All Forum Posts by: Victoria Winters

@Moshay Laren

Hi Moshay,

Reading your post is an absolute delight!  I can hear your enthusiasm from the words on the page. Congratulations on getting your license!  In response to your quest for broker recommendations, I recommend interviewing some independent brokers in addition to the large franchises.  Working with a broker who operates a business that is in concert with your goals will enhance your learning and help to guide you in the direction you want to go.

Because real estate is a socially oriented business, you can easily build your own team designed around your personal business goals.  The best thing about the position you are in currently is the multitude of choices available.  Working from the top down is always preferable to the reverse of that equation.  

Please keep everyone here at BP up to date on your emerging story.  I am fascinated and wish you all the success that you can create. 

@Jose Tamayo Jr

Hi Jose,

It is great news to hear that you are finding investing opportunities!  Real estate investing offers fantastic opportunities for any person to make money in real estate.  Many different strategies for acquiring property can be researched here on BP.  Wholesaling property is one option many people use to acquire capital for purchasing real estate.  Truly it does "take money to make money", but the amount of money is open for discussion.

If money to invest in real estate was not an initial stumbling block, what area of real estate investing would be your target?  Have you made plans to start your investment business? I'd love to hear about interests in real estate investing.  There are always options to do the things you want to do.  

@Marcos FloresWelcome to BP.  It is great to hear that you are a new investor. What have you done so far in you investment business?  BP is a fabulous place to meet investors, learn and to ask questions. What questions do you have so far?

Ultimately, the responsibility is on the investor to know what they are purchasing. If this requires a visit to the property, then visit. 

I have a story to share about a person I worked with recently about a house purchased, sight unseen, located in Detroit.  

The owner contacted me about help with selling the property as a FSBO? The owner required someone to show the house to prospective buyers. The owner did not want to hire a local agent and did not have contacts in Detroit. I sent our photographer to the Detroit property and subsequently sent the photos to the owner. Unfortunately, our photos did not match the photos the new owner had seen prior to the purchase. To make a long story short, the "owner" ended up with a condemned property on their hands.

It definitely is a good idea to hire and pay someone to help with the purchase of property out of an area or state that is unfamiliar to the investor.  There are many reliable and trust worthy agents available in all areas.  Certainly there are times when an agent makes mistakes or is not fully engaged in a project.  This can happen especially when a person  asks an agent to perform a lot of tasks without any reasonable expectation that their efforts will culminate in a sale.  At a minimum, visit the area under consideration and meet with a local expert.  

Welcome @Jerry Thompson.  So glad you are here on Bigger Pockets. This is a wonderful website and I am certain you will meet friendly people and learn all you want to learn about real estate investing.   Have you started your wholesale business yet?  I'd love to hear what you are doing currently.

@Chance Cooper

Hello Chance. What a terrific question!  I can not resist responding to your question. You will absolutely know when to quit your job. When you reach the point that you can sustain your life style by doing the work you love, you will naturally make the choice about what you want to do with a job. If you are enjoying your current job and real estate investing is a casual interest, then you have choices in that scenario. 

One of the best things human beings have going for themselves is the ability to make decisions and to choose what to do next.  No one can make that decision for you and the good news is, no one should.  You get to decide about your business ventures. Please tell us  in what area of real estate investing you are involved. What are you bringing to the investor table?  Whatever it is, we all want to see what you have to offer. 

@Rashard Brooks

Hi Rashard. Great question you asked. When you find a motivated seller, you can always ask the seller how much is owed on the property. Of course there are other ways to obtain the information too.  In what area of real estate investing are you currently involved?  

Welcome to BP Ross!  So nice to read your post. You picked a good time to start in Real estate investing and one of the best sites to meet investors, share and learn. Tell us what you plan to do first. You mentioned a lot of great ideas. What are your current interests I real estate. 

@James Wheelock

As mentioned by the other posters to this post, @Brian Gibbons @Griffin F.@Joshua Chen, the operative word is "Creative".  When you ask questions and are willing to negotiate people will listen. Yes, real estate agents are a tremendous resource to investors. Just remember to keep in mind that your offer to help solve a real estate problem is the primary objective.  Lead with your offer to help and the money will follow you.  So many people get that equation backward.  Hope this helps.

@Julio Soto

The wholesale business is a good one and you can get your first deal by marketing to sellers. You can use different marketing methods to contact sellers, and I recommend direct mail. 

Learn the wholesale business and earn while you learn. Read, ask questions and get the help you need as you proceed. If you enjoy the tasks associated with a wholesale business, so much the better. Please feel free to contact me as well as other investors on BP.