All Forum Posts by: Hieu Le

Hey guys i want to invest in San Antonio Texas, single family or Small multi family , any realtor? also someone to help for fixing properties and following for renting? contractors too

thanks

Juan Carlos Flores

Sounds like a good plan. Being an agent is a great job, but being an investor is where the true wealth is. You’re on the right path. 

First thing I would do is establish multiple avenues of deal finders. That can be you texting, calling emailing or whatever it takes. That can be you getting on numerous local wholesaler lists. That can be connecting with a local investor friendly realtor and getting deals from them. The more deals coming across your desk on a daily basis, the better off you will be at dehairing a winner from a loser and you will end up allocating your money in a better spot. 

Hi Hieu,

Actually you dont really need a mentor in today's world. We now got podcasts and youtube videos! We got the internet! Most successful investors learned from taking actions, and they educated themselves by reading books, watching youtube video and listening to podcasts. Biggerpockets has so many great videos on youtube. If I were you I would watch 1 biggerpockets video per day starting with creative financing episode with Pace. What stopping most of us to invest in real estate? Most of us got no $$$, so we cant close deals. If you know the ins and outs of creative financing you already won 90% of the battle because you now have the ability to close deals.

Of course if you could find a real life mentor that would be the best scenario. 

Just remember the best athletes in the world coach themselves most of the time.

All the best!

That is a large order you asked for. Especially, since the real estate advice you asked for contains volumes of books and millions of pages.

The very first thing you need to be successful with real estate is to find a property to flip for a low price where you can earn some big bucks. If you want to find mentors, or get advice then start searching for properties and start posting some information about the property and post some numbers showing how you did the math that indicates that you will make a profit. Then, along with BP members, I will tell you whether you are right, wrong and show you how to crunch the numbers.

After you show you can find some properties and do the math, then you can easily find help in regards to rehabbing and help for every other facet.

Post information and numbers for properties with potential profit. Hate to discourage you, but the flipping business is super tough with today's high real estate profits, even the pros lose money on many flips and flipping can easily bankrupt you if the real estate prices decline. I've been looking for flips, single-family and multi-unit properties for the past two years and have not found a sure-thing because I don't do high-risk investing and I don't get involved with any type investment just for the glory to make a few dollars. I will wait 10 years if I have to rather than blowing my wad of cash on senseless investments that only make me age faster.

Put another way. Don't be in a rush to invest your money. Keep your cash in your hot pocket and wait for the goldmine to fall in your lap that is a sure-thing.

Hello investors,

I'm looking for recommendations of companies that furnish your properties.