All Forum Posts by: Casey Stuebs

I have read a lot about a 1031 talking about like properties. Well a flip and a rental are both investments but one would be a SFR and one would be a multi-unit rental. Is this possible?

Thanks!

Hey Dhillon, your ambition is awesome! I think the advice above is key, keep learning and build capital. Listen to the Podcast! One episode I recently listened to was talking about mentors and adding value to them. Why would a successful investor want to spend the time with you. When you take questions to them have you put thought into that question, are you showing them that you are implementing what you have been taught by them. In the PC I am thinking of, (sorry I can't remember which episode specifically) they mention someone who would use verbage like you have isn't worth their time. They said they wouldn't work with someone who needs their hand held, they aren't looking for a mentor they are looking for a parent.

"Someone to mentor, coach, and walk me through everything."

I am not trying to be a dick, just honest. I don't think a busy investor will want to walk you through everything. I am in a similar situation as you, being a newbie except I am 29 so you are a decade ahead of me! Keep up the good work! My only advice is make sure you are adding value to your potential mentors (Michelle mentioned volunteering for an investor). You could also just ask a potential mentor if their is anything you can do to help them, they might just put you to work.

Best of luck and welcome to BP!

http://www.biggerpockets.com/renewsblog/2014/09/25...

Hey I don't have any personal experience to give you, but I do remember hearing something relating to your question in a recent podcast. The link is below. I remember him talking about when you need someone for something just start calling people in that field. Ask them questions and you are bound to find what you need. I think this is a good exercise to start taking action as well. Now I don't know if he mentioned if you need an attorney prior to your deal but I think it will give you a good idea on how to find them when you need them. 

It is my non-professional opinion that you wouldn't need them until you have that issue. I imagine any attorney is going to want money when you occupy their time. If you need an attorney to write a legal contract for you then yes you might need to hire one. But if you are just buying a property I believe a realtor will provide necessary documents. If you were to rent your property to someone I bet you could find a lawyer who has a general lease agreement that you can have them alter if you have specific needs.

Other than that, I hope someone with more knowledge and experience provides you some insight as well.

Best of luck!

@Josh Caldwell

 Thanks for your input! 

@Andrew WestI'm glad you came, it was good to meet and chat with you. Definitely let me know about that other meeting, I would love to check it out!

@andrew west 

I have heard many mentions about checking out a local REI group. I took action and attended one tonight along with a friend I met here on BP. It was a great experience, I met a handful of new people and heard some of their stories which we all could learn from.

I also hear Josh and Brandon always talk about staying away from gurus who charge a ton of money for their services. I wasn't sure what to expect coming into this meeting. If it would be straight networking, someone speaking or someone possibly arranging the meetup to sell their service. Well, it was a little bit of each I believe. I did get to network and meet a bunch of people who have made more progress than me in the industry which was awesome! There also was a guy who was the main speaker talking about different strategies he used and he had mentioned he does coaching a couple times. No hard sell or anything like that but it was clear to me he did offer pay for services. He also talked about building a network of people who work together which I really liked and will happen regardless of the paid for services. He did rag on the big gurus who charge so much and don't really help you get anywhere. He said his coaching is different in the aspect where people come in with basic knowledge and he will help find a deal and walk you through the whole process.

My two questions are, is there a time where it might be appropriate to pay a coach for something like that? 2nd, what does a successful REI meeting look like to you?

Thanks for the feed back!

Welcome to Bigger Pockets Romy! There is tons of information on here to learn from! I love using the search bar because I can find so many things on the specific topic I am trying to learn about!

Welcome Andrew and hello @Lisa TroxelI am near you two over in Spokane. I am also new-ish to BP and definitely to REI. If you are interested there is a REI meetup tomorrow night in Spokane I will be attending. It will be my first meeting like this. I have seen a few people mention checking them out so I am following their advice!

Here is a link if you have any questions let me know! 

http://www.meetup.com/Next-Gen-REI-Club/events/222833891/

@Paul Timminsfor posting your question!