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All Forum Posts by: Deahneece Ridgell

Deahneece Ridgell has started 2 posts and replied 12 times.

Post: Wholesaling in Tennessee

Deahneece RidgellPosted
  • Posts 12
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I found a listing and am going to use it to practice analyzing properties. It brought up a question though. The property description says that it may need to be torn down and rebuilt. As a wholesaler, how distressed is too distressed for a property? Or, is it dependent on the cash buyer?

COVID question, with the market downturn, am I supposed to be looking to flippers, landlords, or someone else as a cash buyer?

Post: New to Investing. Help?

Deahneece RidgellPosted
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@Thea Jenkins thanks!

Post: New to Investing. Help?

Deahneece RidgellPosted
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@Dena Puliatti good to know. Thank you!

Post: New to Investing. Help?

Deahneece RidgellPosted
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@Luke DeLaVergne. Ok thank you! I will look in that area as well

Post: New to Investing. Help?

Deahneece RidgellPosted
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@Brian Gerlach Thank you

Post: New to Investing. Help?

Deahneece RidgellPosted
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@Travis Frenchak thank you. Will do. She has to decide if she’s selling first then I’ll get numbers... after I make her aware that I’m interested

Post: New to Investing. Help?

Deahneece RidgellPosted
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@Antonio Cucciniello I see 🤔. Thank you. I was starting to come to that conclusion but hearing it was nice

Post: New to Investing. Help?

Deahneece RidgellPosted
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Originally posted by @Antonio Cucciniello:

Ok when you say your first buy, what does that mean? You found a property? 

In my opinion, its important to pick the strategy you want to start with first, and then from there, learn how to analyze a property using that strategy. BRRRRR is different from buy and hold, and that's different from wholesaling. The deal you might be looking at can be different based on which strategy is best.

Ok. That makes a lot of sense. And yes, I think so. My current landlord may be moving in 2021 and if she decides to sell I would like to buy it but am unsure of what to do with it past that or how to buy it as I don't have a down payment. I know there are ways though. It is a house with a basement apartment. I currently live in the basement apartment so I know the house and neighborhood.

Post: New to Investing. Help?

Deahneece RidgellPosted
  • Posts 12
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Originally posted by @Jonathan Greene:

You should never, ever pay for a coach or a mentor before you already have established some business. You can get all the knowledge to get your first deal going for free via podcasts, books, and local REI Zooms or in-person when COVID is safer. Too many new investors pay out for a course or a guru only to realize there is always another sell. Just make REI connections in you area, build friendships with other investors, agents, and real estate-adjacent people. In six months you will learn a ton and maybe only bought a couple virtual coffees.

Thank you. Does the "never, ever pay for a coach or a mentor before you already have established some business" apply to an REI membership fee? I reached out to my local REI group and it looks like I can attend meetings without the fee but the fee gives access to some "success programs" if I understood the email response correctly.

Post: New to Investing. Help?

Deahneece RidgellPosted
  • Posts 12
  • Votes 0
Originally posted by @Antonio Cucciniello:

Hey @Deahneece Ridgell! I would first clearly identify what you are looking for in a mentor. I mentor beginners and I help them get their first rental. 

Some people want to focus on more on wholesaling, or fixing and flipping. Each one may require a different mentor that can help you.

Ok. I am still researching which avenue I would like to take. So far I like the wholesaling, buy and hold, and BRRRR methods. I have my first buy in mind, I am just questioning if it is a good idea and am unsure what to do after.