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Updated about 10 years ago on . Most recent reply

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Corey Edmonds
  • Charlotte, NC
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North Carolina newbie!

Corey Edmonds
  • Charlotte, NC
Posted

Hello all!  My name is Corey Edmonds, native of North Carolina and you can mark today as my official first day in real estate investing.  Having owned and sold only one home (former primary residence) I am in the process of studying every piece of material and reading every word of literature pertaining to this field as I gear up to make 2015 an amazing year.  As it stands now I plan on purchasing at least two properties this upcoming year, to renovate and place tenants.  I thank you all for the knowledge, experience and expertise and I look forward to growing with/through BP! 

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Elizabeth Colegrove
  • Hanford, CA
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Elizabeth Colegrove
  • Hanford, CA
Replied

Welcome to Biggerpockets!!!

Good Luck on your two houses this year! We also go started through personal properties. We are buy and hold investors in single class A real estate, which allows us to invest while working full time! We buy foreclosures and short sales. We put as little down as possible. We get forced equity through fixing cheap fixes that turn people off (bad wall color etc) and going through the short sale process (5-15% cheaper)!

Look forward to hearing about your successes! Don't let analysis paralysis get you! Bought our first houses 3 yeas and we now have 5 houses with another 5 houses in the plan for the next 18 months. Our first houses wasn't as great as our second deal and so forth. The key has just been to baby steps. One deal at a time! 

We have learned to adapted. Where we thought we would be 3 years ago is not where we are today. The only thing we haven't changed has been our end goal to retire off the cash flow in 15 years.  

Don't forget to check out the blogs and podcasts. Participating in the forum is a great way to network, learn and give back. Another GREAT resource is everyone's signature. MANY of us, including myself have put together a blog/website about our niche, strategy and business model. Think of them as "free" books. These are GREAT free resources too!

Look forward to seeing you around! Please feel free to pm me if I can help! 

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