All Forum Posts by: Hawke Morgan

 @Bill Hampton:

Thank you so very much Bill. The links you provided turned me in the correct direction! I have been reading and broadening my understanding of the processes needed to succeed with REI.  

Quote from @Hawke Morgan:

Good Morning Ryan! Thank you for your warm welcome. 

Once I decide on the offer to make I will definitely get back to you on this.  My strategy is to BRRRR, as well as to flip.  I need a general contractor in order move forward on my plans to flip, as well as becoming better informed on the what, how and why of the processes incumbent in flipping.  

 I did a walk through on the property, and I think in my current market that this is not a reasonable choice for my investment money.  Looks like a six digit rehab, which will price it out of any reasonable return beyond appreciation.  I just don't feel it can work in my local market.  

Thank you Rene!

I will grab both of those books and stir it into my morning routine.  I love audible, because I can listen to it and multi-task, then return to it and deal with notes and points to revisit.  

Good Morning Ryan! Thank you for your warm welcome. 

Once I decide on the offer to make I will definitely get back to you on this.  My strategy is to BRRRR, as well as to flip.  I need a general contractor in order move forward on my plans to flip, as well as becoming better informed on the what, how and why of the processes incumbent in flipping.  

Quote from @Nadeem Alamgir:

Welcome to BP Hawke and that's awesome! How'd you find this deal? 

Thank you Nadeem.  I have a local agent in town that I have kept in touch with since we moved here.  She is the agent that sold me on my current home.  I have looked at other investments with her, but did not find the product we wanted at a price we were willing pay.  

I did find the deal on Zillow.  I tend to give it a look over every couple of months, and found this great opportunity.  Her brokerage listed the property, and she is taking me out there to do a walk through to determine if I want to take the next step. 

Quote from @Rene Hosman:

 Welcome! Other than the BP webinar what other resources here have you found helpful? Have you invested time or money into other real estate education or is this your first entry point into the real estate world?

First I want to say thank you for your reply and your questions, Rene.

I have been listening to Coach Carson's podcast for the last month or so.  He often mentions BP.  I recognize that I don't know enough to be truly effective in my REI.  I have been browsing all the tools here, and just trying to become familiar with the site and the treasure trove of knowledge and tools that are available here.  I did take the 7 day free trial of Pro, and I feel confident that I can grow enough here to feel confident as I take my first steps in my REI journey.

I spent several years in the early nineties as a real estate agent, and did well enough to be recruited by Re/Max for the last 18 months of my career.  Unfortunately I wound up with a life changing situation that forced me to give it up.  During my time in the industry I learned to work systems so that I could consistently effectively list homes to get them sold in a timely manner.  I expect that I will develop those same skill sets within my REI journey.  

I live in SE Rural Iowa.  My market here is small, as my village is small.  Yet I have found my first investment property that I am willing to make an offer on.  I am delighted to have stumbled over the BP website.  I sought information on another website program, and the first on the list turned out to be BP.  I explored a bit, grew excited, sat through a webinar, and found myself completely hooked.  

I am looking forward to growing in my knowledge as I expand my skills in REI.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

This is a local listing. I will be inspecting the property (tour) tomorrow at 10 am

What made you interested in investing in this type of deal?

The price is right, the property is near enough to allow me to be a hands-on

How did you find this deal and how did you negotiate it?

Zillow and negotiation is ongoing

How did you finance this deal?

That is variable as well. I could do an all cash, but would prefer to do a conventional loan.