All Forum Posts by: Andraise Scott

@Christopher Gray Good job on diving into the podcasts, books and forums!  @Account Closed is right about those "free" forums.  Be careful with that.  As far as the house hacking strategy: even if you can manage to purchase a cheap condo and rent a room to a friend, that could be a good start.  Make sure you keep your credit as squeaky clean as you can.  If you don't already know, look into how to get good credit and the do's and don't's of keeping it.  And, cudos on the lawn service business!  I need to stay in touch with you.  I may need to call you for your services.  Keep Rollin!  Wishing you the best!

Hi @Christopher Gray,  Welcome to BP and RE Investing!  I would suggest maybe starting out finding deals to wholesale to active buyers while you're continuing to learn the business.  This will help you raise capital faster and be closer to the ins and outs of the business to increase your knowledge.  You don't have to have any money at all to get started finding deals.  But, if you have a little bit you can maybe do a little marketing (flyers, signs, mailers, etc) to help you find those deals and motivated sellers. 

Definitely read the Beginners Guide To REI right here on BP and then look into some other books you can easily find on BP, Amazon or Audible.com. Get to some local REIA meetings and meet some people, some buyers for your deals and some potential mentors. Get your REI homework in though. Don't try to skip that step. Good luck to you!

Congrats again Sandra!  As others have said, referrals are the ultimate thank you for a realtor.  But, I would also do the gift card somewhere in the $100-$200 area.  Good luck on the next one!  I think we've found a decent strategy for purchases.

Hi Mike, I would suggest "The ABC's Of Real Estate Investing" Ken McElroy, "Hold" Steve Chader and others, "Flip" Villani & Davis and, of course, "The Begginers Guide to REI" Josh & Brandon BP, "The Book On Flipping Houses" J Scott, "The Book On Investing In RE with No and Low Money Down" Brandon Turner. All very good. Good luck!

@Malik Cole , Welcome to BP and the wonderful world of real estate investing!  I wish I had known at your age that this is what I wanted to get into and had such an early start.  Good for you for figuring that out early and finding out that BP is a great asset for your journey.  @Victoria Winters , @Stephen Chatto and @Account Closed already posted some good advise.

My suggestion in a nut shell: Before you take action, read as many RE books as you can, especially the basic list that most of us read including "Rich Dad Poor Dad", "The ABC's Of Real Estate Investing", "Flip", "The Book On Flipping Houses" -J. Scott, "The Book On Investing In Real Estate With No (and Low) Money Down"- Brandon Turner and others.  Read, learn and read some more as Stephen advised.

While your doing that, save as much money as you can, cut back on unnecessary expenses, GET YOUR CREDIT SCORE UP and find out what is necessary to keep it up.

Find local REIA groups, attend meetings and meet people. See if you can get with an active investor as a scout which includes scouting neighborhoods for potential deal making properties. You will learn what those are and what to look for during your learning.

Go through every podcast on BP in order starting at #1.

.....Set some goals, make a plan and THEN take action!  And, don't be afraid to ask for help and guidance as you have already done here.  Good luck my friend!  Enjoy the ride!

Hello @Derick Whitley !  Welcome to BP!  You should definitely check out Podcast #103 with @Elizabeth Colegrove . She covers a good strategy for using VA loans. Enjoy the BP ride! There's a wealth of knowledge here.

Hi Travis, Basically, you can see properties listed on the MLS through one of several web sites such as Realtor.com, Zillow or Trulia. To gain full access to property info you need to be a realtor or see if you can get an assistant log in from a realtor you're working with. Good luck with your first!

@Raymond B. , I about to close on a code in North Haven.  Aside from the killer taxes up there, what is the deal with Connecticut real estate?  There seem to be a lot of potential deals but little investor interest (it seems).  Any thoughts on the New Haven area for rentals as well?

 Way to go @Sandra Holt!  Congrats!  I used a similar strategy with my current acquisition.  I watched it, waited for the DOM to rise and the price to drop, contacted the selling agent directly, and contracted a great deal pointing out the savings of the buyers agent fee as well.  Did the appraisal today, got my tenant lined up already, just waiting to close....looking for the next.  Keep rolling!  Congratulations!