One Year after joining the BP as a PRO member

[David Korchak]

Hi BP Community

Today I got my annual BP membership renewal notice and I realized it's been a year since I joined BP and purchased PRO package (I pretty much bought it immediately, maybe a week after). I just wanted to take the time and write a post reflecting on what had happened since I joined BP and what I have achieved. Please don't regard this as bragging, just a milestone for myself to keep track of. 

So, at the time I joined BP I already read the Rich Dad Poor Dad book and was enrolled in the real estate investments training provided by them. I had no properties and only started researching different markets to invest in. The tools provided by BP PRO package are amazing and super helpful in researching markets and properties.

As of today, I have 3 investment properties. One of them I purchased through RtR and I want to thank @Zach Lemaster , @Scott Lundgreen and the RtR team for the enormous help and education through the process. The other two properties I partnered with my brother who took the ProjectX training and was able to find great off market deals through his contacts there. 

The property from RtR was purchased using standard financing with ~25% downpayment, with renovations and property management provided by them, basically a white glove service. I would say a perfect way to start my real estate investments career. We had ups and downs, but RtR was super professional all the way and I would surely recommend starting real estate investments with them. 

The other two properties we bought for cash, off the market and we just completed a cash-out refinance on one of them taking all our money out. The second cash-out refinance is closing, we will have about 16K equity left in the property (including costs of renovations ~10k). 

We have setup our LLC and are ready to continue rolling out.

Overall I am satisfied with the progress I have made in my first year, it is not the fastest growth ever, but I am comfortable with it. 

I will appreciate any feedback or suggestions BP community can provide