All Forum Posts by: Michael Wegener

I have a new property in Cocoa Beach, FL. I plan to manage renters, but am in need of a reliable handyman since I am located out of town.

If you have a solid referral please let me know. Thanks!

A question to all of you out there listing for investors. What are your favorite/most creative ways to market/show the property? This really could go for any open house(not just flips), but I'm trying to think of unique ways to produce additional investor clients. One good conversational piece I've used at open house is to have either an album or place some 'before' pictures in the house. The potential buyers can see how much of the property is new and custom. It starts a lot of conversations. What are some of your ideas?

What mileage tracking apps do you all use? Why do you like that particular app? Thanks in advance!

Hello All,

I am beginning my journey into real estate and investment next month with my state's licensing course and exam. I already have a broker lined up. My mom has been the secretary for a broker for the past 30+ years. So, I grew up around the office, already have a positive relationship with the manager, and will be taking the licensing course at no cost.

I have spent my first 8 years out of college as a teacher. I have my master's and my principal certification. But I have realized that all the principals I know hate their life and are at school 24/7. I just had my first child and I know that isn't for me. Working for public education has also frustrated me to no end and I know I need out. My students are amazing and I love working with them, but other than that I have reached burnout.

My main question to those of you that have made the jump from a W-2 position, or to those of you that made the jump from part time to full time...when did you reach the point where you said "ok, it's time"? I realize that this will be different for everyone.

For me, being in education, my teaching contracts are for 1 year. So each April/May, the decision is either to go full time, or commit to another year in the classroom. When I reach May, if I chose to leave teaching, I would have approx 4-5 months expenses banked, about 2-3 months working real estate part time, and I have 1 client that already wants to buy and list with me, with 2 others potentially wanting to buy with me. I also have a wife, 9 month old, and a mortgage. I should add that I have the most supportive wife I could ever imagine and will be behind me 100%.

I'd love to hear your experience and advice. Thanks in advance for reading this book.

Thanks Megan Greathouse ! I wish I was available tonight, I'd definitely be there. I will watch for future meet ups. I'm looking forward to networking with investors in the area.

Hello all. I'm a newbie from St. Louis, Missouri. I'm a full-time teacher, but am beginning the process of getting into REI. I have done a ton of reading and research, I really am at the point where I want to get in the field a bit. If anyone in St. Louis would be willing to let me shadow a day, or let me pick your brain, I'd be willing repay with food, painting/small job work, manual labor, etc. I'm looking to be involved in fixing and flipping, with the hope of acquiring my real-estate license down the road. Thanks in advance!

Hello All-- I am currently a teacher and am working on my business plan I would like to implement this summer. I believe the first thing I want to do is get my real estate license. I think this would be very beneficial from the education side of investing. I want to gain as much knowledge as I can. I know I have a broker that would hire me. And since I do not have a large cash backing, I think it would be wise to do some work and earn money while learning before jumping into investing. What I would like to do is rehab/flip houses. My question has to do with a potential conflict of interest. I realize with a license, I have to be fully upfront about everything, which is fine. When it comes to buying properties to flip, can I be the buying agent and earn commission as well? And when I sell, can I be the listing agent? If not, I have a very trustworthy agent friend that could handle it for me, while negotiating a cut of the commission. I'm trying to get this as clear as I can. I would like to have a solid, detailed business plan I can keep with me to show any potential private investors. Thank you for your help! Mike

Hello all, my name is Mike. I am looking for a way to get into real estate investing. This is something I have been wanting to do for a long time. I have been reading everything available on every topic...books, blogs, etc. This website is amazing and full of discussions and advice on everything imaginable. 

My main question is about the best way to get started without having a lot of money saved.    I am not in debt, I just don't have a lot saved. I am in a unique situation where now would be the best time for me to go for it.  I recently moved back to St. Louis and I am a teacher. I will be getting married in a little over a year.  What I want, more than anything is to be in business for myself.  I would like to use this next year to start building my business before getting married. My school year ends in a month and I will continue getting paid for two months beyond that while not working the summer. That would give me a chance to do this full time while having a paycheck as well.

I would love to know how many of you got a start without having a lot saved and at what point you decided to just go for it.  I figure at no time will I feel fully prepared and educated and just need to take action.

Thanks you for your time and advice!

Mike