All Forum Posts by: Anna Piruzyan

Hello Anna, 

Welcome to BP community. Congrats on your new journey. Theres definitely much to learn and can get overwhelming. Just take one piece of knowledge at a time. My team and I host Real Estate Socials in Orange County CA. If your local and would love to swing by feel free to reach out. Good luck on your journey. 

@Albert Bui @Matthew Kwan

Anna,

If you can buy it as a Primary or a Vacation/Secondary home you will have better terms and conditons on any "Renovation Loan".  Investment home renovations are feasible but the rate and terms may not be as attractive from a bank/lender stand point.  You can also finance it if its not going to be "Subject to" multiple issues that exceed a simple cost to cure that can be held in an escrow hold back.  Then simply do a cash out refinance after the 6 month mark if there is equity and build the Carriage house/Guest house.

There are not enough details here for me to analyze. The best way to see if your deal is a deal or not is by pitching it to Cash Buyers in your area. Let them analyze and dictate what the price should be.

Hi Anna! My name is Sloane, and I am also a newbie in real estate investing with a real estate agent license that I have yet to use. I would love to connect with you and I also wanted to welcome you on to BP!

@Anna Piruzyan, so much of being a successful real estate agent comes down to marketing and prospecting for potential clients. Leverage your marketing skills to source motivated buyers and sellers. As far as learning the ins and outs of submitting offers and getting deals under contract, I advise that you shadow/work under an experienced agent. Are you interested in becoming a full-time real estate agent? Best of luck!  

Welcome to BiggerPockets!

1. Study, Study, Study. Train, Train, Train. You’ll soon discover that the information you’re studying to pass your real estate exam doesn't even scratch the surface of all you need to learn to be a good real estate agent. So, I would recommend continuing your brokerage training (if they have one), reading books, watching videos, and listening to podcasts. There are a couple of great books in the BP bookstore on being an agent.

2. Select a niche. There's so much we can do as real estate agents. If you don't select a niche, you'll spin around in circles trying to do a little of everything and not mastering anything. I suggest starting with what you're already doing. I'm an active duty member who invests. I’m a third-generation real estate investor. I want to help families build their financial legacies through real estate. This has been working very well for me, so really spend time honing your niche.

3. Provide value to others. Posting on BP and sharing real estate information with your sphere of influence (and social media) is a great way to get started. It lets others know you're a real estate agent, and you know what you're talking about. It's a great way to build trust. Farming your local subdivision with monthly newsletters can also do this, depending on your niche. Believe me, people will reach out to you.

5. Identify the needs of your SOI. Your SOI may have specific needs. Many of the people in my SOI want to use their VA loan a second time or start investing. So, I adjust my messages to focus on those areas. Your SOI is unique, but when you provide value to them, you might see an even greater return.

I hope this helps.

I wish you all the best.

Hi Anna, welcome to BiggerPockets! This is surely the best place to start networking and learning. I always recommend the book “Rich dad, Poor dad” by Robert T. Kiyosaki to anyone starting out. Start listening to the BiggerPockets podcast starting at the very beginning and start growing your network, look on Facebook/BiggerPockets for different events, find a mentor doing what you want to do, and get to know the local lenders/brokers. All the best to your real estate journey!