All Forum Posts by: Brittany Goree

@Mehgan Moore thats a great idea! Thank you! This is a rookie question, but when you get the heloc does it make your mortgage payment more expensive or does it act as a separate line of credit all together?

Im fairly new to all of this real estate investing but have been researching for almost a year and have been on BP for about a month. I think I can get some capital to start my first deal through my home I own with a HELOC. Any advice or suggestions on how to go about getting this started? Should i go through the bank my mortgage is through?

@Weston Couch No but I'm not sure what type of professional to turn to. I would love for some more insight on the best way to start custom to our situation. What kind of professional would you suggest?

My brother-in-law and I have been talking about starting up our real estate business for about a year now. He's been a sub contractor for years and is finally about to get his license and be in business for himself. He can basically build a house from the ground up. Awhile ago I proposed the idea to him of him fixing all the houses I invest in and I splitting the profits 50/50. The goal being us merging two businesses together and being equal partners. He's so knowledgeable on the repair side and I'm more interested on the real estate/business end so we thought partnering together could be a beautiful thing. I'm just not sure what the first step should be. I no we need to gain capital, but not sure where to start. Has anyone done anything similar to this and if so what advice can you give me on our first step. I'm such a passionate and ambitious person, and I never do things like this unless I'm dead serious about it. I'm willing to put the work, the time, and the commitment and once I take that first step I know I can start rolling.

@Clifford R Fowles where did you find that? That's awesome!!

@Patrick Perez that's a great suggestion. Thank you so much. I will try to look into something in Springfield. That's a little closer to my market!

@Patrick Perez thank you very much. I'm definitely trying to reach out to my community. Id much rather have someone real i can touch and feel to mentor me or at least be a source for questions. As i mentioned above, its not a huge town I live in, so i think that's been my struggle.

@Kenneth Garrett thank you so much. I've been doing a lot of googling and hoping I can attend something local. I'm in camdenton Missouri, just outside of the lake of the Ozarks. Other than it being a tourists destination, it's kind of a small town. It looks like kansas city, MO would be the only area in my state, at least that I can research. I guess that's why I originally considered more of a digital mentorship since my area isn't necessarily the hotspot for a Real Estate Investors. I don't want to ask too many newbie questions, but would maybe contacting some realtor friends of mine have some connections? Or do realtors hate when people ask for the investor side of Real Estate?

I'm anxious to start my real estate business partnering with my brother-in-law. We recently attended a three-day Workshop hosted by Fortune Builders. We learned a lot of valuable information and took a lot from it. Of course they were selling us a package to make us successful in the business. Although I know it's a sales pitch, I'm still humble enough to know we are such beginners and would benefit from mentorship. Obviously I'm not going to pay 30 to $50,000 for their mentorship but they offer smaller packages. One of their team members I've been emailing back and forth with about getting mentorship on wholesaling to raise capital. I feel like learning how to successfully wholesale is a good foundation of real estate and will give us a good start on at least understanding more about the business. Although it's a lot smaller price than $50,000, it's still a $500 investment they want us to make to partner with them for 3 months. Does this sound like a good idea to get a little mentorship? I'm very serious about starting up and my brother-in-law is as well, but if my $500 could be spent towards my business in a more effective way I would rather do that as well. I just know anybody successful out there almost always seem to have some type of mentor. If I knew someone in my own local market who I could apprenticeship under I would much rather do that. But I have yet to meet or reach out to anyone in my area. I'm very much a planner and never do anything on a whim, so I'm trying to start this off with guidance so I don't get us in trouble we're in over our heads. Any thoughts or advice would be very much appreciated