All Forum Posts by: Tom Kairys

Thanks to all your comments and suggestions! @Gary Harris this guys name is Scott Steffek. He is on BP but not a pro member. Any suggestions how to vet him out besides REIA?

It sound like he is real. I am filling out his quiz/ questioner so he can assess my situation and my needs. Should be meeting with him in couple days. I don't mind paying the guy for the help, except I don't want to overpay as well (like most of us :)).

Hello BP,

I am a newbie in REI and I live in Chicagoland. Just recently signed up with BP. So far it's been great! Trying to study hard and read forums as much as I can. I decided to start my REI career with fix & flip properties since it would build my account faster than buy and hold. After some flipping I will be looking to get into buy and hold single, duplexes, triplexes, quads and maybe do an occasional flip. Having said that, I need help in finding those flip properties and figuring out how the deals are done from start to finish. So, I came across the posts from other new members looking for help. This one investor offered to help us. So, I emailed him. He says that he will teach me everything how to find properties, negotiate, structure the deals, exit, etc. from start to finish. He wants 50/50 split after the closing on fix & flip property and $5k for buy and hold property. The whole fix & flip deal would be financed by my money and it's around $80k. Just trying to get an opinion from you guys, experienced investors, if those type of mentoring deals common and I won't get burned? Want to get into action as soon as possible, however, that's all the hard earned money I have and don't want to loose it all on my first deal. Any advice would be greatly appreciated!

Hi Scott,

I am kind of in the same boat as Kenisha and Nathaniel. I live in Naperville, ILL and been in construction business for 16 years. Two years ago, I've decided that smthg have to change in order to get the financial freedom. Got really interested in real estate investment. Read a lot of books, attended rich dad's seminars, and finally signed up as the pro member at BP. Currently studying their educational material and reading forums. Still trying to figure out my first step. I like the idea in investing for passive income or I can also do flips since I do construction and have a lot of contacts. Please advise, any help would be appreciated, and I am willing to help you out with my flooring expertise. Waiting to hear from you, thanks

Hi,

I am new in this field. However, I been in construction, sub-contractor, in particular, flooring and remodeling for 16 years. Looking to transition from physical labor and earned income to more of the passive income. Love Real Estate and the potential it has to offer. Just came out of the Rich Dad's/ Legacy Education 3-day seminar where they tried to sell me really expensive packages. I didn't buy into it. However, they talked about Asset Protection and how we have to buy real estate on the LLC rather than on your own name. Just wondering if anybody can help with the advice of whether I would first have to set up the LLCs or just start out by buying on my own name? Also, which route is best to take to start out in real estate investing if I have $70,000 of my own money and credit score is 705. Any guidance would be appreciated.