All Forum Posts by: Tom Reynolds

Jeffery,

You are truly a motivated young man and I'm sure if there's a crack in that wall you're going to find it.

Are you waiting for success to arrive, or are you going out to find where it is hiding?

The poet John Milton’s words, “They also serve who only stand and wait,” may be both profound and genuine, but the true riches of life are far more likely to accrue to those who actively go out and seek them. Seldom does success come marching in accompanied by a brass band in full regalia. More often, it’s achieved by those who labor long and hard. Take the initiative, and you will create your own opportunities. There is no substitute for action backed up by a well-thought-out plan.   "Napoleon Hill" 

Hi Chris,

Check this site,  http://reitips.com/ and look under free REI forms.

Leyla,

Luck is for horse racing. With knowledge, persistence, courage and a positive outlook you will achieve your goals. Opportunities are always there for those who see them. Enjoy your training. Look forward to your future.  

Hello Jeffrey,

(REI) covers a broad area and the market(s) only limited by your imagination and abilities. The more you know, the more you do, the more contacts you have, the more tools you have available (that you know how to use), the more accomplished you'll become. We all learn from books, audios, videos and mentors. The best teacher is always practical application, hands on. In general school will train you to learn and will introduce you to specifics. After you graduate and enter your field of choice is when your abilities will develop. Be careful not to get caught up in heading in too many directions at once. Ambition is a great thing but accomplishment is achieved with control.

If you were able to find a contractor who does rehab/alterations/renovation, a property management company, an engineering company that does home inspection, a property maintenance company and there is a place in their organization where you would fit, what you could learn would be beneficial to you as a future real estate investor. The knowledge gained would help to minimize the feeling of being overwhelmed when confronted with properties, situations and people and help you to recognize opportunities when they present themselves.      

Opportunity has a queer way of stalking the person who can recognize it and is ready to embrace it.

It is a curious quirk of human nature that some people can see opportunities, while others only see problems. When you train your mind to seek out opportunities, you will find that every day literally presents you with more opportunities than you can take advantage of. They will be all around you. Instead of your seeking opportunities, they will seek you out. Your biggest problem will be choosing the best ones. The first step in making sure you are ready to recognize opportunities when they occur is to make sure you have a clear understanding of your own core competencies. Realistically assess your strengths and weaknesses as though you were reviewing the credentials of a total stranger. Identify what areas you’re best in and those where you need improvement. Work on your weaknesses and build upon your strengths so that when you recognize opportunities you are prepared to capitalize upon them.  "Napoleon Hill"

look forward to your future

Thank you, Mattew it is a small world and Dmitrity thank you for the advice. I am so impressed with all the help and information available in the (BP) community.

Sounds like a partner approach. Do what works best for your end game. 

Great information. Just goes to show, there really aren't any dumb questions.

 thank you, Tasha Mckoy, Shawn Thom and John Elmenhe

 Hoarders...they're the worst. trash, rot and everything that follows.

Check with your real estate attorney

Jim,

How about rent with a lease option on a (4) yr. contract. Figure a selling price. Take a down payment as "option consideration" and build in monthly money into the rent to be used toward a down payment when it comes due in (4) yrs. Negotiate a max. amount for the renter to be responsible for repairs. They pay utilities. You pay taxes and hold the title till the sale in (4) years, after your X is free to sign documents.