All Forum Posts by: Carrie Hallensleben

Hello and Merry Christmas,

I wonder if you have read any of the posts (or book) about investing with no or low money down by Brandon? I listened to the podcast but don't have the book yet. It sounds like if you are willing to think creatively and network you can get into REI sooner than you think. Partnering with someone and learning more about the field with a mentor may be a good way to break in...

Good luck!

Carrie

@myeisha green

That's great! We lived in midtown several years and are now up north. I used to teach at a charter school in the urban core. It's great that you already have experience with the managing properties in the area you are investing in. Good luck with your path! 

Are you still coordinating meet ups? We'd love to connect with others in KC. We are new to the field and have one property so far. Looking to learn and network. 

Thanks, Carrie

Thanks Elizabeth! I love learning so this is a great site for me. 

@JesseWaters 

I hope I'm using the @ sign correctly! 

Thank you Jesse for all the info. I will print it and bring to share with the lawyer in working toward getting the LLC and protecting ourselves. When you say a bunch of properties on your credit, do you mean for which we got personal mortgages for? This townhouse we just did, we are refinancing and taking out some of the equity but the mortgage is in both of our names. I've never heard of a blanket loan to an LLC but I'll try to figure that out too.

Really appreciate you input!! We are so green...

Thanks for the responses.

Hello, 

My husband and I are new to the world of real estate although he has been involved in renovation projects for over ten years more as a hobby and as side jobs. We both are teachers in the Kansas City Area and my husband, Thomas, with a MA rather than a PhD has found it VERY difficult to secure a stable position in academia. He is an adjunct professor with no benefits or retirement. Sooo... we finally decided to take our future into our own hands and take advantage of his love for building and remodeling. 

We were able to use equity in our own home and buy a bank owned townhouse last April. We got it for a good price and Thomas tore everything out from the pink & blue carpet, blue laminate counter tops, lavender wallpaper and 1980's appliances to be replaced with stainless steel, granite countertops throughout, new flooring etc. It was a LOOONG process and a great learning experience for us. I'll attach a link to my youtube marketing video. We were able to rent it for $1250 and had several interested parties. 

https://www.youtube.com/watch?v=7-ecI3yIMiE 

So now...we want to turn this exciting prospect into more of a career. We are both extremely grateful for Bigger Pockets which I came across while in the mist of renovations. The podcasts are so interesting. We would love some advice for the future. We are lining up funds to buy another property. We want to start an LLC and have contacted a lawyer friend to help us with that. We are thinking buying and flipping the next one would be smarter so that we have more money to move forward on this path.

I'm wondering if getting into property management might be worthwhile for Thomas. He's also thinking of cutting back on teaching as much and getting his general contractor license or a real estate license. We heard a great podcast just last week by an investor in our area and hope to make contact with him or someone else to help influence our learning curve. We'd just love to hear more about what you might think would be the next smart steps for us.

I know this was a long one. Thanks for reading and responding,

Carrie