All Forum Posts by: Brandon Krieg

I have customized as required, based on my needs and personal preference. I started with simple excel spreadsheets, and just tweaked it as I thought of improvements. As you're starting out, I'd just get something going that makes sense for you, and build it over time. No need for expensive software right away!

@Aaron Yates I agree with @Bill Gulley . Follow up can't hurt, and often they are just busy. Either way, if you get a yes or no, at least you can get it off of your mind.

@Ryan Rogoszewski I firmly believe there are many ways to the top. Yes, paying off your student loans quickly is one way to get there, and I certainly understand why many people are recommending it. By all means, don't neglect those loans.

However, if you have the resources and approach it smartly, why not purchase a home as you pay down your loans? It sounds to me as though you have a conservative plan, and that you're not a fly-by-night, get rich overnight kind of thinker.

Sure, you have a lot of time. However, the extra years you spend working on your real estate investments in your spare time would likely be extremely valuable for you. As long as your financials are solid and you make wise investment decisions, having extra cash flow each month (or potentially being able to live for free as a part of a multi-unit property) could be great for you. You definitely aren't 'too young' to get going!

Keep us updated on your progress and decisions - it's an exciting time for you!

@Jessica H. Congratulations! That's a great start!

I'll echo @Jean Bolger on this one. In my own experience, I started slower, with just one rehab to handle. It went well, and positive momentum built from there. Rather than focusing on volume, I look at the quality of each individual deal. If every deal is good and profitable, you will have lots of people looking to jump on the bandwagon to earn a good return on their investment.

If you can confidently handle several deals, by all means, go ahead with it. However, if you feel 1-2 homes fit right your wheelhouse, just make sure those go well, and good things will likely follow.

Perhaps it will be helpful to add my very first goal in real estate, which was to become a full time investor through rehabbing and wholesaling. This is now a reality, and it is wonderful.

Of course, I have new goals now. But that first one kept me driving long before it seemed possible, and now, my life is better for it. It is sometimes stressful, but the struggle is well worth it.

I would say to find a goal that is meaningful to YOU. My goals will be different than yours, because we are unique individuals. Once you set your goals, go get them. Don't quit until you get them. Read all the books you need - Napoleon Hill, N.V. Peale, Earl Nightingale, Tony Robbins, whatever floats your boat. Just keep pushing until it becomes real, and then find a new, higher goal to shoot for. You can do it!

Hi @Parish Simmons ,

If it is possible for you to answer calls yourself, I recommend it. While it might not be possible based on your schedule or size of your business, I have found that people tend to appreciate the personal touch.

For instance, if they call back on a number, and they talk to the same person who comes and sees their house, who also makes them an offer, they seem to be more willing to do business.

In the end, this is a people driven field, and people trust those who they've interacted with a few times. Of course, this requires that you deal with them honestly.

I've found that even if I have to call them back later in the evening or the next day, it works better if I am interacting with them from start to finish. Good luck!

Just a word to the wise - be careful that this contract lines up with requirements in your state... I see people from Missouri, Indiana, Virginia, California, and Texas - laws are state specific, so be careful folks!

I'd say the biggest thing is try to think like an investor, and go where they go.

For instance, if I'm looking to buy a property that's a great deal, I would either go to a real estate agent I trust, or to another investor who specializes in finding those deals.

If I am looking to sell a rehabbed property, I'd ask around for good references for agents to sell with.

I would search for both of these folks in local REIA groups, where I can meet with someone face to face, and really ask them questions. Alternatively, I would look for folks here on the BP community who might be able to provide a reference.

If you want to get 'in' with investors, that's a couple of great places to start.

Good luck!

Welcome Bryan!

This is a great community, and has some excellent folks from Michigan on here. I'll give a shout out to @Tom A. , @Joe Delia , @Aaron Yates , @Jason Walkowicz and some of the other 'usual suspects' when it comes to investing in SE Michigan (Detroit, Ann Arbor, Jackson, and Royal Oak just to cue the forum alerts). These guys really know what they're talking about, and should be great resources for you.

In addition, there are several excellent REIAs in the area, and those are great places to get to know the right people. PM me if you'd like some more direct references.

Good luck, and welcome!

Do you have a buyer lined up who has agreed to all of these terms? Is that buyer a reliable person, who you have full faith in?

If not, 9k doesn't seem like a huge margin to work with. That can disappear in a hurry - say you need a new roof, a new water heater, and some flooring - poof, it's gone.

It's hard to know for sure - obviously no one on here has seen the house, or met the seller, or talked to potential buyers. But it seems pretty thin. It's possible that it could work, but you're banking on things going quite right.

Overall, trust yourself. However, make sure that you're not 'pressing' just to get a deal done... more good ones WILL come your way.