All Forum Posts by: Tyler Bond

Hey Jon,

Thanks for the advice sir. To be honest that tank top picture was the ONLY picture on this laptop I had that was of me. Seriously. I did just change it to a picture of the sunset until I get a better one of myself. I should have been more cautious.

I do understand wholesaling will be tough, probably tougher than I still think it will be. However, I will be doing it on the side of my other two jobs. One I get paid 15/hr (Cook at restaurant) and the other 17/hr (Log Cabin restorations) My restaurant shift is typically 4pm-10pm so it does work out for now. However I do not plan to wholesale forever. I do want to eventually prove myself to a track record and move on to fixing and flipping or fixing and holding with OPM. Then taking profits and start to build a rental portfolio. That's what I would truly like to do. I think that generating my reputation through wholesaling will set me up for rehab flipping down the road.

What do you think about this?

Hey everyone,

This is a total noob questions due to lack of research. I figured that asking would sum it up rather quickly though. Im going to start wholesaling to start out on my REI journey. I know that there are assignment contracts that the contract says the buyer is to My name and or assigns. Does that make it so you just get an assignment fee which do you decide that or is it usually around $2000 and negotiable.

Okay, here's what I want to do. I want to find the deals and have a cash buyer who wants it as well. Do i basically just mark up the price to whatever it is i think is fair? Say, 5,000-10,000 above what I went under contract with the seller? I want to stick with simultaneous closes to keep the "Oh you made this much!!!" out of conversation. Sorry if this is just ridiculous. It's just clouding my mind and need to clear it up.

Thanks guys and gals in advance.

Michael, Thank you so much sir.

John, with all due respect, yes school would be a good idea. However what better knowledge is there to get a seasoned and true mentor who is doing what you want to do? I feel as if the school system around here is very broad and not specific to your needs. "Those who can't ,teach. Those who can, do" Look at the teachers in a university. Most of are just that, teachers. They have knowledge but do not organize it to perform any action. Generally speaking. I do not disagree with you. However, for me, personally, I think i have the burning desire and motivation inside to get me where I want to be with or without school. In fact I feel as if school would slow me down and put a damper on action. Around me I have a fairly good relationship with a Realtor, Mobile Home Investor, Landlord, Rehabber, and I am starting a REIA to seek out a wholesaler. That's my plan. I feel as if I can make it work. Rather than taking certain "Requirements" to get a degree. These are just my thoughts and I don't count you out that's just how I feel on the school subject.

Thanks everyone! Now i'm even more motivated. Thanks again.

Thanks David, will do. I am working on learning the terms to the business as well.

By the way, excuse the incorrect topic category. I don't know how to fix that yet. Sorry about that.

Hey all,

My names Tyler and i'm 19 years old and have this extreme passion in success, specifically real estate investing.
I give the book"Richest Man in Babylon" by George Classon some credit to this mindset of mine. I'm currently reading "Think and grow rich" by Napoleon Hill and Rich dad Poor dad is next. I absolutely love BP. I need some words of advice.

I haven't bought any guru courses or attended boot camps because I am aware that 95% of them don't help and further confuse the beginner. My goal is to ultimately own enough single family and commercial properties to have a cash flow that exceeds my bills. My plan right now is to start out wholesaling (I am aware it will not be easy at all, marketing will be a sticky start.) I want to start wholesaling because I think it will expose me to the public, investors, title companies, real estate agent, etc. Then once I get track record to show that I CAN find good deals and my investors have had great success from my deals then I can prove to lenders I am capable to do a full rehab myself. This of course exposes me to bigger profits, especially if I open up and get people working for me and doing more than one rehab at a time. That's just a thought though. Another benefit I see in this is if I do come across an outstanding deal, I can get it without paying wholesale/assignment fees because I, myself found the deal, and take that deal fix and hold it for an awesome rental property with big cash flow. There are so many possibilities in real estate investing. That is why i decided not to go to school anymore and focus on what I want and love instead of working for some other corporation after 4-5 yrs of school and then student debts. The sky is the limit here.

Okay, that's enough rambling on. My advice I need is this, Where I am 19, what can I do to make people take me serious. I can sit home all day a learn learn learn but when do I take action? I feel where I am this young, not to mention I look like i'm 16, I need to know more than the average Joe before I do go out so I can prove myself right off the bat. What do you guys think. If you could, give me a run down of what you wish you would have done if you were my age and starting out. I know its kind of a broad question so anything that is said will be taken in gratefully.

Thanks to everyone and BP for making this possible. I'm really excited I have found myself on this journey to success and glad to be apart of it.

Thank you Kyle.
And that's very good words Ben, I appreciate it.

Wow, this site is amazing. Thanks guys.
Ben Leybovich, just real quick. Whats the strategy called (sort of speak) to have your tenants buy equity for you. I will look deeper into it myself. I just want to know what to look for.

Hey guys, glad i found Bigger Pockets. Looks like a lot of great stuff on here. So i'm 19 and I have a burning desire to succeed in this business. I know i can do it. I really want it. Anyway I tend to want to learn everything before I start doing something so I don't become a deer in the headlights when something arises. However, from research I find its just best to get a good base and get out there and do it! I just bought a house for myself. My plan with that is to paint all of the walls and fix the garage door which is all that needs to be done and occupy it for 6 mo- 1 year and then rent it out for a year and move back with ma and pa. Don't tell anyone. I am doing that because I can and to have someone in there will pay my payment while I focus on building capital and starting out. My Idea is to get educated in wholesaling for starters, I think this will get me into the know and into relations with essential people. I will start building a buyers list and finding the best ways to evaluate deals. (which i'm in the process of learning still so any advice there would be helpful) I think this will set me up to start learning what good deals are and when I have the capital I can buy a good opportunity for myself for a long term rental. I have a couple private lenders in mind to help me if I would like to rehab a deal myself. But i need to establish a track record first. Basically I want to wholesale first, lease option on mobile homes and then move up to rehabbing and building capital and then slowly buying rental properties. Is this a good idea? I still need to detail it out and decide excatly where i want to be in 1,2,3,5 years. When i buy rental should I just save up enough to but down 20-30% and then let the tenants take care of the mortgage (in a perfect world) and then save up another 20-30% from rehabbing and wholesaling and buy another income property. What do you guys think? I'm open for anything.
Thanks for your time,
Tyler