All Forum Posts by: Alex Jean Baptiste

@gualter huge lesson for us new guys. Stick to the plan. Shortcuts catch up to us. Well at the end of the day your hard work paid off! Keep it up! I hope to keep following your success!

@Kapil M another Great brain is Steve Bracero I can vouch for him as another very helpful member! That is the top and most measurable benefit. MLS access. That does come with the caveat that other eyes may be looking at the mls as well but the benefit that not everyone is searching for the same thing/same reason. There isn't a one size fits all approach to it. Other reasons for me were to be introduced to the field. I like to network in person and most of my networking to this point has been social work related haha. I wanted to be able to establish my role as an agent in my team so I was being proactive. Just a heads up in advance there is a post about a meetup in Waltham happening on Sunday. I'm sure the likes of above posters may have chimed in on that as well. That could be a good place to start. I unfortunately will not be able to attend because that's the last day of my RE course.

Welcome!! Beginner here as well beginner with a plan. So much to be gathered from everything from forums to podcasts to blog posts. Charlie MacPherson has been a huge help including countless others! Put a plan on paper and knock down steps. I'm currently knocking down my own step of getting my re license. (Not a requirement) in this process I've already knocked down a few other steps. Met some people I needed to know through networking. I am like you in the learning phase but the Learning phase can still consist of actions!

@clayton I'm sorry to hear about such tough timing. What is the Indiana market like for you?

@Rodney Jordan Grimstad Jeff Petsche that really does explain things. The deal truly is the only thing that matters. Cash flow matters. what does that say about the ROI? It seems to range anywhere from 1% to 8% at least where I'm at and even then that hasn't been entirely accurate with my analysis of deals being so dependent on what financing or true rehab costs I'll have. But some keep saying they don't want anything under 10-12% ROI so which is more important? Cash flow vs ROI?

Jordan Grimstad makes a lot of sense the built in exit strategy of holding on. Guess we it goes awry is not being able to afford the difference between rent income and mortgage/bills after an extended period of time. That's probably what's meant by unloading because it's not necessarily unloading everything but just enough to stay afloat. Ok so that sounds like the notion of "wait until the crash" isn't really an actual strategy?

There's post after post referring to the economic downturn so I'm sure this is getting old. My question is how does each type of investor get affected by the pending market correction? (I.e. Wholesalers v flippers v buy and hold.) who gets hit worst and how does each types strategy to fight the downturn differ? In the podcasts I've heard that the exit strategies tend to be around unloading your holdings but then I ask... theoretically if sh*ts going to hit the fan who are we unloading to? Unassuming people? I've also heard on the podcast "buy before the downturn, buy during the downturn, buy after the downturn." How does that make sense?

First of many I'm sure. Congrats!

@Charlie MacPherson I have considered it altogether haha. The numbers make sense to do so. I figure that I'm already such a beginner and know I'm at the very least a year away from jumping right in that I might as well go through the first year. or at least semester. I'm glad you will be there when I get the license. 

Make no mistake you make a great point and the opportunity cost argument is huge. I guess the school part is my safety net considering the turn over on RE Agents. (excuses I know) 

@Steve DellaPelle Damnit. The last day of my Real estate course is that day! Love the action though so if this happens again I'd love to attend.