All Forum Posts by: Andriana Babikian

I just got an offer accepted on a home that my SO and I are buying for ourselves. It's everything we've wanted, including location, on the water, size, etc. It's our first home, and now that we have a big loan out there, what is the best way for ME personally (not really him) to start out small with investing? I was thinking beginning with saving for a DP on a hard money loan, then maybe getting a small condo to fix up and rent out...? I know some of those places unfortunately have rent stipulations (like waiting one year or more). I just want to know of any ways one can start out considering I just got my OWN home and will be spending a lot of $ on that for the next year or so. We definitely do not want to flip and sell/rent our home (we want to live in it and enjoy it)... so any advice is appreciated. THANKS!

Hey guys. I purchased the 3-day workshop for 197 (for two tickets) and I am able to get a refund if I wanted to. Has anyone gone to the 3-day summit? I know they're going to try to sell us their bigger, more expensive program, which I will not be purchasing, but I was wondering if the 3-days were worth it...

Dan, thanks for your awesome success stories! As far as lending, and your funding sources... Would you mind giving some details on how you started money-wise? Did you start with all loans? Did you have a personal savings that helped? Sorry if this is too personal... My main struggle or conflict is how to start with very low funds, and I will soon have my own personal mortgage/loan, so I'm afraid it will prevent me from getting another loan to try my first flip. Any insight will be very appreciated! Thanks so much.

Thanks everyone! My only thing is, @Mike Hurney, is that I somewhat want some of the experts to know that I am new and "in training". Because essentially the first steps I'd like to take would be to work under investors and experts, and just learn while working for or with them. I don't want to give the wrong impression--that I have deals, or can find deals, etc--when frankly I am so darn new I barely know how to do that. Hmmmm...

Thanks! I have been on BP for almost a week straight now and don't plan to stop. Been reading blogs, forums, commenting, adding colleagues, etc. I'm also reading the beginners guide. I do want to create business cards so I can have something to hand out at REIA meetings (first meeting is April 1st!), but still don't know what info to include. Essentially, being so new, I would like to meet expert investors, work with them, help them find homes, help them rehab and flip homes, etc. but as I said... Still learning and need some experience. Any idea what I should put on the cards?

I'm in the same boat... Brand new, want to get into flipping and rentals, but zero experience and in need of people to work with and learn from (Aside from all the reading I try to do). I also don't really have the money to "buy houses" and am afraid to present that in my cards to people when I don't even know really what I'm doing yet. I'll be attending REIA meetings soon also, but don't know what to do with this business card situation. Any more advice would be greatly appreciated.

What can I do if I come across a recently unoccupied home, it's a mess inside, lockbox, shows up online as "public record"? I want to do something if I can! Brand new at this...

 So, you're telling me, that I don't need a penny to get something under contract? I just find a good deal, post it and network, and I'll get buyers that quick? And what do these buyers do, how do they benefit, and how do I benefit? Would you mind giving me the basic steps... Once I find a good deal, then what? Sorry for the questions game...

No post is too long! Thanks for the great insight. I haven't thought enough about this LLC idea--Sounds like a good way to go. Are you able to provide any tips or advice on now to go about forming an LLC...? I'll be researching it also. As far as education goes, I am a big advocate for never failing to learn something else; There is always something new to gain. And I don't want to be the victim of analysis paralysis. That will get me nowhere. I will make this work, no matter how much time, effort, and education it takes. Starting with a RE license and career seems to be one of the best paths to take...

Thank you!  

I like that idea! Only thing is, is we are hoping to buy by July, and I may not even be able to take the RE license courses and exam until June or July. It's a great idea, just unsure if I'll be able to cram it. Definitely something to think about...