All Forum Posts by: Sam Wilson

Looking forward to it!  Thanks for organizing!

@Matthew Bailey - Great reasons!  I wrongly assumed land investing was more buy and hold rather than flipping.  Those are some of the same reasons I got out of flipping houses and long(er) term buy and hold rentals and syndications.

And you are definitely taking the right approach by working through the tax implications with your CPA.  Why work extra hard if the tax implications make it so that it would have been better not to do the deal?!  

Please let us know what direction you decided to go in and why.

@Nikita Khambe - I'd suggest contacting your local zoning board (or commission or whatever it is called locally) and asking them because they are the ones who matter.  Usually this is location specific and size restricted.

@James Ohliger - What are your goals?  What are you having trouble doing that you would need a third-party service to help you with?  

@Jacob Bushman, Congrats!!!  What's your long-term plan with the property?

@Clint Bolton - didn't know if any of your developers might be interested.

@Blake Dailey and @Donna Hampton -  Thank you!  We (my wife and I) are excited to come chat real estate with y'all.  Always fun to be able to incorporate beach and investment time!  See you in a few weeks!

@Ross Francis - Yipee! Welcome to the big, wide world of REI!

Super curious if your BRRRR is in LA or elsewhere? I don't hear much about that type of investment in urban CA areas.

Next up, current favorite business book?  and all-time favorite?

I am constantly listening to business related audiobooks and looking to add to the library. 

This was the house.  I should have kept it.  Worth twice as much as what I sold it for!

The day before I purchased my first investment I had no intention of ever becoming a real estate investor...

Facebook notified me this morning that it was 8 years ago today I began my real estate investment journey with this foreclosure at auction in Tennessee (that I didn't even know about until 2 hours before the auction)

As I wrote in my BP blog post (https://www.biggerpockets.com/...), I knew absolutely nothing about real estate or investing or foreclosures, but there I was purchasing this foreclosure and thus starting my investing journey.  And luckily it was a successful start and one that completely changed my career trajectory.

I know many of you will agree with me that your careers and investment journeys were not a clear or straight path, but a series of trying and learning and investing and then seeing   where it all will take you.  

I write all of this as an encouragement to everyone who is wondering "when/how do I begin my REI journey": just start. Even if it is starting small as a passive investor who is wanting to learn, just start. Books and podcasts are great ways to learn from others, but that is not investing and you will learn so much more by doing.

Anyone else have similar start to their investment journey?!  I'm sure it would be an encouragement to others as well!