All Forum Posts by: Hamp Lee III

Thanks for sharing your win!

How are things going now?

Definitely pass on that one.

There will be another (and better) opportunity down the line.

Run your numbers in the BP Rental Property calculator in the Tools menu. You may be surprised (and shocked) by what you see.

I wish you all the best!

Congrats on your progress!

Let me know when you’re ready to purchase your first home and investment property.

I’m about to start working some JVs with small groups of investors to start small and provide training and experience along the way. 

I wish you all the best!

Welcome to BP and life as a future real estate agent!

I’m rather new myself, but my decision for choosing a brokerage largely came from what I needed now.

I’m active duty Air Force and found that many brick and mortal brokerages wouldn’t work for me. I found a great cloud-based brokerage that will allow me to train without physically being in the office taking leave from my military position.

I think about finding a brokerage like going shoe shopping. What works for you today, may not work tomorrow. Make the best decision for you today. If you find it doesn’t work, make the best decision that day. There’s so many options otherwise that will keep your head spinning.

Lastly, remember that you are interviewing the brokerages not the other way around. Be yourself and go in with what you are looking for. I had three things, but they changed as I visited more brokerages and narrowed down what I really wanted.

I wish you all the best!

Welcome to BP! 

I'm active duty Air Force and a third-generation real estate investor. Let me know if I can help or share any info.

I wish you all the best in your investing journey!

Welcome to BP!

Outside of what I share below, I recommend working with a group that wholesales. Run with them to get some good experience and exposure.

One of the best things you can do right now is educate yourself. And you've joined one of the best communities for all things real estate investing.

1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf

2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...

Also read, Rich Dad, Poor Dad by Robert Kiyosaki

3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars.

4️⃣ Ask questions here on the forums.

5️⃣ Visit (join) a local (and legit) real estate investment association.

6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcamps

I wish you all the best in your investing journey!

Congrats to you for stepping out! Keep learning and growing!

Welcome to BP! I wish you all the best in your journey!

Quote from @Michael Scott:

Quote from @Hamp Lee III:

Welcome to BP!

There are always good deals out there. Run the numbers and make sure they work for you and your budget. When they do, take action!

I wish you all the best!

 That makes sense, and I found the tools in BP really helpful as well. I will put conservative numbers and will get in only if it makes sense. 

My major worry is in the lines of- what happens if the cash out refinance comes lower than my expected ARV, what if my rehab estimate is incorrect and I have to put in a lot more, what if I don't find renters, etc.

There can always be “what ifs,” but if you do your due diligence, I would tell you, “why not?” 

Why isn’t this your time?
Why isn’t this your opportunity?

You’ve done the work. Now you can execute.

There will be unexpected things that occur. Tackle it the same way. There’s a will and a way with each issue you talked about. 

…but you’ll never know if you remain on the sideline. 

You got this. Do your homework. Execute. 

I look forward to hearing about your success!

Welcome to BP!

There are always good deals out there. Run the numbers and make sure they work for you and your budget. When they do, take action!

I wish you all the best!