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Updated over 7 years ago on . Most recent reply
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Newbie from Indiana
Hows it going BP! Ive been on here for 2 weeks and haven't had a chance to introduce myself, so with out further ado. Iam Devonte Blackmon born and raised in Northwest Indiana . I am currently living in the town of Merrillville. Just turned 24 y/o on Aug 4th. Iam happily married with one beautiful daughter who is 3 y/o.
Ive always held a interest in real estate since grade school. Never had anyone that i could talk to about it because no one really owned their homes around me. So once I graduated high school i made it one of my goals to be involved. At that moment i was thinking real estate agent because i had no idea and never heard of house flipping wholesaling etc. As the years went on i had gotten busy, started working in the steel industry, had my daughter and got married so i didn't have time to invest in learning more about it.
2015 we needed more space moved to a larger apartment where the rent was $1,030 at the same time my mom had bought a house and her mortgage was way less than my rent. Right at that moment i started looking into buying houses. I was scared and procrastinated. I was making good money but just was young so i was discouraged. So 2017 rolled around i got serious started looking at homes and closed on March 31st . The previous owners walked away with $20,000. looked up my house online found old pictures and seen all they did was add laminate flooring and redo the bathroom. Month later my uncle closed on his house which was completely remodeled he bought the house for $167,000 and said that the person that remodeled payed $70,000 for it and they cut him a huge check at closing. I was blown away did my research and learned about the various ways to get into real estate other than being a agent. I was doing so much research then out of nowhere i seen bigger pockets on Instagram found out what it was and now I'm HERE!
My goal is to gain as much knowledge as i can while i prepare myself financially to jump into real estate investing. Also i would like to network with like minded individuals with or without experience. What interest me most is fix n flips and wholesale deals. In the future once i have more experience i would like to progress to having rental properties.
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Hey Devonte, welcome to BP and REI! Good luck in all that you do with it as you get started. There are plenty of great resources on here, blogs and podcasts, for you to begin educating yourself. Don't hesitate to reach out if you have any specific questions. I am in Indianapolis and have had success in Indiana with REI. God Bless!