My slow burning introduction to real estate investing

[Trevor Hummel]

I first became interested in real estate after a high school friend of mine partnered with some people close to him to flip a house where he turned a large profit, especially for a 20 year old. He told me about the Bigger Pockets podacsts and I've been listening and learning for a few years now. I first pitched a small, family real estate investment group to my uncle who I knew would be interested. After similar discussions with other family and a family friend, we got together to talk about what we wanted. At first, we talked about Airbnbs (especially their profitability at the time) and self-storage units. Now we have a partnership LLC but haven't invested yet. We've toured several properties and I'm always plugging in numbers to analyze (primarily 1-4 family) potential investments. I'm the youngest in the group (by 20+ years) and my inexperience in real estate transactions is combated by my ambition and ability to work with numbers (this is where my job as a credit analyst comes into play). I'm really here to learn from all of you, to be inspired by you, and to hopefully chat with you! I'm eager to hear about your experiences and happy to connect.

To anyone reading this, I'm in dire need of advice for lagging and incommunicative partnerships. What struggles/frustrations have you encountered with partners and how did you overcome them? Did you overcome them or did you seek new partners? I've also been told off-market deals are often the best bet but am clueless about them...