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Updated over 6 years ago on . Most recent reply
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Stuck in the beginning... Looking for advice. Here's my story
I'll try to keep this as short as possible!
My name is Benjamin Shull and I'm in the Rockford, IL market. I'm in the analysis paralysis stage. I've listened to 95% of all podcasts, look up YouTube videos, etc.
My fiance's grandparents are in the real estate investing world. I've been talking to them a lot seeing how they began and go about finding deals. The only problem is they sold their business (her grandpa and dad) and buy houses for cash only. They don't use financing and don't like LLC or management companies. They have a lot of valid and good information but looking for people in my area with current knowledge and help me run numbers, analyze areas, network, etc.
I've been attending meetups in my area and reaching out to a few people in my area to have lunch and I recieved some great tips and knowledge. I really enjoy meeting new people and hearing their success and experience in real estate.
I'll end this now with saying I'm looking to work with someone more hands on. I learn the best by doing; listening to podcasts and audiobooks are great but not the best way that I learn! I'm willing to work for free. I have a full time job getting off around 5pm typically and have free time after that and most weekends to help with anything. Errands, run comps, and were calls, etc. Willing to help with anything. Hope this doesn't break any rules on the forum but I don't want to sit on the sideline watching, I want to start making progress!
SORRY for the long story but wanted to make as much info available to get the best advice.
Thank You everyone for reading and any input!
Benjamin Shull
Most Popular Reply
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I think you should go find a deal. Analyze it and decide if it is good enough to move on if you get a lender figure in the worst case scenarios for what it will cost to get the loan and the loan interest rates then figure with the best case scenario. If it make great money with the best case and it makes no money at worse case then go look for another one. When you find one that doesn't make you fearful then find out what is needed down and make an offer. If it is accepted then find your financing here with people who can help you or through your bank. If you need creative financing or you wish advise there are always people here who will try to help you.
Best wishes.
PS. Rome wasn't built in a day but someone had to start building or there would be no Rome. It is scary to start but in the end you already have people to connect to so JUMP.