All Forum Posts by: D'Wayne Hopkins

From what I understand, it's not that it's a bad way to get started, it's that it requires knowledge of several different investment types and marketing to do it well. Since it's currently a very strong sellers market in most places around the nation, that makes wholesaling even harder. If you can get a good grasp on flipping, rentals, and marketing, then you'd be able to be a really good wholesaler. 

I never updated how this turned out. My cousin and his partner decided to flip a different house so it fell through. I then got bogged down in picking up extra hours to make ends meet until I'm back to work at my primary job. Well, life goes on. Time to get back on the grind.

The main question is in the title. I'm potentially doing my first deal. I wanted to buy this duplex but since my credit is trash and I don't have any savings I passed it on to my cousin to flip. A couple conversations later and I'm actually participating in the deal. That said, there's an unfinished basement in the property on both sides. In your experience, how much would it cost to add a bedroom in that part of the house?

I'm in the Kansas City market if that makes a difference.

I attended a Bridge meeting last month and plan to attend the next one. I'll add MAREI to that list as well. The facebook events kind of slip by me too easily so I'll be putting it in my phone from now on.

@Bob Woelfel

I'm looking to do buy and hold rentals. Preferably it would be small multi family with the hopes of renting them out by room. My plan is for my first deal to be a house hack in a duplex (or bigger if it plays out that way). After that I'll be open to flips as well. But if if makes sense to go out of order for whatever reason, then so be it.

@Justin Windham

@Justin Windham

Thanks for the rundown.  

My name is D'Wayne Hopkins. I started listening to the BP podcast roughly 3 months ago. Like I mentioned in the title I live in the KC metro area. I'm currently an electrician apprentice, pizza delivery driver, and competitive gamer.

I first heard of real estate investing back when I worked for Social Security. One of my coworkers did it. I was fascinated when he told me that he didn't need the job at all and was just up here to scout out property and he had 5 figures just sitting in the bank. I got super hyped up talking about it and then...I let it sit on the back burner for 2 years. Frustrated with myself after completing a job and having to sit to wait on another one while taking extra delivery shifts I decided I wasn't gonna let this be a pie in the sky dream anymore and committed to start learning. That's when I stumbled upon BP podcasts and Millennial Real Estate Investors. I listen to the archives while delivering pizzas and driving to my various job sites.

I have a lot of preparing to do before I feel I'm ready to buy but I'm still looking at deals atm. I saw my first potential deal on the MLS but since I'm not in a position to buy yet, I decided to pass it on to my cousin who said he'd help me get started. Once I've got my credit built up to a decent level I'm hopping in the fray. I hope for the best in the future alongside all of you.