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Updated over 3 years ago on . Most recent reply

User Stats

32
Posts
7
Votes
John Gillum
  • Bristol, TN
7
Votes |
32
Posts

So here's where we're at!

John Gillum
  • Bristol, TN
Posted

Ok so I joined BP about 3 years ago. The first 2 years I was on here was really just me trying to educate myself more about investing in general. About a year ago I decided to just jump in and get started. It was a struggle. I really didn't know what to do to get started or even how I wanted to invest.

I decided my first goal was to discover what forms of investing i want to do. I made a goal, in January, that this year i would complete 1 wholesale, 1 flip, and purchase at least 1 rental. Over the course of the year i started a part time job working for a wholesaler as his acquisitions specialist. Fancy title I know. But it has been a great way for me to learn more about walking properties, inspecting, and negotiating contracts. I also decided to become an agent and am now a realtor with eXp Realty.

The main thing is I met that goal this year. My first and only solo wholesale was pure education. it took 3 months and was a lot of fun. I completed a flip, made good profit and put most of the return into my first rental. I'm now finishing up my second flip and am closing on a duplex on Friday. Now I'm looking ahead to expanding my means and build new goals for next year.

I am still active duty Navy, and I'm still working for the wholesaler. We are working on systems to keep more properties and flip them in house. This is where the new conundrum comes in. We have a lot of resources and contacts. We have worked hard to find good contractors. Our leads keep flowing. We have more properties than we can handle right now. Our main concern is Private money funds. As we are building more of the inhouse flipping side of the company, capital to move these deals is all we seem to be missing.

BP has completely change my life and my outlook. I am grateful for what I have learned through this organization. So when we hit this snag, i knew where to turn. I need help understanding how to attract more private money to our business. If anyone has suggestions for this please respond.

I appreciate any advise you have.

Thank you all!

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