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Updated over 7 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Voghens Larrieux
  • New to Real Estate
  • DFW TX area
2
Votes |
11
Posts

Young MBA graduate that is eager to learn.

Voghens Larrieux
  • New to Real Estate
  • DFW TX area
Posted
Hello everyone ever since I was young I always felt fascinated by real estate and now entering the real world and looking at job application processes, I realized that my true passion is investing in real estate. I have a lot of question!? Please if you can help me. 1. Best book to read starting out 2. I want to take action steps how do I begin? 3.anyone in the Myrtle beach SC area ? 4.best way to utilize BP.

Most Popular Reply

User Stats

584
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812
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Jonathan R.
  • Investor
  • Wichita, KS
812
Votes |
584
Posts
Jonathan R.
  • Investor
  • Wichita, KS
Replied

@Voghens Larrieux welcome to BP. I finished my MBA in May and have since jumped into my first buy and hold deal. It went well. You must read Rich Dad Poor Dad if you haven't yet. I also read the Richest Man in Babylon and am about to start The Secrets of the Millionaire Mind. The MBA really helped me by instilling confidence to trust what I thought were great numbers and ultimately pull the trigger. I didn't think long, I offered within two hours of seeing the property. After all, student loans were pilling up and it was time to take a stand. Once the property was purchased I figured out how to get it rehabbed. I would talk with someone you know that knows someone that is on the cheaper end but does good work just before you start looking. It was a ton of fun and I'm ready to do another one as soon as possible. I bought my first property from a wholesaler (18k purchase price for a county appraised property of 27k; I spent 14k to rehab the property). I realize that may not be possible in all areas, but these are real numbers. I rented it last month for $675 a month. Utilize BP by watching all the podcasts you can and jump in. Good luck!

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