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Updated almost 9 years ago on . Most recent reply

User Stats

12
Posts
2
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Martin E Kamenar
  • Las Vegas, NV
2
Votes |
12
Posts

Hello, consider me less than a rookie.

Martin E Kamenar
  • Las Vegas, NV
Posted

Hello, I'm Martin. I know nothing about real estate but want to be into REI. I ask a ton of questions and may even ask a few more than once. I hold two day jobs and have one day off, Monday. I currently reside in the Las Vegas area and am looking for people who are currently wholesaling to show me the ropes. I can read book after book and go from one seminar to another but that's all theory. Just like when I was in the Military, we'd go through school to learn how to repair a jet engine or an airframe but when it came to actually doing it, we did not do it like the book said for many reasons, one of which, IT DON'T WORK THAT WAY.

So if anyone is in my area and willing to talk to me about REI like I was 6, (lol), then contact me. That is if you are willing to spend the time. Maybe we could work together on something and I'd take a small cut so I can earn while I learn.

Most Popular Reply

User Stats

395
Posts
257
Votes
Omar Merced
  • Real Estate Investor
  • Las Vegas, NV
257
Votes |
395
Posts
Omar Merced
  • Real Estate Investor
  • Las Vegas, NV
Replied

Welcome to BP. No worries we all have a first day. It's not always what you know but who you know. I would recommend to start with going to all the REIA meetings there are here. IF you have bought those courses and seminars you probably need to start doing what they instructed. Just do. You are going to make some mistakes and that's ok. In REI your time is not necessarily worth the same as the a more seasoned individual and right now you are asking with little value add. In the beginning unless you are a superstore the paydays are far and few in between but as you learn more you will make more and more. There are different ways of getting started but it might look like this.

Birddog. Find the properties and pass it to a wholesale. Usually there is a marketing fee.

Project Manager. This one is almost never mentioned here but as a project manager you would oversee the rehabs and other miscellaneous projects that the REI mentor has for you.

Wholesaler. This is where most of the people want to start but it's not as easy as most people think or make it sound. There is a lot of work that goes into finding the right deals.

Fix and Flipper. This is where the rubber hits the road. Forget what you saw on TV flipping ain't easy. It's not rocket science but it does require some smarts to make it come in on tim end on budget.

Buy and Hold. These are the long term investors. They are looking for a certain return. This could include multifamily (my favorite).

And then you have everything in between. The point is that yes there is a lot to learn but the more you learn the more valuable you are to your team. If you bring deals they will show you what they know and get you more and more involved moving you up until you are ready to venture out there in the real world all by yourself like a bird. Spread your wings and fly bird, fly

Hope this helps. Hit me up if you have more questions. We can talk about your goals and I'll help as much as I can.

Wishing you success,

Omar 

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