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Updated almost 9 years ago on . Most recent reply

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Bert Wright
  • Riverside, CA
1
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2
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Greetings! I'm a newbie. :)

Bert Wright
  • Riverside, CA
Posted

Hello BP community! I'm excited to join this platform. I'm completely new to RE investing...I'm an infant when it comes to this arena...lol!

I've spent the last five years as a life insurance agent and I'm still currently working in this field. I enjoy helping people, but I'm looking to make a transition to a different field. I appreciate any help and insights you can provide.

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Michael Lee
  • Investor
  • Coppell, TX
646
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2,478
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Michael Lee
  • Investor
  • Coppell, TX
Replied

Hello and welcome to BP!  Education is the key to real estate investing and to minimizing your mistakes.  Know your selected market (s)well and know it's best locations.  Always do the analysis numbers and try to look at the property before you make an offer or at least have a clause in the sales contract that will allow you some time to look at the property and possibly back out of the deal without a penalty or a little one.  Early on Find/Get a Team locally and experienced that is willing to help you when you need them.  As soon as you closed get an insurance policy that will protect you in case of a loss.

In the beginning select your Team members.  The typical main Team members are Attornies, real estate Agents, CPA's (or accountants) , Inspectors, and General Contractors.  Always change the exterior door locks right after you close.  If the locks you took off are still in good shape just install them at another address.

I am 59 years old and I found BP about 8 months ago and I am still trying to decide what to do to make a living.  I also went to college, not that it is mandatory, and I got a business degree that emphasized real estate.  Since I was Texas and planned on staying there I found out that I was qualified to take the broker license test so I got a license.  I kept that license for about 30 years and I closed a few deals for other people.  Regardless of what I had I felt more comfortable in the construction business.  I have been in the construction business since I was 17 including those college years.  My father has Beene N really estate sales for about 40 years and he has taught me a little bit.  If you think that I can hep you please contact me through BP at any time.  Good luck!

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