All Forum Posts by: Darlynn Bailey

@Wayne Brooks

  what Wayne said I got pitched it by a guy I know here in Oregon who is a big ACN addict and other MLM  he is also a RE broker.  you would do better spending 40k at a guru seminar  LOL

@Darlynn Bailey

 Welcome to BP.  

You made a great decision by joining this site.  There is no need to spend big bucks on some guru.  Just connect with other investors on this site and start asking questions.  Everyone is here to help.  Read the ultimate beginners guide to real estate investing. It is free and can be found on this site. Also, listen to the podcasts and become active in the forums.

Hey there @Darlynn Bailey! Welcome to BP and thanks for introducing yourself to the community. I'm real close by, here in Woodland Hills. It's nice to see another local here on the site.

Good luck with your prepping for the exam, see you around the site!

In my previous job in hospital management I used Microsoft Office: Excel, Power Point, Access, and Word. I also had secretarial support and IT department support. Now, the only software programs I use for my residential rental property business are MS Word, Quicken and iPhoto. My husband is my IT support for when the internet connection, computer or fax machine act up. I hire the services of professionals for tax preparation and legal. I see it as a matter of scale. We only own and manage 15 units. If we were big business, I would hire the skills of others who could provide me with the data I needed. Some software programs have more bells and whistles than necessary and the learning curve on some of them is more than I'm willing to suffer through. :-)  I also hate to feed the kitty to upgrade to the newest versions. My skills are better utilized in the interpersonal aspects of this business and in using the minimum tools necessary to get the job done. Also, tedious tasks aren't so tedious when you can be listening to BP podcasts at the same time!

Keeping track of the financials.  My job has me busy enough.  Adding the books to my workload sucks.

I am glad I read through some of the forums on this Topic before I asked the same question @Darlynn Bailey. Its good to know what tasks people do need help automating. I was in Real Estate for about 5 years doing Field Service work, but ended up starting a company that Automates Business Processes for Real Estate Companies and Field Servicers. This was mainly because when we did start scaling up our business it was difficult to keep track of all the properties and the bits of important information concerning each. If anyone wants to find out about our service let me know. Our Website is: http://paradigmrpa.com//

That's a great question that I've also been thinking as a newbie. @Darlynn Bailey 

I'm sure an Excel spreadsheet program is somewhere in the mix. I'm curious to know!

You'll want to research lenders first, in my opinion. Introduce yourself to a couple good ones - ask for references at your local investor meetings.

Talk to them about what you are planning to do, get information about their requirements and rates. Then go find some deals you want to present to them for funding.

Good luck!