New Newbie from Colorado Springs, CO.

[Erik Dominguez]

      So this is my “I’m new here introduction” My name is Erik Dominguez and am a military service member currently deployed to Afghanistan and stationed out of Colorado Springs, CO. and quickly coming up on my retirement (late 2020). I am originally from Riverside CA. but am not planning on moving back to California since I have already purchased a house and love the Colorado area. I do not have any background or knowledge in real estate besides the few articles I have read here and there and of course the “Guru” limited information webinars/podcast/YouTubes. However, I do have lots of family and friends in the real estate profession. I have recently been more and more focused and interested in the benefits, process and deals that can be made in real estate and how it all works.

I see this as the best direction moving forward as my family and I leave military behind. My direction is after I get the process and footing under me, to work for myself and never have a boss again (besides the customer / tenant / investor or purchaser) eventually want to work with a great team and more so with friends and family to build each other. As far as personal real estate goals, I want to open my own LLC (Which in just the LLC I have a lot to learn) and have a broad portfolio with a few rental properties (commercial and resident) and produce some really great real estate deals. As far as the areas of real estate, I really am trying to figure that out. Right now I am getting ready to start the Colorado course requirement to get my license. I will start this May so I can test once I return from Afghanistan later this year. But, I see so many other avenues to go that don't require a license. Being so new I am trying to figure out what will best fit me and my personality. I have to be sure it will assist me to be the most successful first for myself but also to work with friends, and family on deals.

      I don’t have a great mentor that will show me the ropes and explain the process of things. I have talked to a few real estate agents in the Colorado Springs area but most contacts aren’t really knowledgeable or willing to take on a mentorship role or helping others. I myself am a hands on learner so the only way is to do it, either by watching or executing it through guidance and over watch. I have recently started reading up on wholesaling and Fix and Flip since that seems to be a faster route to getting hands on and making money without a license. I am still trying to figure out the actual no bull step by steps to starting with investors/OPM to produce some decent cash return on deals. I am still trying to crack the knowledge nut and learn the whole what I call the Find, Fix and Finish, i.e. Find the deals, Fix the contract, and Finish the deal with a buyer/seller. What forms and just the how it works. Again this is where a good mentor comes in. The other drawback at the moment is being deployed and having to wait till I redeploy to put action in motion. Thanks for reading. PROST!!!

V/R (Dom)

Erik G.  Dominguez