All Forum Posts by: Brock Heppner

@Jonathan Barr that’s a good idea, it would have to be virtual because there aren’t many local meetups around here. I haven’t thought really at all about having a partner on a deal and is definitely something to explore! Thank you for the advice Jonathan.

@Will Fraser yes definitely no paid mentorship that is for sure something I know to stay away from. What I was more alluding to was just shadowing an investor and watching the process (and of course helping them out in some way I can in return).

You make a good point about if there’s already someone who knows how to do it all then might as well take advantage of that. I just wasn’t sure about how much of that an agent takes care of (or helps you out with maybe I should say) and what was placed solely on the investor. Also, I am not sure how agent fees typically work but I will look into that.

Thank you for your helpful response Will!

As a new aspiring investor my research has taught me a lot. Through this I have discovered that the most complicated part of real estate investing in the process of acquiring the property. From the point where you make an offer to the day you walk through the front door of your new property it seems to the untrained eye that there are a million things to be done from negotiations, contracts, titles, inspectors, agents and banks. This to me is the most intimidating part of getting into investing because it seems there are so many small mistakes that can be made that have a big impact on the performance of your new property.

The question I have is how a new investor can get more comfortable with this whole process and make it seem less scary? Is the only way to just buy a property? Maybe I should find a mentor to help show me the ropes? Or maybe just keep reading and listening?

@Elise Marquette thank you very much, I would’ve never known that!

@Elise Marquette I am in the process of getting a credit card right now and I just got out on as an authorized user of my parents credit card. As I understand what you’re saying is leave $15 of debt on the card every month or am I misunderstanding?

@Nick Lockard wow that is crazy good for you! Thank you for the insight.

@Elise Marquette thank you! Any tips on how to increase my credit score as I don’t really have much to it right now?

@Andrea Weule FHA seems the best the most popular one. Good point on the fees, I haven't thought much on that. Thank you for you input!

@Mack Benson thank you for the response this answers many of my questions and thank you for the resource! Would you recommend I bring someone with me to help me weigh my options or should I just jump in and trust myself.

@Bryan Noth I have been thinking I might now qualify but I do have potential co-signers. When you say connect with a local lender I think of banks. If I do not have a specific property in mind and I go in and meet with them about a loan and try and discuss my options my feeling is that they will not give me the time of day because I don’t actually have anything lined up. Maybe I am totally off on this as I do not have experience but your thoughts would be great. Thank you!