All Forum Posts by: Gabriel Bures

@Linda S.

Hello Linda!

Thanks so much for the reply and info. I'm trying to figure out what combination of real-estate tactics and markets best suites the tools I have at hand!

I would like to learn more about what you do and what lead you to it!

@Aigo Pyles

Thank you! Best to you as well!

@Eric Schultz

I'd say my major constraint right now is the knowledge needed to efficiently apply my tools/assets and in a risk profile I can accept.

Put another way, I have a series of solutions on hand, I want to learn which combination of problems I can solve to make the most money.

I have time. I can easily live out the year with my checking account and airbnb income.

I have 150k I can pull as a line of credit from investments at 4% without touching my principle.

I can sell. (More if I actually liquidate some stock)

I have enough carpentry experience and tools to do small to medium jobs.

What I lack is a clue what to do with them!

I have the rough goal start looking for property in earnest after my second dose of vaccine in April.

Until then I am devouring as much knowledge as I can.

@Brandon Pimm

Hello Brandon!

Way cool! Do you ever make the trip back up here?

@Christopher B.

That's a really good point!

Can I ask what qualities really set an agent apart for you? What really makes an agent a Rockstar in your eyes?

@Tapan Trivedi

For sure! Right now, cash flow is the goal. I'm just trying to figure out the most efficient path. I'm financially able to purchase a small property outright (150k or less) or a larger one using that amount as a down-payment.

I own a house that rents on airbnb that cash flows a bit but live in an apartment I don't own in order to free up the house to rent. I realize now i should have worked that differently but I was in a different situation with different goals when I bought it.

I'm thinking that a house hack to eliminate rent, build equity and start a small cash flow there would be a good start.

What do you think?

@Evan Polaski

Hello Evan, I'm also new to BP and am trying to narrow down my strategy.

Would you mind pointing me to a resource for information on syndication? I'd like to learn more.

@Effram Barrett I hadn't thought of a title company job! I'll take a look and see where my skills might earn me a place there. Thank you! Side note, I used to spend a lot of time in Austin for work. Do you ever get out that way?

@Account Closed Hello and thank you for the podcast suggestions. I will absolutely download a few and listen on my next run!  It's less that I am specifically looking for a W-2 and more that I know having a stable income looks good when one applies for financing regardless of other assets. I love the idea of learning more while getting paid!

What kind of agent are you?

@Stephen Brown Hello! Thanks man, its a tough place to stand but we all start somewhere right? Hows Toledo these days? I'm originally from Cleveland and used to hang out a little up in your area. 

@Effram Barrett

Hello and thanks!

I have thought about being an agent. I was actually looking for a podcast on how to get started as one when I found BP. I still think it's good idea and am looking into it. Any suggestions for good info/podcasts to help with that?

I've spoken with the agent that helped me aquire my current property. They were very helpful with giving me a realistic picture of the profession. Wonderful people to work with and learn from. They are in the unconscious competent stage though, and working almost completly through referrals.

The only thing holding me back from committing to being an agent is 10 years of packaging industry knowledge and contacts. I'm trying to balance the advantages of learning more through being an agent against the significantly higher dollar value I can pull in packaging sales.

My current idea on moving forward is to look for a job that takes advantage of my industry value while I take the classes required for an NY license. Either one can result in a stable income that'll further my goals and make me look better to lenders. Does that make sense?

I've been putting off introducing myself to the BP community
because it seemed, well... scary. The thing you are most scared of is
the thing you should do to grow though, right?

I've also been told that when you are tackling a problem, you find a smarter friend to help you find a better way.

My name is Gabriel and I'm new to BP. I'd never thought of my self as a real-estate investor until recently. Like many people, Covid cost me my W-2 job. Unlike many people, I don't want a new one. ( I may have to get one, and accept that at least for a while.) I built a sales portfolio over that old career that paid me handsomely, made my bosses happy, and ultimately was taken away when Covid reduced my margins. I forgot that if you aren't working on your own plan, you are part of someone else's. They gave what I build to the senior salesman and cut the rest of us.

I don't know how to make a living investing in real-estate. I know how to learn, how to sell, and how to hustle, and I'm hoping to learn the rest here.

So... hello smarter friends! I'm learning and reading and listening to podcasts. I have one investment property that pays for itself, it's repairs/upgrades, and usually makes a small profit. I've learned a great deal from that property. (Both what to do and what NOT to do) I know I'm not ready to leap into BRRRRing through 6 properties this year, but I'm trying to learn what I need to learn to get there.

I'm here to learn, grow, and makes some friends along the way. 

Thanks for reading!

Gabriel