All Forum Posts by: Angie Williams

Wait, I’m confused you took a real estate class. Fine, now due to this class you now are in debt because the money was spent to take this class? I’m going to be very blunt and I apologize now. The only classes, you should have been taken were ones to get your real estate license. Nothing will teach you more about real estate then being in real estate, hands on not with a pen a notebook and for a couple hours in the evening. Real estate investigating is not something you can learn like algebra or biology , it’s a passion, its natural entrepreneurship skills and a business way of constantly thinking. Unfortunately, there is no class that can ever teach you this. I must ask what exactly are you taking a class to learn about real estate for? If you don’t know what or how real estate works, even by simple due diligence, google, sit home for hours and hours like I did and still do even being a successful RE investor.....read and learn and hear others stories. What is your intent in RE if you need to take a class to learn about IT? RE is NOT meant for anyone who thinks its a get rich quick business. Because those who do think this way end up failing because you go broke before you even see a profit which for many could take years. That’s where passion and patience comes in. Your money should have been spent in other ways then a class. Investing in a class rather then RE wasn’t the best move. But you live and hope you learned the do’ and dont’s when trying t be an investor. I sure your teacher is loving life right now! My advice, if you have the passion!! Start out by getting your real estate license and learn all about real estate on the field. Look into an FHA loan, borrow, save, and learn from RE experience not classes. Walking out of a classroom with a teacher who may claim to be a successful investor is not the way to invest, investing isn’t written in books it’s written in your way of thinking from a business and RE investment perspective. You were better off talking to real time investors in the field and watching and learning. I sure wish I had time to teach investing classes but I’m entirely to busy investing. Good luck, and I hope you find the funds and passion. This isn’t an easy profession if you don’t have it in you, you will get eaten alive. I’m not saying you don’t but I’m just giving my own personal advice.

Your asking for a lot with little to give or have. I personally think your in a little over your head with this one. Aside from finding investors, have you invested in the past in multi unit buildings close to 96 units? If not, I’d be very careful borrowing money of that extreme high volume to begin playing with other people’s money. If you have the experience in maintaining and running 96 units then that’s great. If not, I’d suggest start a lot smaller significantly smaller perhaps 15-20 units. I wouldn’t want to be that investor trusting someone who doesn’t have a portfolio of multiple successful past investments or experience especially asking for millions. Plus, most investors won’t lend to you without an existential background of what your asking for. Investing 20 million doesn’t come easy at all to obtain for experienced investors to begin with, I hope you you have the past successes to price. Good luck, hope all works out.

Is it possible to buy a home or submit an offer before an auction date? Or once it’s posted for auction there is no offers being accepted? Cash deal obviously.

Vey interested in the Albany units. Email angela1133@aolcom

Hello, I’m an investor in NY lately I have been Approached to start investing with New Junior investors, but unfortunately I have a partner and an 2 established companies already. My question is, what direction do I send these newby investors who have bad credit or a little to no credit as well as not much income to show? I feel bad I want to help as much as I can, but like I said I have a partner I own property and establish business already where there really isn’t room for me to add on any more investments at this poi I feel bad I wanna help as much as I can, but like I said I have a partner I own property and established business already where there really isn’t room for me to add on any more investments at this point. I’m in the middle of a couple projects. ANY help or suggestions I could pass along would be great and so helpful to them.’ Thanks!

Drake Espenlaub Thank you! Financially happy/satisfied is the best way to put it. Because again and Im going to stand by what I believe that no one will ever be financially “free.” The richest people in the world will never be financially free, being financially free means you have no worries that pertain to anything monetary, not one bill ever to pay again in your life.... This includes mortgage/loans/lawyers/agents/contractors/violations/tenants/ lol my neighbors 50 foot tree costing me $4,000 last week that I had to get removed that fell on my side Of the property destroying my fences, yard and crushing my shed. So, NO, Im not filthy rich but I live a good life and still will never be free of financial obligations. I don’t believe anyone whose in debt or homeless or whatever it may be can’t be happy also. Being free financially doesn’t bring happiness and again it’s impossible. Bottom line...No matter what the more money you make the more Problems follow right behind them. I have the money to fix the issues, but I’m far from being free of all of the issues that come along with being successful. Not free, I’m happy, love love love my passion and drive for this industry and very satisfied. Happy and satisfied 100%. I took a risk and left a very secure job. I didn’t know if I was gonna lose it all or succeed. I wasn’t so happy when I first started but I Defiantly am happy now to be blessed to have taken a risk that could have cost me everything I had. pay for nothing, and everything is not technically free I understand that but whatmay have taken the word “free” and concentrated on that word cause it just didn’t sit well with me. Who is happy as satisfied with

Retired from teaching for 11 years, and I don’t have a 9-5 day job, I don’t have a boss or a manager and one day is never the same as the next. Real estate is my retirement, that’s why I invested to retire early, especially when you make a great success from it. Investing, challenging decisions , ups and downs, new learning experiences everyday, tons of real estate opportunities and proven success isn’t a job for me it’s a passion, it’s my life.

I’m Sorry but I don’t agree with the comments above. FHA requires you to occupy the home one year until you can rent it out. I had to rehab my house as well, not a gut job but it was out dated. Honestly, by the time it was done being refinished by myself and friends It was about time to find tenants. It flys by and I’m not sure how living in a home prior to renting is going to have a negative affect financially. Unless it’s new construction, I believe theirs always someone living in the home before you purchase it. Even better it’s you, so you can maintain the utilities and become familiar with the home is even more beneficial. I slept their a couple of times but never fully moved in ever. I occupied the home while repairing it. It does not state exactly what conditions occupy falls under. Listen, You cut corners, find deals this is what investing is all about. Im 34 years old and now have over 23 rental properties and I didn’t get them from walking away from them that’s for sure, my success is all because I had to “occupy” the first home I bought due to FHA. Best learning experience for me! Whose to say your repairs or updates on the home doesn’t lead you to flip it, sell it and make a profit even if it’s a small profit. You can’t predict the outcome sometimes. You can run all the numbers you want but sometimes even the best deals turn out to be the worst. I’ve been on both sides of the fence.

Stick with it! I also started with an FHA loan and thankfully it went smoothly. My best friend did also. But hers did not go so well. I must of cursed the appraiser out in my head for hours, she and I on the hottest August day in August NY literally peeled paint off of the front porch and painted for about 5 hours in order for her to close. The appraiser made the most ridiculous demands to be fixed before she could close. For example, front cement step discoloration, meaning one step wasn’t matching the other two cement steps. So we had to power wash it. Honestly, when we were finished he approved it so quickly I swear I don’t even believe he came to check on the repairs, just approved it. She made an agreement with the seller that she would take care of the repairs and would be compensated in someway (I don’t remember what their agreement was.) Prior to that she knew she had to light a fire under their a$$*# because nothing was getting done and two closing dates had passed. So, she threatened to back out of the deal and reconsider the purchase of their home if the repairs weren’t made. That’s when they agreed on the repair agreement within days. I’m not sure how far you live, but I would personally call and email the agents over and over again and put some fear in them. The last thing they want to do is lose commission after all of this. It’s up to the sellers agent to rush them along. My friend got to the point she wasn’t missing another closing date and everyday called and emailed multiple times and within days the repairs were finished. I would make a deal with sellers hire some some help, get it done yourself and get to that closing. I always said never rely on anyone else but yourself if you really want something done. Don’t give up, get loud and get annoying. Call, email, call, email, and so on, I’m telling you it will work. They don’t think you would give up this deal probably b/c they know it is a great deal and you wouldn’t walk away from it, so their just taking their time. They will respond quickly once you start to scare and demand repairs, even give a date you want the repairs fixed or else you walk. You waited this long, I wouldn’t give up. Time shouldn’t be the reason you miss out on investing into your future. You won’t regret it. Good luck it will work itself out.

Interesting question, although I’m not sure if anyone is ever technically financially free no matter how much they own or make annually. Can I go out and buy and spend money freely without hesitation? Yes I can and I definitely do. But that makes me financially blessed, stable and comfortable but never free. If I was financially free, I’d be poor. Poor in the sense of having nothing to pay for not even a meal. I’ll always have bills due to that exact reason I am “financially free.” I still have to worry about all of my properties and if they are up to par, dealing with incidentals, employees, lawyers, law suits, defaults on rent, etc. I think we all have to deal with finances even if we can live a life of some form of luxury. I’m 34 resigned/retired 4 years ago from teaching children with Autism in NYC for 11 years. I don’t have a day job, I pretty much just take care of my businesses/properties and keep busy, sometimes I even get bored because almost everyone in my life has a 9-5. I purchased my first home when I was 28 from a colleague who was going into foreclosure. Then I started to flip, flip flip, purchased 4 properties cash and renovations started, this was right about when I resigned I work with my cousin (partner), then a month or two later I was looking for change for gas money to drive to my flips. I was looking in my couches, old coat pockets, my little brothers piggy bank, and that’s because I was financially in over my head. I had to struggle for awhile for me to finally be very financially stable and comfortable, but I never technically ever feel free. I could never forget how I gave everything up to be as successful as I am right now. But, I don’t like to think of being “free” of finances knowing the struggle I see some friends or family having to go through. I even downplay my finances to them sometimes just for me to remember and to relate to their reality of living pay check to pay check. Although my wallet is financially free, my life and living and breathing isn’t free, it costs a lot for us to have that. I sure wish money did set me free but it doesn’t, it merely provides me with just a very beneficial lifestyle. I guess I don’t believe I am financially “free,” if money ever becomes the reason I smile because I’m free from ever paying another bill or struggling to pay to keep my hot water and heat on, honestly, then I’d say just take it all away from me. I don’t believe anyone is free financially speaking. Just my humble but loving my life opinion.