All Forum Posts by: Brian Lacey

@Adam: Thanks for the link for GS MLS ! That's definitely something I'll look into. How accurate do you think it is and how does it compare to actual MLS that realtors use?

Also, I would be interested in making a quick buck at least to start on single family homes. I am in it for the long run but just want something tangible to motivate me and keep me going. And yes NJ is competitive though it does seem vast from a real estate standpoint, I don't mind going anywhere in NJ. Are you a local to NJ? Do you have any specific tips? What kind of success have you had?

@James: Yes I definitely want to start listening to the podcasts. There's a lot of them though are there any specific ones you recommend applying too? Also, I was considering pro but do you think it's worth it? I'm not interested in the analyzer tool so much and that was one of the bigger things they touted in the webinar....

@Brian: Gotcha, yes I ordered a couple of J. Scott's books and started reading ( I got the one on buying and rehabbing and the one that actually shows you how to estimate rehabbing costs). Is there any particular books that you felt enlightened you the most or got you comfortable with the idea? Is there anything you would recommend in specific?

For me it's been a lot of podcasts, deep web dives and Google searches. The three podcasts in particular are:

1) http://www.passiverealestateinvesting.com/podcast/

2) http://www.cashflowsavvy.com/what-is-turnkey-real-...

3) http://joefairless.com/blog/

Cool thing, all 3 guys are on BP as well. It's nice to see the advice put into practice.

Podcasts are more convenient for me. Little chunks of time, make the information more digestible, and easier to comprehend.

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Hi fellow newbie,

I'm in a similar position. I'm not overwhelmed anymore, largely because of two things.

1) education; reading and podcasts have really cleared things up for me.

2) find a niche; there are plenty of investment strategies (just like Brandon outlined in the webinar- I attended as well; great stuff). Once you figure out if your niche, and area that you want to focus in on for these first couple properties, then study the hell out of that category. Whether it be multifamily, single-family, fix and flips, etc, plenty of resources in BP, and there seems to be a podcast for every aspect of real estate now as well.

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Originally posted by @Debrah Sarria:

Hello everybody, I am new in here. I am very interested in becoming a real estate investor. I have 8 years of experience doing short sales, and I just got my real estate license (Last July). After all these years working for investors, I decided that I want to purchase a small multi family (roughly 6 units); however, the thing the concerns me the most is "funding".... In other words I have no money, yet I want to be a real estate investor. I need some help PLEASE!!!!... Thank You!!!

One way to get started that I really like when I looked into it would be using an FHA loan, if possible for you, and purchasing a multifamily property, and being a live-in property manager.

Another thing to look into would be "creative financing".

https://www.biggerpockets.com/search?utf8=%E2%9C%9...

http://get.biggerpockets.com/nomoneydown/?utm_sour...

- Brandon's No Money Down/Creative Financing book

https://www.biggerpockets.com/search?utf8=%E2%9C%9...

A lot of real estate podcasts have been getting into "creative financing" as well. The two podcasts I've listened to, and learned more about this are The podcasts are "Passive Real Estate Investing" by Marco Santarelli, and "Turnkey Real Estate Investing" by Matt Theriault and these episodes feature Mercedes Torres as the stand-in host. Some great stuff. Here are the links:

http://www.passiverealestateinvesting.com/financin...

http://www.podcastchart.com/podcasts/turnkey-real-...

- Hope the links all work. If not, PM me, and I'll find other links for you.

2 Votes

All Forum Posts by: Brian Lacey

Brian Lacey has started 5 posts and replied 213 times.

Post: Overwhelmed Newbie! Where do I start?

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