All Forum Posts by: Danielle Jones

First you have to start and register a business, set up a business bank account, register business with Dun and Bradstreet to have them monitor your business transactions with vendors and creditors.

Good Luck.

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Welcome to BiggerPockets. The Facebook of Real Estate Investing Channels

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Welcome to BiggerPockets. Congrats on your first step to a fab future. This website is amazing with the amount of information that is provided via books, forums, podcast, and blogs. Everything that you need to know is at your finger tip. Be sure that on your real estate investing journey you share your story of your ups and downs.

good luck and happy investing

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Welcome Walter to BiggerPockets. This website is the meca of the real estate world and it is all almost free. Take advantage of the books recommendations, podcast and forums.

Don't be too shy to ask a question. But search the site first. I am in Newport News and would love to connect and network with you.

Education and networking is the name of this Game.

Good luck and happy investing!!!!

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welcome to BiggerPockets. You can learn so much just by asking a question, reading the forum and definitely take advantage of the reading materials. Im in Hampton Roads VA always looking to network and connect.

Good Luck and cant wait to see your success.

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welcome tp BiggerPocket.

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hello and welcpme to BiggerPockets. I currently reside in Newport News. You made the first step and that is joining this great website. Networking with people as well as education will help you on your journey to real estate success. There is a free ebook on flipping and investing and how to estimate repair. It also helps to know what part of investing you want to do and dominate it.

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People fear what they dont understand, hate what they cant conquor.

There are people who want to take risk and those who dont. getting into real estate investing is a risk. Forget the nah sayers because those are usually the people who are to scare to rock the boat or make a change in their situation. In my opinion anyway.

My sister who works in accounting for the government said that i shouldnt get into house flipping because the real estate market is unstable. But not knowing all aspect and channel of investing is what lead to her assumption.

Bottom line: Forget the negative and keep moving forward. If this is something that you feel you are prepare to do put your all in to it so you won't fail.

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WELCOME TO BIGGERPOCKETS.

I think if you don't know anything about anything jumping into flipping may not be the best idea. Definitely educate yourself. Download the free e-book here and get to know people in your area of interest. Start from the bottom because the faster you try and jump into it the faster you will fail.

IF YOU FAIL TO PLAN, YOU PLAN TO FAIL.'

I am trying to utilize this quote in my daily personal and professional life. Would love to connect with you and network.

Again, welcome

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Originally posted by @Alex Applebee:

Averaging price per square foot is not a good way to go. Also know that this is something SOME realtors try and use to beat you down on your price when selling. It isn't an accurate way to calculate values, and it isn't really the main factor in appraisals.

One realtor tried to use this to justify a sales price of 190k on my first project. He told me how my place was so overpriced and would not sell at list price, nor would it appraise. I however knew the comps and what the property was worth, and sold it for the list price of 210k, backed by not one, but TWO FHA appraisals (due to selling the property for more than twice what we bought it for.) MLS is the way to go. I got my realtor license specifically for this. I have no interest in being a realtor, but I like saving 6%, doing my own comps, and walking through other properties on the market at the same time as mine. This lets me see my competition, and what is really a comp and what is not (magic of a good photographer hides a LOT.)

I am only on my second project, but I have no idea how or why people do this without getting your license. Too many realtors out there are full of hot air and will tell you whatever you want to hear, or whatever their client wants to hear when beating you up on price. I like having my own REAL numbers to help me stand my ground.

Good luck!

I can appreciate this comment because I felt that way with a couple of realtors I have been working with. Especially being a new rehabber, sometimes people cant see your vision. I guess going into the rehab aspect of investing, having a license is preparing for this game.

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All Forum Posts by: Danielle Jones

Danielle Jones has started 16 posts and replied 81 times.

Post: Building Business Credit

Post: New to Bigger Pockets, Not to Investing

Post: Newbie from Northern Virginia

Post: New member- Norfolk Va

Post: New member

Post: New to the forum from Virginia

Post: New REI out of Hampton Roads, Virginia.

Post: Not so Friendly Advice

Post: New From Greenbelt, MD

Post: ARV