All Forum Posts by: Carl Gorson

@J Scott,

         thank you. WOW. That definitely put things in a different and better light. Because of limited funds and the fact that, a personal interest definitely appeals to me, I believe a mentor is the way for me. I guess the fact that I don't think I have anyone in my life in that position that I know of, says that I need to start establishing new and specific relationships. thanks any other advice I would appreciate.

                                                                                                                                                                  Carl

Ken,

      Any other advice would be greatly appreciated. thanks again.

                                                                                                             Carl

Hey Ken,  

thanks for your reply. As you were saying, poke around BP. I've been at my research for about 3 month now, a short period of time I know. I do have a plan, subject to change, but this is my big picture plan. It goes like this. First I want to flip a couple of houses to establish a cash pool. I think my nature lends its self to flipping. i have a background in construction, which I enjoy and I had my own business back when. Fencing, wood, vinyl, ect. It seemed my need for perfection turned out to be a blessing in that business. I know it can be a curse as well. I will then approach SFH , employing the BRRRR method, and eventuly get into multi-family. I am taking your advice and getting deeper into the BP website and community. thanks

I feel like I have come to a place in my real estate education, where I have hit a wall. Scattering about Bigger Pockets and other publications out there trying to get as much information as I can. At first, all information was good information, and I felt that I had direction in my education. Now, I feel like I should be focusing in a specific direction and I am just not sure what it is. Every time I think " THIS IS WHERE TO GO " another 9 or 10 "THIS IS IT " options show up. I feel like now would be a very good time for a mentor. So, a few questions... 

1. What are somethings I should look for in a mentor?

2. Does it need to be someone in my area or can mentoring be done completely online?

3. Is it better to have the option to have face to face meetings? 

4. Do all mentors charge a fee or is it a I will help you when I can situation? 

5.  What might a mentor require of me if not a fee?

6. Do people have more than one mentor? 

7. How do I find a mentor that fits me and my needs? 

Thank you from another future house flipper, 

Carl

Hi all. My name is Carl and I am a newbie. I am trying to get an idea of how much money people are putting into their properties. I have done my research and applied some of the tools from BP, but am still seeking advice.  I know this is a very general question but I am looking for specifics. The properties I would like for you to are small B class property in a B class neighborhoods. The homes are ranchers approx. 960-1200 sq ft. They have 3 bedrooms 1 bathroom. The kitchens and bathrooms need a full remodels. I understand how varied your responses could be. I would appreciate all of your feedback to these parameters specifically and generally and anything that could be close to it. Your experiences and opinions are definitely valued as I am trying to close in on my numbers. Thanks for your help with my education. 

Hi Kevin I appreciate the reply. And as my schedule will have it, I actually could meet with you, if the logistics work out. Where are you located? I am in South Jersey , across the river from Philadelphia Airport.

Hey David, 

                  Thanks for the offer.  I'd would definitely be interested in meeting up with you. Unfortunately , I lent my private CH47 helicopter out for the weekend. But I'm sure I can figure out another mode of transportation. lol      given the opportunity to pick your brain , that would definitely be an action item I can cross off my list !

Hey big thanks Raul, James and Antoine ,for the welcome and comments. I remember reading a post and a HM lender said that , For a newbie he would put them on a "rookie program" at first, than traditional lending and then HML. after they knew what they were doing, So...what might that mean ? Rookie program ???? and then Traditional ? ....Any thoughts ?

Hi all. My name is Carl Gorson. I have been a member of BP for a few weeks now, though I have been crushing podcasts on you tube at 3 or 4 a day, for about a month and a half, as well as watching webinars. I am 54 years young and in my day job I build military helicopters for a living. I have recently come to realize that I want and need more in my life. After a thorough soul searching, I have realized that real estate investing is what I want to do full time. I have been wanting to do this since  was about 18 and never pulled the trigger. But life and circumstance have brought me to this point. I have had my own business in the past, so I have the entrepreneurial spirit, the drive to succeed, and a no fail attitude. 

My goal is to flip a few houses to establish a cash pool. Then I would like to buy and hold SFR, using the BRRRR method for cash flow, and possibly move into multi later down the line.

 So, I  have read the stories of people running the numbers on 20-30-100 ECT properties in order to establish their educational base and acquire some experience, I am all about this path, BUT... I've noticed there is no shortage of possible deals out there and I would like to be more educated in obtaining my finances, and getting them asap when the opportunity presents its self........ HARD MONEY  lending , is it different as a newbie ? 

great post y'all , thank you ,this is exactly the I was looking for