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Updated over 7 years ago on . Most recent reply
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So when do I say I am ready - FOR NEWBIES
Hello BP and perhaps more specifically,my fellow newbies. My partner and I have been stuck in analysis paralysis,for at least 1 year. Although we may feel ready,we can't help to sometimes feel that uncertainty. If you're like us, where you have a burning desire to pursue this journey,but still need a push, then let's take this leap of faith together.
We can share our passion and experiences together. Share our mistakes,goals and more importantly our journey into success.
So how do I begin and sum it up for my partner ( who happens to be my future son in law) and I.
Our WHY - To obtain wealth that will allow us to provide a legacy for our family. To bring God glory,with financial freedom in where he may lead us.
OBTAIN knowledge - Books we have read: Rich Dad Poor Dad , by Robert Kiyosaki ; The Millionaire Real Estate Investor, by Gary Keller; ALL OF Brandon Turners books (thanks Brandon ), The book on flipping houses,by J. Scott and many more.
Pod Cast ; picking brains ( not figuratively )
Mentors
Bigger Pocket and the burning desire to learn. HENCE THE ANALYSIS PARALYSIS
...... And there is a lot more.
It all led to us making our first offer a few days ago. It was for a pair of Duplexes ,class D area .
( LOL ,Check us out trying to come out the gate in a blazing fire)
The COMPS are $74 , Asking was $105K for one and $99K for the other.
We offered $136K for both. They said we didn't even come close, but a week later,a duplex directly next door sold $68K
So PATIENCE,PERSISTENCE ,and PERSEVERANCE ........And away we go.
I listened to a podcast the other day,he said
" PERSISTENCE + OPPORTUNITY= LUCK "
SO I THINK THE A ANSWER IS TO TAKE ACTION
WHAT SAY YOU ?
Most Popular Reply
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@Tim Hertz Congrats on your Duplex, that seems to be the common theme for Newbies.
Your are correct, minimize risk by purchasing right and for me keeping emotions out of it
Thank you Tim.
I have another offer I just put in on SFR, this one requires no rehab, essential a turnkey (not by real estate definition)
I offered CASH (they say cash is king)
Crossing my fingers
Take care Brother