All Forum Posts by: Brian Stone

Awesome posts guys!

Glenn Espinosa thank you for that awesome post, and thank you to everyone else that has posted in this thread. very comforting to know it will happen eventually.

Where did you find a mentor? At an REI meeting? I would LOVE to find a mentor. I have so much to learn and would be a great student you know?

OMG that's alot of money where will I get that much!!! I guess I just need to save?

I am such a newb. I understand that I need to purchase a property and to flip it is to buy at a certain price, rehab it, and then sell it at a higher price to make a profit. Wholesaling seems like a good idea, but being a middle man, I don't know anyone, no investors, no buyers, sellers, etc.

If you flip a house, don't you have to pay major taxes on your profits? Should I hire an attorney? I really want to get into this stuff but I feel so overwhelmed, I almost feel like I need someone to hold my hand through my first one.

I have no money at the time to even put down on a property. But then, if I buy a property, and there are no renters for a couple months, I end up eating a couple month's of the mortgage/rent that a renter would normally pay. How do you guys do it???

I'm not gonna cry about it I promise, but man it's frustratingly overwhelming lol

How much should I save for a downpayment for a property? I want to buy, let it appreciate while renting it out, then sell later I think, at first. But I have no money to start investing. So how much should I save up for my very first property deal?

Thank you for your reply. I have been reading the "your first deal" and man it has given me some major motivation and hope. I was wondering if I could ever get a property with no downpayment? After all, isn't investing about INVESTING money into something?

I'm confused because in the Real Estate Investing for Dummies (its a pretty good book) they say DON'T do no money down's ever. But I don't have any to put down now but maybe I could find something and rent it out? I don't know I'm just thinking out loud.

Thanks again, good hearing from you.

Hello everyone,

I'm Brian Stone from VA and I am just starting out in Real Estate Investing. As in, all I really have to offer is to be a student to those around me and learn as much as I can from books. I don't have anything to invest yet, but I want to learn what I can so I can be educated when I'm ready.

I want to get into Flipping, Wholesaling, and being a Landlord. I want to do single family properties, but maybe move into multi-family units one day.

I was referred here by a book "10 Commandments for Real Estate Investors" by Frank Gallinelli.

I was impressed by Ely Preston's books, but it seemed very hyped, so I am continuing to read what I can about investing in all areas real estate and even the market. I would like to be wealthy and educated. In Ely's books, you can something where you find a house for sale, not pay for it, but hold it up in contract, find an investor, and then as a middle man, do the sale between the seller and investor. Seems to have worked for him, but not sure how realistic that is for me.

I am married, have a son, and my wife is pregnant with our daughter who is due in May!

Anyway, hope to network with some of you here, everyone seems very nice and helpful.

Look forward to hearing back from you guys!

Brian Stone