All Forum Posts by: David Nemrow

Felix,

I feel you. I'm in the same boat.  Right now, I'm trying to go to plenty of meetups with investors and try to surround myself with those you do it.  Along with reading BP books, maybe osmosis will occur and I'll do something drastic like actually doing something.  Remind me in a couple of months, and I'll let you know where I'm at.

Right now, I don't feel educated enough.  How to underwrite effectively, estimate rehab, how to back up assumptions. A lot of that is answered with my needing to read a lot and practicing underwriting.  I really think that using the BP calculator would be best, but I need to commit to the payment - which would only happen if I understood the following steps.

Next (And I think this is key for me) is figuring out how to source the capital, since I wouldn't be unable to do it myself.  The bank account ain't what it used to be.  If I knew this process, I think it would be only a matter of time.

Next is to have the wife onboard...to be honest, this may be harder than I'm thinking.

In SUMMARY:

1) Having the underwriting down pat

2) Knowing where that money comes from

3 SO agreement

Hey Chad,

In the same bucket as you, my friend.  Hopefully we can meet at discuss our challenges in coming meetups.

Good luck!

Hello BiggerPockets people,

I'm 32 years old, working in Newport Beach, CA as a commercial real estate acquisition/asset management analyst.  Out of college, I started my career as a CPA working in one of the Big 4 national accounting firms, but I ultimately disliked providing information/support to the decision makers.  I wanted to be the decision maker!  It has been difficult to pivot my career into the path of my passion, being real estate investing.  I love working with the team I'm on now, analyzing and managing large real estate deals. 

What I feel missing in my life though is this: although I am doing what I love, I'm still not the one really owning the deal.  You see, I work on various REITs where people invest there moneys. I, along with my team, help these people achieve desired returns through our real estate investing decisions.  I guess what I'm saying is that I want to make these decisions for my own returns, not for someone else's.  I love analyzing deals, and being able to make investments work.  Its like magic to me.

It is my hope that as I educate myself, listen to the podcasts, read tons of books and continue to chime in the Forums that I'll be able to do this on a personal level; to get the personal returns, and make the personal magic.

Let me know if you have similar passions, and maybe we can think of ways to push each other along.

Thanks,

I work in the exact building!  I'll walk on over and join in.  On the day-to-day I work for KBS with their Value-Add REITs, but I really want to get into the business on a personal level. Doing a lot of preliminary research before I can dive in, but would love to hear ideas and experiences.