All Forum Posts by: Sawyer Burnett

@Shiloh Lundahl I will be there! Thanks for letting me know!

To conclude this post, I ended up letting my realtor know I'm looking for a more investor friendly partner. She was totally fine with it and understood my situation.  My lesson learned from this is that I should have just been honest with her from the get-go and resolved the situation earlier.

Being honest means that we may still work together in the future and I can send her leads in the future for personal residence inquiries.

@Chris Eley I'm confused. I thought you said this was your first flip? I guess you don't consider live-in flips to be flips?  I'd love to hear more from you about your live-in flips as I'm pursuing that strategy at the moment. Tired of renting but also don't want to be stuck with an expensive house for years.

Nice job! That sounds like an amazing first deal! Did you use hard money to fund the deal or did you have enough cash on hand? 

Full time software developer here. Have always wanted to start my business and have realized that instead of going for a unicorn startup, it is probably much more likely I'll create a successful business doing real estate.

Still struggling with that every day as I don't want to grind through the first x years of a real estate investing career only to regret not starting my own software company. Probably the best solution for me would be to invest in Real estate part time while eventually starting my own software company.

@Bob E. Are these usually once a month? I'd like to attend but I'm not sure if I can make tomorrow work.

@Mike Cumbie Thanks for the advice. As a new investor I am not going to be certain what I want immediately. That might be a bit foolish. Instead, I'm learning every day and with that certain things come up which change what I'm looking for. After the initial SFH search I have settled on MFHs and she is working with me on that now and doing a decent job. My main concern is if she is selling homes worth millions of dollars then she may not have the incentive to help me chase down deals when her commission will be tiny. You make a good point though that I should have her running all around town for different types of deals. I will be cognizant of that in the future.

@Colton Harris we definitely haven't signed any type of agreement, but she is under the impression I will only work for her at the moment.  I'm now realizing that may have been a mistake.  You're right that honesty is probably best and I should just let her know how I feel.  I really think I could be making better progress with a realtor that is hungry to help me out and teach me the industry.

@Jeff Schneider thanks for the advice.  I will try one last time to explain to her my goals and see if she gets it.  She definitely has good contacts, but maybe more in the luxury housing area which is way out of my price range as a beginner.

@Carlos Gonzalez Nice.  I wish I could find a deal like that right now! What is the cash flow looking like for you?

I've only seen a couple of the 400k properties in Mesa and I haven't investigated them that closely because the cash flow is not there ( <1% of purchase price ) .

Very interesting read. I prefer Scott's method of real estate investing and building cash flow rather than grinding for 10+ years with a high savings rate.  I think I'll probably do a mix of both to reduce risk. Index funds, Bonds, and Real estate.