All Forum Posts by: Adam Carl Birgenheier

Hahaahhaahaha yeah dude you totally got me there. 

I know what investing is. 

But what I am trying to say is that if you are only doing real estate, or any other form of investing solely for money, then you are going to end up like @Jerryll and have to pump his programs to keep afloat financially. 

There are intrinsic and extrinsic values to investing..... money being extrinsic, and your 'why' factor being the intrinsic. Maybe your 'why' factor is for financial freedom, sure. But many others, including me, are not egotistical, money-hungry, rainbow chasers who listen to BP all day and take 0 action claiming to be "flipper/rehabber in Sacramento". 

I do real estate for more than just a monthly check. I do it to help my family as well as my community. Purchasing ran down houses, flipping them into turn-key residencies, and renting them out for a fair price, where both the tenant and I feel like we both won, drives me more in life than anything else. 

Yes, getting a check every month in the mail is fun. Yes, seeing your equity build is fun. Yes, quitting your job is fun. But if you are doing real estate solely for money and nothing else, you are going to get burnt out really quick and go chase bitcoin and other pump and dumps and end up like 90% of the other real estate investors here not take any action.

-- but like I said, do what you think is best. Chase the golden dollar and see where you end up a few years from now.

why not start your own business, or do something other than real estate? Blogs, podcasts, or YouTube videos maybe? 

Maybe this is just me, but if you don’t focus, you won’t succeed. Listen if you want to listen to Mr. Pump Up and Promotion guy Jerryll, then go ahead and take his advice.

But if you want unbiased and honest advice. Stick to one. Sounds like you’re only in real estate for money instead of the intangibles which most all successful real estate investors are in for.

But like I said, do what ya think is best (-:

I dont get what youre trying to say and I dont have interest in reading a book on a guy trying to promote his company on every thread. 

But sure. Have a good one and best of luck.

Nice red herrings bro.

Just giving my opinion. Not poo-pooing on the thought of wholesaling. Just curious on why she’d go from one form of real estate to another with no sign of catalyst to do so.

—

Also, I’m actually on here to give free advice with no strings attached, you’re only on here to promote your company. Might give another view for your overreactions.

Why would you wholesale if you seem to have success in flips and rentals? 

--

I think the first thing you should do is sit down and think about why you want to do real estate. Not only that, but what are you going to do. Draw out a life map and envision yourself in where you want to be 10 years from now..... 200 rental properties or a 300+ team of wholesalers dominating your area. Pick one. I just do not see why youd want to wholesale if you already have experience and success in the other though...

Shirley, listen to me. Never spend money on a mentor. 

True 'mentors' dont work for paychecks. The best 'mentor' you can have is sweat equity. By jumping head first into real estate, you will learn more by that means than any other way possible. Not only by being hands on and by learning through micro-failures and setbacks, but also by opening yourself up to expanding your network. 

Hopefully you understand what I am saying. But just listen to me, I have met a few people that have paid $5k, $10k, and even $50k for mentors.... I have never met one person that said that they would do it again. All of them said that the info they teach you is basic at best and can be learned through BP.

--

In my opinion, best way to jump head in is to do FHA loan and own/occupy a duplex. Start small, be patient. Youll get there (-:

1) 5 Day Weekend or Rich Dad Poor Dad

2) Lincoln on Leadership

3) Watching baseball (Go M'S!), taking my dog on long walks, and writing ebooks.

4) Two fold. First is that people who fail, quit, or never get started is that they see real estate investing as an ends, rather than the means of financial freedom. By that, I mean that those people ignore the singles, and only try go for the homerun deals. 

Most "investors" I meet at local meet ups have never gotten started because they are waiting for that perfect property to appear where it is turn-key, under market value, and will produce $200 p/door and at least 15% COC ROI and they do not need to do anything and can just lay on the beach and collect monthly checks.

The thing to me is that you need to hit consecutive singles and grind your teeth in order to get that home run ball. In other words, buy properties, work your butt off, and be able to make sacrifices while living frugally so you can actually get started in real estate. 

My first property broke even for the first couple months, but guess what, I loved every second of it because I learned SO much about real estate that books/seminars etc would have never taught me. Not only that, but that 'single' led me to my next deal. And that second property that broke even as well, allowed me to now close on my third property here in the following deals.

I LOVE REAL ESTATE. I am not going to be a millionaire because of real estate. But real estate will allow me to have the financial freedom to where I can focus on myself and become a millionaire by focusing on other means. That is the disconnect that most 'investors' do not understand. Brandon Turner, Josh Dworkin, and gang did not become successful because of real estate, they became successful because real estate allowed them have the financial freedom to focus on themselves and their businesses. 

See you there!

@Kyle Waters,

I have only worked with a few contractors before, and let me just say that character and likableness tops all other traits. I have worked with skilled contractors who do fabulous jobs, but fail to stay in reliant contact with me. I have also worked with good, honest, and reliant contractors, who may not be as clean as the other contractors, but definitely are humble, honest, and allow you to relax when you hire them for the job.

Where I would start first to find the contractor-of-choice is word of mouth. Either through family, school, work, etc. I would avoid REIA at first, simply because of the exterior motives at play. Nevertheless, ask your pops or mom who they used to renovate their house. Or ask a co-worker. Though they might not have the 5-star contractor you're looking for, they can branch out and give you solid connections to reach out to.

Nevertheless, just remember character and likableness tops all other traits...