All Forum Posts by: Bill Goodland

@Javontai Shamburger listen to every BP podcast, read most of the common books you hear mentioned frequently and then reassess if you think spending money on a 3 day seminar is worth it

@Justin Hayden I would recommend specifically looking for a side by side duplex. Small multis cash flow better, but depending on your market are also in rougher areas and have tougher tenants. Single families work for some, but in my opinion they don't cash flow well enough to be worth it unless you've pulled all of your cash out in a BRRRR deal and have a lot of equity built prior to renting. For a strict buy and hold investment, I like side by side duplexes because they have the feel of single family from renters in the sense that they might have their own portion of driveway and yard, but you get more overall rent for one piece of property not to mention the potential to subdivide each side into two twin units should you want to sell one or both off, or even refi separately as both combined twin values may be greater than the duplex alone.

@Andrew Schulz go work for a contractor. Learn rehabbing skills. Eventually get your own jobs, your own crew, and use the money from that to buy real estate where you’ll have a huge advantage with knowing rehab costs and connections to get quality work done for a bargain

@Ola Dantis I think older entrepreneurs had time to gain more skills, savings and most importantly connections to what relates to them going out on their own to start a business. They have a bigger why then young people that do it because they think it’s cool. Once you’ve been in a cubicle hating your life for years, I think you’re more likely to take the bumps and bruises in business as just part of it and keep moving forward. Not to say a young person can’t do it, but having more experience and a clearer vision can really strengthen your why

@Tab Teehee congrats man that’s awesome! Care to share any numbers on the deal? What you paid? Put in? And current rents and value?

@Jane S. Sounds like a problem tenant waiting to happen. I’d pass

Sorry if I hurt your feelings man. If your goal is to have a good job, obviously I'm not trying to discount the value of a degree from an employers perspective. But if his goal is to clearly work for himself in real estate, I think he'll be hard pressed to find a business degree that will provide enough value considering not only the debt, but opportunity cost of starting much later in life than if he tried to get into the business in one way or another. Obviously there are ways to avoid debt, but grants aren't a guarantee and often the best business schools are the ones with the highest price tags making the ROI tricky. There are definitely exceptions to everything I just said and I'm glad you found a lot of value in your business degree, but I've just never come across anyone impressed by a piece of piece of paper prior to a real estate transaction.

@Ron Fletcher what can a business degree teach you that books, podcasts and the internet can’t teach you for free?

@Sarah Brown an associates isn’t really considered a degree anymore than a high school diploma is nowadays unless it’s in something highly specific

@Jaden Adams I say learn a trade, work on job sites for investors, learn from them and start buying property as soon as you can. Get your RE license and go from there. If you wanna work in RE you don’t need a college degree and avoiding debt is a big step in the right direction.