All Forum Posts by: Dustin Ray

@Joe Funari thanks for the response. I really want to learn all parts of the business. With the numerous business I have had throughout my career, I like to learn a great amount of detail about each before I dive head first or start calling myself an investor. Two things that I really want to learn and harness first are:

1. How to evaluate deals?

2. Method of finding deals? IE: do you door knock, pay for leads, etc.

The sweat equity that I speak of is that I would be willing to give my time in return for an education. For instance, if you had any deals that needed evaluating (once I was taught how), any calls to be made to follow up on any leads, etc. Really anything, I just want to learn how investors do what they do, but most importantly why.

Any books / articles you recommend to help with the learning curve. Please know that I am not trying to short cut my education, I know this is a process, but I am a nerd and just like to get as many ducks in a row before I attack.

Please let me know how I can help in any way.

Thanks

Excellent points made by everyone, I’m new to real estate and North TX in general. Thanks for the education.

I’m new to bigger pockets and real estate, but not new to the business world. I want to learn from investors in my market and in exchange I offer sweat equity and a proven track record of business success. My market is North TX, I am willing to do anything, give me your worst tasks, just anything so I can learn. I am completely fascinated by real estate.

How can I help in your business?

Afternoon Bigger Pockets network.  I’m a newbie to real estate investing from McKinney, TX and I wanted to ask a direct question to any investors / lenders that I haven’t seen asked yet as I have been engulfing everything I can for last three weeks on this journey.  In an effort to solidify excellent relationships, my creed to live by states that every single question I will ever ask will follow my QRA format.  

1.. The Question (Q.)

2. The reasoning I am asking and how your answers will help (R.)

3. An ask of what I can do for you in return (A.)

So here goes, 

(Q). As investors / lenders, what format do you prefer to see the deal data when approached by someone seeking investment? 

-I've never really seen this question asked but I feel it is a vital one. Do you prefer spreadsheets or PDF's. Are there 3-4 staple things you want to see off the bat on the front page that can quickly help you determine if you are in or out, IE: IRR or cash flow or both...etc. I understand that there is a ton of data that is pertinent and worth looking at and the person bringing you the deal to potentially invest in needs to have the knowledge and hustle (2 of 3 parts of deal delta @Brandon Turner), but I want to ask which items / format are most important to you to see.

(R.) Your answers to this question with help myself and others better understand how you as the investor / lender likes to be presented the data.  I want to streamline the process to make your analyzation time most efficient and see if I can spot any trends within the answers.

(A.)  I sincerely appreciate everyone’s time and input helping a newbie like myself out.  I’m fascinated by real estate and the art of the deals so please send me a request of how I can help you in your business.  I’m new and don’t know a ton about real estate yet, but I’ll do anything at all to help you reach your goals while gaining knowledge along the way for myself.  So please, how can I help?

Thanks again for the read, I hope you find the question engaging, please feel free to share.  I’m so very excited to have found this website and these forums.

-Dustin K. Ray (D.Ray)