All Forum Posts by: Brianna SJ Morgan

Quote from @Brianna SJ Morgan:

Quote from @Eliott Elias:

This post also shows the power of ChatGPT. Amazing.

 It is an absolutely powerful tool!

Why thank you. It's all original work from my 30 years of being a successful (and sometimes not) real estate investor. But, I always teach it like it really is and my students have made millions by following the solid real estate investment Creative Fiancing that I teach. 

This post also shows the power of ChatGPT. Amazing.

Welcome to the BP family @Brianna SJ Morgan ! Glad you joined the best real estate investing website!

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

Good luck on everything!

You want to get started in real estate but not sure where to begin?

I brainstormed a list and added summaries to each point. I ranked this list in terms of difficulty which I'm defining as the big 3: Time, capital and labor. This means that things that fall earlier on the list would be more suitable for if you're newer to the game and have less time, money, skill and experience and those that fall later on in the list would be considerations likely more suited for the established players or those with more resources at their disposal.

Essential:

1.    Real Estate Writing and Content Creation
•  Producing informative content like articles, blogs, videos, or podcasts related to real estate topics for educational and engagement   purposes.
2.    Real Estate Photography and Marketing
•  Providing visual marketing services to make properties appealing, including photography, videography, and digital content.
3.    Real Estate Education
•  Sharing your knowledge and expertise through teaching real estate courses, workshops, or seminars to aspiring investors or agents.
4.    Real Estate Appraisal
•  Evaluating the value of properties for various purposes such as mortgages, sales, or tax assessments through comprehensive analysis.
5.    Property Research and Analysis
•  Offering market research, data analysis, and property valuations to investors and real estate professionals for informed decision-making.

Advanced:

1. Real Estate Wholesaling
• Contracting properties at a lower price and assigning the contract to another buyer for a fee, often involving distressed properties.
2. Real Estate Consultancy
• Providing advice and guidance to clients on property investment strategies, market trends, and portfolio management.
3. Real Estate Agent
• Becoming a licensed professional to assist clients in buying, selling, or renting properties and earning commissions.
4. Property Management
• Managing properties on behalf of owners, handling maintenance, tenant issues, and rent collection for a recurring income.
5. Real Estate Broker
• Advancing from an agent to oversee and manage a brokerage, including agents and their transactions.
6. Real Estate REITs
• Investing in Real Estate Investment Trusts, publicly traded companies owning or financing income-generating real estate.
7. Real Estate Crowdfunding
• Investing smaller amounts alongside others in pooled funds to finance larger real estate projects through online platforms.

Expert:

1. Real Estate Flipping
• Purchasing distressed properties, renovating them, and reselling for profit, requiring market insights and renovation skills.
2. Residential Real Estate (Buying and Selling)
• Buying and selling single-family homes, condos, townhouses, etc., for profit.
3. Real Estate Investor (Buy and Hold)
• Purchasing properties as investments to generate rental income or capital appreciation, with various strategies like buy and hold.
4. Commercial Real Estate (Leasing)
• Investing in or leasing commercial properties like office buildings, retail spaces, and warehouses to businesses.
5. Commercial Real Estate (Investing)
• Investing in income-generating commercial properties, requiring a deep understanding of the commercial real estate market.
6. Real Estate Finance and Mortgage Brokering
   
• Assisting buyers in securing loans and mortgages for property purchases, necessitating knowledge of lending options and regulations.

Elite:

1. Real Estate Syndication
• Forming partnerships with other investors to collectively purchase and manage properties, sharing profits and risks.
2. Real Estate Law and Legal Services
• Specializing in legal matters related to real estate transactions, contracts, and disputes, requiring expertise in real estate law.
3. Real Estate Developer
   • Acquiring land and developing properties for profit, involving construction, project management, and financing.

If you liked this and got value out of it I'd be glad to make a second article or engage in conversation about specific business ideas and resources that can help you on each topic. Let me know by upvoting or commenting any routes you've taken or plan to take in your journey that I missed. 

With Discipline,

Josh

List of Teaching - what you should know

New people ask all the time, "What now? and "How do I Do This . . ."and they Say, “I have Analysis Paralysis" and "I’m Just Getting into Real Estate" and "How Do I get Started" and so on. Two people just PM’d me specifically on those types of questions. 

How do you know what questions to ask? So, here’s the answer

You Start at the beginning and ask what your goal is.

Real estate only consists of a few components. 

1. Time 2. Money 3. Knowledge 4. Execution - 

You can learn all of it (almost for free) if you dedicate enough time to the process. You can speed up the time considerably (that takes money) by having someone take you hand in hand all the way to the purchasing and managing of properties. But ultimately, you are the one that has to execute the plan.

It's all about the "Time Value of Money" and "Missed Opportunities" and "Getting Started". What is Your Future Worth?

Since most people starting out don’t have the real estate vocabulary, I’ve taken the subjects that I teach and listed them here. You don’t have to do all of these, but you do need to do quite a few to become a roaring success in real estate investing. 

Ask whoever is going to teach you if they cover the Following and find a better teacher, if they don’t. Now, go buy some properties!

Subject To Finding Sellers Structuring Negotiating Contracts Processes Structure Paperwork Agreements Disclosures Pitfalls Recording Escrow Due On Sale                              Insurance .	Marketing Mailers KPIs Skiptracing SMS County Records Scripts Cold Calls Meetups Charts Tracking Leads	Comps ARV Redfin Zillow Realtor Propstream MLS How To Comp
Wholesaling Acquisitions Dispositions Assignments Finding Sellers Finding Buyers Contracts How Transaction Flows Problems Solutions	Seller Financing Finding Sellers Contracts Processes Structure Paperwork Agreements Disclosures Pitfalls	Financing HML Private Money Gap Funding Bridge Loans Credit Bank Lending SDIRA / 401(K)
Exit Strategies Lease Options Land Contracts Wraps STRs Rentals Residence	Fix & Flips Contractors Inspections Zoning Permits Best Use	Probate Paperwork Process What to expect Timeline Personal Representative Buying Properties Marketing
Lease Options Finding Buyers Structuring Negotiating Contracts Processes Structure Paperwork Agreements Disclosures Pitfalls Recording Escrow Insurance Setting Prices .	Pre-Foreclosures Pre-Foreclosure Websites Marketing Methods Contracts Prcesses Legal Sources Problems Solutions	Analysis Paralysis Getting Started Deciding Direction Local Vs Out of State Having A Website Selecting A Market Neighborhoods Crime
Buying a Property Location Type Exit Strategy Mortgage Maintenance Escrow Sources Good Deal Comps Contracts Negotiating Making Offers	Rentals Landlord Rent Rates Rental Checklist Rentometer Tenants Security Cap Ex Reserves Maintenance Taxes	STRs Acquiring Location Financing Numbers Furnishing Cleaning Permits AirBNB VRBO Atmosphere Vacation Travel Biz
MLS Dealing With Agents Leads What To Look For Expireds Limitations	Buying – General Negotiations Appraisals Contracts Escrow	Title Escrow Insurance Closing Liens
Multifamily Cap Rates Cash Flow C On C Locating Inspections Rent Rolls	Joint Ventures Partners Partnerships Joint LLCs What To Know What To Avoid Set Up Goal	Spreadsheets Figuring Deals Tracking Leads Sorting Data Creating Labels
Systems & Procedures Procedures Resources Hired Help Finance Team Goals	Taxes 1031 Exchange Depreciation Dealer Status Investor Status	Asset Protection LLCs Operating Agreements Insurance
Deeds Contracts Ownership Transfer	Land Locating Selling Acreage Tax Deeds	Legal Lawsuits Things To Avoid Attorneys
Lending Becoming a lender Contracts Notes Deeds Assignments Performing Non-Performing Notes	Wraps Contracts Payments Payoffs Insurance	REOs (Bank Owned) Short Sales Auctions Videos Best Basics Sources

Welcome to BiggerPockets Brianna!

@Brianna SJ Morgan welcome to BP - i am also from MI and will gladly help you in anyway i can