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All Forum Posts by: Dustin Rhodes

Dustin Rhodes has started 3 posts and replied 13 times.

Post: New member in Tulsa Oklahoma

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1

Welcome! This is a very beneficial website with endless amounts of information and resources.  Most everyone I have encountered through this network has been of assistance in one way or another.

Best of luck! 

Dustin Rhodes

Post: NE Oklahoma REI Resource List

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1

I think this is a great idea, Jeff. Looking forward to the recommendations from others and also hope to contribute some reputable names/ resources as well. 

Post: How many deals should a newbie analyze prior to investing?

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1
I appreciate the suggestion on the book and thank you for the advice on sticking to one area!  

Originally posted by @Alina Trigub:

@Dustin Rhodes Congratulations on taking the first step towards building your wealth and educating yourself. You've got a ton of valuable feedback/responses to your questions, especially from @Joe Villeneuve . One other important aspect I want to mention is to stick to one thing in your RE journey until you learn it inside out. In other words, until you get fully comfortable with your analysis of small multi's, don't rush into other areas of real estate until you learn this one. If you're having hard time concentrating, I suggest you read "One thing" by famous Gary Keller (of KW).

Best!

Post: How many deals should a newbie analyze prior to investing?

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1
I appreciate the input Joe! I am certainly in no rush to generate my passive income, as I am investing myself into real estate for the long haul. But, I do understand your advice on generating faster cash to invest into more buy and hold properties which is something I will consider earlier on. 
Originally posted by @Joe Villeneuve:
Originally posted by @Dustin Rhodes:

Thank you all for the quick responses! 

I suppose a little more specificity on what I am planning on investing in would have cleared up things better. 

I am primarily looking into investing into buy and hold rental properties to begin with, which includes SFRs and small multifamily properties, such as duplexes. Gradually building up monthly cash flow to eventually match, and surpass my regular day to day career. 

 Starting with buy/holds will take forever to get where you want to be.  As you do more "practice" you'll realize how long that will take.  The faster way would be to flip your cash (or cash like substances) into larger cash, then use the profits (after you've grown your seed money) ONLY to buy your hold properties.  This way, the larger seed money/cash will continue to generate flip profits...and will be the source for all your buy/holds

Post: How many deals should a newbie analyze prior to investing?

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1

Thank you all for the quick responses! 

I suppose a little more specificity on what I am planning on investing in would have cleared up things better. 

I am primarily looking into investing into buy and hold rental properties to begin with, which includes SFRs and small multifamily properties, such as duplexes. Gradually building up monthly cash flow to eventually match, and surpass my regular day to day career. 

Post: How many deals should a newbie analyze prior to investing?

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1

I am a newbie real estate investor, and I have been educating myself for the last couple of months. Listening to podcasts daily, reading real estate related articles every day, real estate books, connecting and networking with local investors, the works. 

It has been mentioned dozens of times on the Bigger Pockets Podcasts and through my research that new investors should analyze and practice running the numbers on potential real estate properties before jumping into your first investment.

I am curious to see approximately how many deals that more experienced investors analyzed and crunched the numbers on, prior to your first deal. Or, about how long did you educate yourself before starting out on your first deal? 

I plan on getting into my first deal within the current calendar year, but this info would definitely give me a good idea on where I currently stand as compared to the more seasoned and successful investors. 

Thank you in advance for your responses! 

Post: Tulsa Meetup at Prairie

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1

Looking forward to attending this meetup! 

Post: First Flip Complete!

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1

Looks great! I am a newbie to the real estate investor market, and it is inspiring to see how well your first flip turned out. Best of luck for future jobs and sales! 

Post: 3rd times the charm...

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1

Very nice end product!

Post: Newbie, young investor from Tulsa, Oklahoma!

Dustin RhodesPosted
  • Broken Arrow, OK
  • Posts 13
  • Votes 1

Thank you for the information @Deborah Burian! I appreciate it.