The New Guy from Fort Wayne, Indiana

The New Guy from Fort Wayne, Indiana

Fort Wayne, IN · Member since 2017 · 17 posts · 4 votes

Hello! I'm James Yoder, 27, a Sales Manager for a Cadillac dealership in the Hoosier state! My cousin and I were brainstorming some things the other day and he mentioned the "cash flow quadrant" which I was like huhhh. So, of course after that I picked up Rich Dad Poor Dad and my imagination, thoughts, drive took off from there. My heart and mind have been racing since! 

I've read The Ultimate Guide for Beginners to Real Estate Investing(long title), Building Wealth One House at a Time, and someone just got me started on Multiple Streams of Income. Every day I'm spending 1-2 hours learning REI through reading, listening, watching, and it's became an addiction. Like to the point where there isn't any fear anymore because you know this is your calling. This is it and you won't fail.

No Investing experience but I have bought two new homes in the past four years. Lived in the first one a few years, market value went up 3% on average a year so sold that then took the equity and purchased our current home. 

Goals, well I have many but my first one at hand is to acquire my first property by September this year. Then step down from my managers position in 2019 so I can invest more time and focus on making REI my full time business. I'll have twenty buy n holds by then and have flipped five properties. Those currently are my short and mid term goals. Long term would be to enter multiple markets after five years, play in an online space, then turn my REI business over to my son in my early 40's then passively invest in other REI investors and businesses.

Mobile homes, multi family, and single family have my attention at the moment. Just trying to funnel that down to one to start with.

I'm a little stuck at the moment. I don't have much capital to play with, so once I have this business plan finished(this week) I will be trying to connect with friends, family, accuantences, and others to find private lending. I have no experience so it will be difficult but I'm aggressive, driven, creative, and a quick learner so with enough effort I'll find the "how".

So, that's where I have been, where I am, and where I'm going. Super pumped to be part of this community!

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Dave VisayaPro Member
Moderator
Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
9y

Hello @James Yoder, welcome to the site! It's great to have you here. Feel free to ask any questions in the forums. Seeya around!

BiggerPockets
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  • Investor · Collinston, UT · Member since 2015 · 53 posts · 28 votes
    9y

    Looking for a guy on the ground in Fort Wayne and Columbia City.. I will ping ya when I come out.. 

  • Investor · Fort Wayne, IN · Member since 2016 · 108 posts · 24 votes
    9y
    James. Glad to hear your on your way. I am somewhat new as well to buy and hold but have quickly jumped in. I would recommend you start networking and learning as much as you can. Bigger pockets is great. I would also recommend attend the Reia meeting every 3rd Saturday of the month in Fort Wayne. Each meeting has a different topic and there is a wealth of experience and knowledge there. You can use my name if you like to attend the first meeting free.
  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    9y

    Hello @James Yoder, welcome to the site! It's great to have you here. Feel free to ask any questions in the forums. Seeya around!

    BiggerPockets
  • Fort Wayne, IN · Member since 2017 · 17 posts · 4 votes
    9y
    Originally posted by @Mark Christensen:

    Looking for a guy on the ground in Fort Wayne and Columbia City.. I will ping ya when I come out.. 

     Mark, sounds good! You said your in town about four times a year. What do you have going on here?

  • Fort Wayne, IN · Member since 2017 · 17 posts · 4 votes
    9y
    Originally posted by @Adam Beckstetdt:

    James. Glad to hear your on your way. I am somewhat new as well to buy and hold but have quickly jumped in. I would recommend you start networking and learning as much as you can. Bigger pockets is great. I would also recommend attend the Reia meeting every 3rd Saturday of the month in Fort Wayne. Each meeting has a different topic and there is a wealth of experience and knowledge there. You can use my name if you like to attend the first meeting free.

    Adam! Actually I was at the local REIA last month for the first time. I think you were sitting in at the table in front of me against the wall. Your journey really struck me man! You have 8 or 9 properties already in the short amount of time you've been at it? That's impressive and inspiring! I've began networking meeting with one of the guys from the meeting this past week, and Wednesday I'm going to meet with a mentor named Samuel, that Scott recommended to me. I definitely want to hear more about your story. We should meet up sometime! Thanks for the welcome!

  • Investor · Fort Wayne, IN · Member since 2016 · 108 posts · 24 votes
    9y

    Sorry I missed you at the meeting. Throw me a PM and I can share my phone number. 

  • HVAC Tech · Fort Wayne, IN · Member since 2015 · 423 posts · 223 votes
    9y
    @James Yoder Welcome to BP. Great site. @Adam Beckstetdt what makes up all your units? What area do you invest in? That is a ton of units right off the back. I'm curious to hear your story.
  • Investor · Collinston, UT · Member since 2015 · 53 posts · 28 votes
    9y

    @James Yoder I am an IT Guy we have a Cross Dock in Columbia City I go out about 4 times a year to visit that site.. I travel about two weeks of the year so I get to see a lot of this great country.. Been coming out there for about 15 years.

  • Fort Wayne, IN · Member since 2017 · 17 posts · 4 votes
    9y
    Originally posted by @Mark Christensen:

    @James Yoder I am an IT Guy we have a Cross Dock in Columbia City I go out about 4 times a year to visit that site.. I travel about two weeks of the year so I get to see a lot of this great country.. Been coming out there for about 15 years.

     Columbia City yes! Small town but they are trying to develop more of it at the moment. Well that is awesome man! Ping me when you are in town. 

  • Investor · Indianapolis, IN · Member since 2014 · 2k+ posts · 601 votes
    9y

    @James Yoder HOOSIER STATE Represent! 

  • Rental Property Investor · Seymour, IN · Member since 2017 · 34 posts · 21 votes
    9y
    Good to see another Indiana boy come onboard! If you ever have any questions, don't hesitate to hit me up. Use your resources!
  • Fort Wayne, IN · Member since 2017 · 17 posts · 4 votes
    9y

    Thanks @Brett Snodgrass! Need more interest from us Hoosiers! 

  • Lender · Englewood, FL · Member since 2016 · 81 posts · 33 votes
    9y

    @James Yoder  I'm local here in Fort Wayne.  Let's connect.   

  • Rental Property Investor · IN · Member since 2015 · 125 posts · 93 votes
    9y

    Interested in houses in Fort Wayne?  Shoot me a PM!

  • Fort Wayne, IN · Member since 2017 · 17 posts · 4 votes
    9y
    Camilla Sauder, pm'd!
  • Jarod B.Pro Member
    Fort Wayne, IN · Member since 2015 · 21 posts · 3 votes
    9y
    James Yoder welcome to BP. Please let me know if I can help you in anyway
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