New from NW/Saint Helens Oregon

[Michael Martin]

Greetings all, 

I have always had a desire to be an entrepreneur, but it always seemed so far away. Then I read Rich Dad, Poor Dad a few months ago (literally the first book I ever read cover to cover. I have never liked reading until now. I can't stop). That is all it took. Totally changed my world. Good and bad as I realized that everything I have is all bad credit and liabilities. What a kick in the gut. That bike that I had to have and love so much lost a lot of its appeal.

Before I read Rich Dad I tried and failed at a few things including day trading stocks. That probably was a good thing as I had no clue about being financially educated. Had I made some money I'm sure I would have imploded my account and ended up getting into trouble with margins.

So having recently bought my first house with a no money down VA loan (Did everything wrong, got a terrible deal. Don't have any equity) I realized I needed to learn. I continued reading investing books and discovered wholesaling. Google then lead me to Youtube. Youtube to Tom Krol and from his channel to BP! Having used a Guru when I day traded I knew there was a better way. That better way is real education.

I have started attending REIA meetings last week. Man did that get me pumped. Meeting people that are doing exactly what I want to do and are successful at it is amazing. Such friendly people that just like to help and meet new investors. It turns all that day dreaming, reading and web surfing into reality. To all other newbies just like me join your REIA. Like NOW!

My immediate goals are to figure out how to get my first flip going. I am thinking I will have to wholesale to get some capital and some reputation first. In reality the thought of getting the good deal and selling my position in it just makes me bummed. Why make 5k on an assignment when I could flip the deal for 3 or 4 times that?

So I am hoping that I can use a local private lender for a first time deal. I will bring a solid education, REIA rapport, good target area evaluation, accurate ARV, rent estimate and repair costs and using BP's badass calculators to print professional reports (with my own logo and pro membership).

If not, I will wholesale some deals and get some street cred and approach them again. I will just focus on my marketing for deals. I don't even care about a buyers list atm. I know if I hit up my REIA members with a great deal they will pick it up fast and give me a few bucks for finding it.

Any advice or comments positive or negative are greatly appreciated! 

Thank you all.