All Forum Posts by: Eric Siebert

The answer is FEAR. You're afraid of failure. You're afraid of success. You're afraid of losing money. You're afraid of looking like a failure if it doesn't work. You're afraid of looking like a failure if you tell people that you are going to invest and then don't. I'm not judging. I'm living it. Many do. If you do the work and do it thoroughly, there is no reason that you should fail. 

I've been wanting to invest for years. I finally got a HELOC and can add that to my savings and have a great start to being an investor. I just need to find the deal.

That's another factor to consider. One that I am also very guilty of. ANALYSIS PARALYSIS. You can run the numbers on every house. At some point you are going to have to decide that this is the one that you are going to start with.

The other option is to walk away and quit putting all this psychological energy into it. That will just eat away at you.

We are looking to purchase a SFH that is just a couple blocks from our primary residence. The house was inherited from the slum lord after he passed and the house is in disrepair(understatement) and behind in their tax payments. My question is; what would a good letter look like to send to the owner of the property? Also, they own a number of properties, should I offer to purchase a number of their properties if I can get the right price? Or shoot for the others later?

We have friends that have a house in the Country Club area that they AirBnB. Very nice house, great reviews, but, the market is really not there. If it was in the old market or midtown, I would say go for it. Down in Plattsmouth, I would doubt that you are going to have many takers.

Thanks for the offer Kevin. I'm actually sitting in a decent financial position. I have a HELOC that is easily at my disposal as well as cash on hand and some 401K money that is sitting around making very little money on its own.

My wife and I are getting into the game. I am a professional firefighter with the city of Omaha. My wife Recently left her corporate job to go out on her own as a speaker/coach/consultant in the wellness industry. We are looking at buy and holds but are not opposed to a flip project if the numbers are looking good. We plan on focusing on single family rentals, but, would like to find a couple duplexes or triplexes as well. I have a good background in the construction fields and what I can't/won't do, I have coworkers that can do it. We are looking forward to making some connections with investors in the local area as well as utilizing the vast knowledge base that is BiggerPockets.

Thanks

You can get on the Secretary of States web page and it lays it all out for you. Took me 30 minutes and a small amount of money. I'll save my attorney money for when I really need it.