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All Forum Posts by: Blake H.

Blake H. has started 11 posts and replied 64 times.

Post: Know Your Truths, Ask How, Don't Stop Trying

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

Last year I began my real estate investing journey, no experience and no knowledge of real estate outside of owning my primary residence. I sought out to build a rental portfolio. I joined BP and started seeking out advice from the community. I shared my story and what my situations were. I was a bit shocked to receive feedback from some that I, in essence, am not meant to be an investor, I'll never be an investor, and that I should work myself into the ground to save enough money to buy a rental once a year... Today I am under contract to sell my 5th wholesale assignment, this being the first for the business I created with a partner that helps wholesalers sell homes, helping homeowners sell their homes in the process. We have over 130 properties under contract we are looking for buyers for. I own a long term rental and will continue to add to and build a portfolio. I am a Sub2 student of Pace Morby, the best real estate mentor on the planet. I am loaning 5k for a wholesalers EMD, and helping them sell the property, getting 50% of the assignment in the process. I will continue to look for opportunities to buy my own homes. I hope this helps anyone who's beginning their journey not to give up. Keep looking for the answers, don't listen to the "experts" who tell you you're not capable. Patience, persistence, hard work, and people you can trust is what it takes!

Post: Interested in investing in West Virginia?

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

Anyone interested in a flip opp in Coal City, WV?? 

Post: My First Investment Under Contract

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

@Kyle D. I just went over each of the options the lender was willing to offer and that was one. If it's your first investment, consider the fact that less money down means you're Debt to Income ratio is higher meaning it may impact your ability to get conventional financing for the next investments. After learning this I decided to use an investment option instead with 25% down. I'll update my details! 

Post: My First Investment Under Contract

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

@Kyle D. Long-term rental. I found a lender willing to do it 🙌

Post: App keeps crashing!

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

I can't even respond to anyone, the app just freezes them crashes. Troubleshooting not helping. 😞 

Post: Rookie Closing First Deal! Sharing My Success

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

@Cameron Braig Thank you, kind sir!

Post: Rookie Closing First Deal! Sharing My Success

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

@Jimil-Anne Linton Thanks! Our journey is just beginning and we will be doing great things

Post: My First Investment Under Contract

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

@Tyler Lauderdale The man that started it all! We're doing big things together, my friend. The journey is just beginning

Post: My First Investment Under Contract

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

@Mark Fries Thanks Mark! You've been great help and I look forward to working with you. Very responsive and great insight 👍 👏

Post: My First Investment Under Contract

Blake H.Posted
  • Investor
  • Santa Barbara, CA
  • Posts 76
  • Votes 67

@Kyle Smith Thanks for the mention! Another thing I learned is that if you offer above the appraisal price, you are obligated to pay out of pocket the difference between the appraisal price and the agreed upon price between buyer and seller. Want a deal breaker for me but could've been