All Forum Posts by: Jacklyn P.

Thank you so much Jesse! Way to go! We can do it! I also realized that even if we started late compared to younger ones in their 20s and 30s, real estate investing is fun and challenging enough for me to make life interesting as long as I do my best to do my due diligence and avoid costly mistakes. 

Dutch! You give me hope. I am so happy and inspired to read your journey. I am inspired because you are all fired up and excited starting at 57 yrs old. I will keep the fire alive inside me and continue to be inspired. 

Mike, you are right. What is the alternative start next year or 10 yrs from now? Better late than never and I am glad I saw the light. I am focused on being financially independent through REI.

Matt, thank you for reminding me that it is all about people. I hope to treat people as well as I want to be treated and respected. 

Terry, thank you for your encouragement. I am determined to make it work. I am glad I got my aha moment doing book keeping for my friend. I have read Rich Dad Poor Dad years ago and listened to people making money in real estate but I thought it is just for the rich and sophisticated. Now I realized you just need to work hard, be persistent and smart with your calculations and you will succeed. 

Thank you all for your encouragements. It really lifted me up. I was not going to give up on REI. I just needed wisdom on how to deal with my regret for not using money wisely when real estate market was down.

I will continue to educate myself and look for deals. Life gets to be exciting with having goals and challenges! 

I definitely feel regret for not jumping into real estate sooner but I am not afraid. I am educating myself as much as I can by listening to the podcasts starting from the beginning and reading forums and books while looking for deals through MLS, networking and driving around neighborhood I want to buy from. My first mistake though is I attended an investors meeting and I got excited about what the guest was talking about (note buying) and ended up signing in for the expensive seminar when I realized I need to be focused on the niche that I want which are SFH. Buying and holding. I learned the lesson that I go to meetings to network and learn but not to get distracted away from my goal when they talk about new ways to invest in real estate.

Thank you, Michael. That's encouraging for me. I will continue my education. I definitely want to avoid mistakes as much as possible.

Thank you, Juan. I will download it now!

Hello. I feel like I am late in the game and felt beating myself up. I heard about real estate investing back in 2007 but I thought it is not for me. A month ago, I helped a friend who is a landlord do her book keeping and it opened my eyes to the gains and benefits of real estate investing. Now I am actively educating myself, networking and looking for deals. I know it is hard work and I am not afraid of work. I just wished I started real estate investing years ago instead of squandering money. I am in my mid 40s and I am motivated but can someone please provide some inspiration? I felt a bit discouraged because the houses that were going for $6,000 (needs rehab) in my area just 2 years ago are now going for $25,000. Anyone out there started in their mid40s?

She is selling at 42k. At full capacity, it would rent at $1600 per month. She rents per room. Utilities are about $350 per month. I did conservative estimate in that if the house will bring $700 per month after utilities, that is $8400 per year. That will make 20% cap rate if I did my calculations right. Is it a good buy?

Hello. I am a newbie and I have been looking for deals. I read that as an investor, I should make my money at the buy which is getting 70% of the market value of the house minus the repairs. I found a landlord that wants to sell her rental at full market value. If I buy it at full price, it will make at least 18% cap rate. Should I buy at full market price if it has good cap rate?