All Forum Posts by: Chelsea Broersma

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@Travis Biziorek Have.. fun? :) (is that the right way to say it? I mean, I hope that everyone gets some level of "fun" out of this business, regardless of level of experience)

@Travis Biziorek Makes sense. Thank you. I hope the tax auction goes well for you. I don't know enough about them yet.

Thank you for everyone's input. I have steered away from that category. I'd love to see Detroit grow back to what it once was, but not at the expense of my sanity at the moment.

There are a number of 1-5k homes for sale in Detroit, MI. So they need a complete renovation from top to bottom. Some have fire damage, as well as a million other things wrong with them.

What I am wondering is if there are even investors who would want to deal with them? Is it even worth it to me to buy a place for 1-2k?

@Clint Shelley The confidence is definitely the part I am working on the most. I've never been in a position where I needed to market or network in order to succeed. For me, that is something I have difficulty with. So I'm working on attending events in my area to become more comfortable. Even if I don't talk to anyone, just being in the atmosphere, I feel, will eventually help me to speak up and make some friends, network, and find partners for future endeavors.

Any other newbies out there who feel like they are totally faking it at the beginning? 

I found a property on realtor.com and decided to dip my toes in the water by putting in an offer that was far below asking price, but fit the financial criteria for wholesaling. The property has also been on the site for 160 days.

I really didn't/don't plan on anything coming of it, but I did it so I could feel what it felt like to take the step.

Now I have a couple calls coming in, but I feel like the words coming out of my mouth are completely fake, and that I have little to no idea what I am talking about. 

Does anyone else feel like that? Or did you when you first started?

@Jazmine Bryant Glad to know I am not the only one! :) How did you end up obtaining a partner, if you don't mind my asking? I am signed up for a few meetups in my area for next week, and hope to network quite a bit through that and online connections, such as BP as well. Sounds like you have a great business plan put together. What got you into wholesaling? Considering it's such a controversial "RE guru" concept/debate around this industry. I mean, I'm willing to put in the work involved (though the whole marketing piece I am struggling with figuring out the "right" plan to pursue). To open a whole other can of worms, I'm also planning to obtain my RE license. As a newbie, I feel like it would be of benefit. Maybe not for a RE veteran, but I feel like the information and networking and resources could end up being priceless, for me at least.

@Jazmine Bryant Hi back! Thank you for taking the time to reply. Congratulations on working on your own ent & small business degree! It definitely sounds like something I will want to pursue then. For me, I also feel like the structure of a degree program, especially in ent & small business, would help me alongside studying everything I can about real estate. Right now, even with all the resources that BP provides, I feel a bit lost in all the knowledge/expertise available to me. 

I started out with the idea for wholesaling (yes, simply because I have very little capital to work with right now) and wholetaling (I love the idea of doing some work on a property to make it more presentable being selling it to a fix & flip specialist). But I'm unsure as to whether that really would be a good route to go starting out. Seems like a lot of people have said that's actually one of the more difficult places to begin.

There's so much to learn, I'm starting to feel like a neurotic sponge at this point! 

Hey guys, thank you for stopping by to read this. For one, I am a complete newbie regarding real estate. But on to the topic of my post. I am a Navy Veteran and I still have about a year left of paid schooling as well as a monthly housing stipend available to me to use. I am debating on attending my local community college here by Detroit and getting my ABA in Entrepreneurship and Small Business Management. I am also looking at getting my real estate agent license as well. For those of you that have been in the industry for a while, do you think that would be a good idea? Would that greatly enhance my ability/knowledge/skillset in order to prosper in the realm of real estate? Or are there better options out there? 

Thank you for any/all replies/comments/advice you are able to provide.