Mentors/Courses and Networking

[Justin Dalton]

With so many get rich quick real estate courses/mentors. Who can you trust?

I have a background in GC work as well as hands on flipping homes. But the investment side is a different ball game.

Listening to many audio books,as well as asking many questions and although I know it's a learning process. I would love to find or know who to work with/listen too while going through the process.

My question is what are some good courses/investments I can make in myself to set me up for success in this field?

How to navigate around the fakes to find the facts?

Thanks in advance 

[JooYung Choi]

Having GC experience is huge and you are already a leg up on other investors. Since you have already flipped homes, I am assuming you are looking to buy and hold. Approach it as you would a flip, but rather than selling the home at the end, refinance it into 30 year fixed DSCR loan. Banks will lend you up to 75% of ARV as a mortgage.

Of course to refinance, the rents of that area need to be strong. You wouldn't want to keep a property if they weren't! If people are choosing to pay a lot of money to rent there, it's safe to assume the home is worth owning for the long haul. Places that are expensive now, will only be more expensive 10 years from now. If you are cash flowing until you can really feel the effects of appreciation, you have found yourself a property worth holding.

I know I pretty much talked about BRRRRing. But this concept has been around for a lot longer than the term BRRRR was around. You don't need any fancy courses to teach you this. I promise you will learn the most by doing and you are already doing the hard part aka the renovation. it's just a matter of finding the property worth keeping at the end of it.