All Forum Posts by: Amber Koontz

@Jeremiah Akindele My mother and I attended one of these types of seminars. They fed us a lot of hope dreams and perfect scenarios and then basically called us fools if we didn’t sign up. I’d already began consuming large amounts of data from this community, so I walked away with my head held high MOTIVATED TO DO IT ON MY OWN. I am considering a coach or mastermind group to keep me accountable for achieving my goals. I have a couple investors whom I respect and have been following that I’m considering. I need more time to narrow that list down and to also cement my goals and plan of attack.

What are your goals?

What is your biggest challenge?

I can tell you 100% that everything that was offered at the seminar I attended, was readily available on this site. I studied, networked, and took action because of BiggerPockets.

@Adrian Fajardo thank you very much, I will do that!

@Pete Harper

To add some content. One PM that I took some interest in is https://www.starpointerealtymanagement.com. I have not worked them.

@Adrian Fajardo Thank you for your honesty.

I’m compiling a small list of pm companies that I can possible work with in the future.

@Adrian Fajardo Thanks for referring a good company. How long have you worked with them?

@Jason C. You absolutely can! Good luck to you!

@Nathan GesnerI deviated from my process twice and it lead to two evictions. I was sympathetic to a situation having experienced a natural disaster in hurricane Harvey. No matter what going forward, I will stick to the process. Sticking to set rules takes the emotion out of it. Red flags were everywhere. I am a better investor for it. I choose not to learn the hard way going forward.

@Jason C. That is very awesome! I look forward to achieving that in 2020. What would you like to do in multifamily? Is this apart of a bigger goal of yours?

This is absolutely awesome!!! I also have the intentional journal.

@Cynthia Molina What do you want to accomplish in real estate? What’s your purpose? I want to achieve financial freedom for my Mom and I. To do so I need to know the total of our combined income, a dollar amount to save, and the dollar amount saved to invest in more rentals. It’s very important to cover your expenses AND still be able to purchase more real estate.
My goals are to max out the 10 loan limit for conventional financing. Flip 3 rentals @ $30k profit after all expenses. The flips' profit will go towards a fund to get into small multifamily. Commercial real estate, 5 units and up, is where the cashflow really gets interesting for me. To get started I read a lot of books relating to rentals, there is a list on here of the top real estate books to read. I read and listened to every podcast relating to buy and holds. I went to a few meetups, became very active on the forums, found the key members needed to achieve my goals. Those key members were, contractors, lenders, real estate agents, an accountant, insurance agent, and someone to model my plan after. 90% of that list was found in this community. As far as your issue with the deed, that should have been taken care of by the title company. In my experience, we don't close without a clear title. I'd say: make sure you have reserves (6mnths worth) to handle a property, clear up your credit report, attend one meetup and really connect with someone making moves. You need to have an established criteria: what types of houses are you looking for, where, do flood zones matter, estimates for insurance, how far are you willing to travel, will you manage the property or will you work with a property manager... Follow up with me if you like. Kind of set the foundation and then set goals you want to accomplish. Per Brandon, I always look for at least $200 cashflow after expenses. There is tons of information on here, and that can be overwhelming. Maybe I can help you narrow things down and get focused. The best way to achieve your goal or goals is to get very specific. Laser focus to the finish line. One of my goals is also to help people get started in real estate. This site has been a true blessing for me.