Good afternoon Bigger Pockets!! Just in from Montana

[Amber Corrow-Scott]

Hello all!

Well, it's my first day here with Bigger Pockets and already I see a wealth of information that I did not have before. I have been in Real Estate since 2006 and am a Supervising Broker. I have an assistant that I just put through Broker School( I sure hope she doesn't take all her knowledge and leave!) and two other Realtors under my license. Our office has 21 total Realtors with 3 of us being Supervising Brokers. I have worked with REO properties since my "newbie" days and have created that niche for myself-that is both good and bad-bad because now I am know to be the "best in the industry" for hard-to-sell properties but people don't think of me when they have the "good" and higher dollar properties to buy or sell. BUT, I can't complain; it has allowed me the freedom that I crave for the most part. I did 78 transactions last year with 7.1mil in product. On an average, the properties I sell go for under 100K so that 7.1 mil is the hard way :) If any of you work with REO properties, you know just how paperwork intensive they are and how much time you spend at your desk instead of out selling. I sure wouldn't complain about some high dollar sales!

So, my goals...I would like to get my assistant to the point that I can allow her to continue to run the day to day operation so I can step away and start working on flipping properties. I am confident she can handle it, I am just not so confident about myself on the flips. I know a good investment property when I see one, I understand the rehab portion and am pretty well-versed in the construction side, I can look at a property and pretty much tell you what it will sell for and be pretty spot-on most of the time. My problem is, I just don't know how to go about getting started and how to work the numbers. I hope to be able to get that knowledge here! My husband would like to get into rentals but after doing property management for 12 years and currently owning an 8-plex, I am soooooooo not wanting to go that route if I can avoid it! Yes, residual income is a great perk but the management, in a word, sucks. All it takes is one bad tenant...

So, there is a little piece of my story all wrapped up in a ball with a bow for you fellow investment travelers! I look forward to mingling and learning and maybe even sharing some of my knowledge.

Have a great rest of your day BP!

Amber Corrow-Scott