All Forum Posts by: Andriana Babikian

Hi all (: Once I gain some more education by attending more seminars, courses, and REIA meetings, I essentially would love to find a mentor who would be willing to walk me through some processes, and maybe even help with funding deals. What are some ways a newbie can help a mentor? What should I be seeking to learn first in order to bring some positives to the table for said potential mentor? ALL constructive feedback very appreciated. Thanks so much!

Thanks guys. I always appreciate genuine, constructive feedback. Michael, are you saying that I go and try to shadow someone (if possible), or to actually get a job in RE? I am already looking into getting my RE license with a 4 week course (starting in May or June). I believe I would get some good education at least for part of the RE business. Would that be the best route to take for now? I am a full time teacher right now, but am not opposed to moving on to something in RE, as long as it gives me opportunity to save money for a future in REI. The interesting thing, though, is that I am on the market to buy a house for personal reasons (although it is possible to make a profit selling in the future). Will this hurt me? I am really interested in partnering, finding a mentor, etc. where I won't need to use primarily my own money, or a bank loan! (Trying to stay away from bank loan, since I will soon be trying to get one for my personal home). Thanks again for your replies!

Thanks guys. I always appreciate genuine, constructive feedback. Michael, are you saying that I go and try to shadow someone (if possible), or to actually get a job in RE? I am already looking into getting my RE license with a 4 week course (starting in May or June). I believe I would get some good education at least for part of the RE business. Would that be the best route to take for now? I am a full time teacher right now, but am not opposed to moving on to something in RE, as long as it gives me opportunity to save money for a future in REI. The interesting thing, though, is that I am on the market to buy a house for personal reasons (although it is possible to make a profit selling in the future). Will this hurt me? I am really interested in partnering, finding a mentor, etc. where I won't need to use primarily my own money, or a bank loan! (Trying to stay away from bank loan, since I will soon be trying to get one for my personal home).

Also, how do I get deals under my belt without money? Meaning, wouldn't I need to take time to find "OPM" before I can get deals?

Again, thanks so much for your reply-- anything is appreciated. 

Also, Michael, how do I get deals under my belt without money right away? ...Meaning I need to take time finding some "OPM" for the deals (given I have acquired expertise by this time). 

Thanks guys. I always appreciate genuine, constructive feedback. Michael, are you saying that I go and try to shadow someone (if possible), or to actually get a job in RE? I am already looking into getting my RE license with a 4 week course (starting in May or June). I believe I would get some good education at least for part of the RE business. Would that be the best route to take for now? I am a full time teacher right now, but am not opposed to moving on to something in RE, as long as it gives me opportunity to save money for a future in REI. The interesting thing, though, is that I am on the market to buy a house for personal reasons (although it is possible to make a profit selling in the future). Will this hurt me? I am really interested in partnering, finding a mentor, etc. where I won't need to use primarily my own money, or a bank loan! (Trying to stay away from bank loan, since I will soon be trying to get one for my personal home). Again... any advice is appreciated!

Hey guys. I am generally new to BP, but am always enjoying reading deep into the forums; however, I can't seem to find more info on how exactly you get other people to fund deals?! I am going to some REIA meetings soon (monthly) and I know I can network there, but do I literally just make conversations, build relationships, then propose a deal that involves their own cash? I am interested in being the one who finds a house, does the renovating, then flips it, but I need true mentoring and OPM for sure. I'm brand new and really don't have much of my own money... I simply have the drive and the willingness to do the dirty work. Any advice helps!

Hi all! Simple, basic question to start out my membership with BP:

Scenario: You're 26, a teacher, and love the thought of REI. You have $5,000 to your name. You've been reading up on REI books, going to little workshops, but still not sure what to do next. Where do you start?!