific on what you're looking for could be useful...

Regardless, 25 flips in 1 year would obviously require a lot of experience, a lot of liquid capital, very well-refined systems, and an A+++ team of boots on the ground...plus, extremely conservative underwriting and a very high risk tolerance, given the current market dynamics.

...on the bright side, as the economy slows, labor may become cheaper and more readily available (in fact, I'm already hearing anecdotes that tradespeople are already becoming more available).

Good luck out there!

I just wanted to thank everyone for taking time out of your day to answer my question.  We're going forward with purchasing the house and will close December 15th. This BP community is outstanding.  Thanks again!