All Forum Posts by: Dustin Wunderly

Thank you SO much Jay. I've already queued up Podcast #222 (I'll listen to that next). I worked at Apple, Microsoft, and Intel (starting in the late 90's) and I was super fortunate along the way (due more to lucky timing than outright talent).

I just want to understand the business as much as possible so that I don't make easily avoidable mistakes. 

There seems to be a great deal of "you can do this!" (i.e. motivational) material here... whereas I'm I don't need anyone to convince me I can be successful. I want to learn the science of this industry (and I will, eventually). It seems to me that getting my license would be a worthwhile investment even if I never act as a canonical agent.

Thank you again!

Thank you Nathan - that's very helpful. I don't want to become an agent to sell... I just didn't know if would help be a better (i.e. more informed) investor. I will _definitely_ search through the forums!

Hi,

I've become very interested in purchasing multi-family properties for rental and have the cash on hand to do so. But, outside of purchasing several homes for my family, I don't have any true real estate experience. I've listened to many BP podcasts and it seems that very few of the people Brandon interviews are (or were) real estate agents.
 

I'm wondering if it would be worth my time to get my real estate agent license to better understand the entire process/industry. I'm a retired software engineer so I tend to be a little OCD about learning new things as deeply as I can. ;-) 

Thank you in advance!

@Taylor Morris Thank you! I didn't think to use Google as I expected the book to 1) cost money, and 2) to be stuck behind a paywall. ;-) 

I'm trying to find the "seven years to seven figure wealth" ebook Brandon mentioned in one of his webinars. I don't see it in the "ebook" section of the site.

Thanks!

Hi,

I have what I'm certain is a very basic question but I haven't been able to find a suitable answer. 

Let's say I have a mortgage on the home I live in. Then, I obtain a second mortgage for my first rental property (I don't have the necessary cash on hand to purchase a property outright). 

My question is: how do people then go on to grow their rental portfolio? A lender isn't going to allow me to obtain an additional (i.e. 3rd) mortgage, correct? It seems like I'd be stuck until I could pay off at least one of my existing mortgages.

I ask this question because I've seen numerous posts here from people who started out and then, somehow, obtained multiple properties within a year or two. I don't see how that is feasible unless they had a ton of cash initially or they used someone else's funds.

Thank you in advance for any clarifications you might provide.

-Dustin