Alonzo's taking the stage

Alonzo's taking the stage

Member since 2018 · 5 posts · 0 votes

Hi Biggerpockets community, my name is Alonzo. I have recently taken a huge interest in real estate investing. First off let me give you some backround information about me. This summer I have given a lot of thought on my future and I've asked myself a lot of questions pertaining to it. Do I really see myself having an engineering career? Will my engineering career deliver the lifestyle I want to live? After various readings, podcasts, and videos I discovered that no, college and engineering may not be my way. And with all that research I discovered wholesaling. After diving into the numerous amounts of information related to real estate investing and wholesaling my vision aligned. I saw a different route from the college route, a way out. Basically I saw real estate as a vehicle that could deliver me to  the life I want to live, the business ventures I want to pursue, and the lives I can affect.  I am 20 year old. I will be running my operation in Michigan.

With my youth I will bring my biggest assest-my will and compacity to learn and improve to any table I sit at. Fellow investors if you have any tips, advice, or information it would be greatly appreciated (especially from Michigan). I look forward to the value I can provide to this community. Thank you for your time and any contributions given.

Look out ya'll I'm on my way.

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Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
8y

@Alonzo Mansel sometimes yes but unless you plan to knock on strangers' doors every day (which isn't that efficient) hustle can only take you so far.  Sometimes there just aren't enough sellers or not enough sellers who want to sell at a discounted price.

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  • Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
    8y

    You may be able to make wholesaling work in MI better than a lot of other places but having a college degree as a backup plan is not a bad idea.

  • Member since 2018 · 5 posts · 0 votes
    8y
    Originally posted by @Aaron K.:

    You may be able to make wholesaling work in MI better than a lot of other places but having a college degree as a backup plan is not a bad idea.

    I definitely can agree that having college degree is defiantly a good backup plan. That's why I will initially be taking just a year off to pursue wholesaling.  

  • Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
    8y

    @Alonzo Mansel wholesaling is usually not a full time job if you are starting on a small scale  It is very possible that you could do both at the same time.

  • Member since 2018 · 5 posts · 0 votes
    8y

    @Aaron K. Good point but, I see wholesaling as an input output thing. The more effort you put in the more you can possibly get out of it. From my knowledge wholesaling is a "hustle" right? 

  • Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
    8y

    @Alonzo Mansel sometimes yes but unless you plan to knock on strangers' doors every day (which isn't that efficient) hustle can only take you so far.  Sometimes there just aren't enough sellers or not enough sellers who want to sell at a discounted price.

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    8y

    @Alonzo Mansel welcome to BP.  I wish I started when I was your age. Learn as much as you can and be patient. You have ample to so don't be a motivated buyer and rush into bad deals.

  • Member since 2018 · 5 posts · 0 votes
    8y

    @Aaron K. Thank you for the good points. @Ned Carey TY, I appreciate the good words and advice Ned. 

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