Hello from NOLA--Newbie looking to learn

[Amanda Jewell]

Hello BP Family!!!

Long time listener, first time writer! My name is Amanda and I'm from New Orleans. After being laid off due to COVID, starting a new career outside of the Event Industry, I am now furloughed, again due to COVID. This seemed like the perfect time to make my "one day" plan, a NOW plan. 

I've spent the last few months educating myself and am now in the process of getting my RE license, to analyze deals, hope to find MLS deals for myself and side hustle.

Excited to be here, excited to learn and excited to help! I don't have experience yet in real estate but I've been in Marketing and sales for over a decade and always happy to lend a hand!

[Matt Godwin]

Hi @Amanda Jewell! Welcome to BP! I'm in a similar situation as you. Long time listener (joined BP in 2019) and have been doing a lot of reading and watching. I'm also in the New Orleans area and have started looking at properties and have my financing all lined up. So I'm looking to pull the trigger soon. Just gotta find the right property. 

Have you thought about a strategy you want to use? FWIW, my plan is to combine live-in-flip with BRRRR. Basically, buy a property that needs some work but is still habitable, live in the property while I do as much of the work as I can myself and hire out what I can't, refinance to pull out the capital I've put in (or HELOC to utilize the equity), acquire and move into a new property using the capital/equity from the first, and rent the rehabbed property for cash flow.