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Updated over 4 years ago on . Most recent reply

User Stats

27
Posts
5
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Niki M.
  • Alpharetta, GA
5
Votes |
27
Posts

I Need encouragement...

Niki M.
  • Alpharetta, GA
Posted

Hey BP Members,

I'm getting really discouraged with this market. I'm relatively new to real estate investing and I have made it my goal to buy at least one turnkey property in 2020.  But this market is brutal and being more conservative and inexperianced, I'm finding it dificult to find a property that will cashflow.  

I guess I'm just looking for some encouraging words or advice to keep at it.

I am determinted to meet my goal this year!!!

Thanks all!

Most Popular Reply

User Stats

540
Posts
285
Votes
Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
285
Votes |
540
Posts
Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
Replied

@Niki M.

Take a year, I know it seems long but trust us real estate and “deals” will still be there albeit anything you’re looking at now won’t. Take a year and 1- listen to a BP Show per day, 2-cut your living expenses as much as you can believe it or not you can find $1,500/month by reducing rent & car & cutting luxury expanses and in a year you will have $18,000 - this will suck but it’s an investment!! 3-Network! On BP forums, meetups, REIAs, coffees, find your local experienced operators/NOT paid gurus and see if you can help them find deals, drive for dollars, analyze deals, line up contractors - it’s your unpaid internship to soak up as much experience as you can handle - - best of luck!!

PS fill out your profile and add a professional pic

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