All Forum Posts by: Jacob Parker

Well I would have never signed up with bigger pockets if it wasn’t for the exposure provided from pace and others in the community speaking so highly of the BP community. In end if you understand business partnership as I believe you do then I would anticipate you’d understand that collaboration amongst the founding members would look to drive communities together as it is mutually beneficial exposure and growth for both. To what extent I don’t know. However if you had a few negative reviews about your business and you had thousands of people obtaining value wouldn’t you want to introduce them to another community and ask that you provide your honest feedback? 

Typically when you have a large community and you bring attention you will have peaks and valleys of this just like when a marketing campaign is launched. 

I’d think with how active you are in the community and potentially business maybe you’d have the ability to critically evaluate there’s a true possibility you are being too critical on something you know nothing about. 

Chris why such hate to the community? 
No one is getting a referral fee on these general posts. There would be no way to prove a post got someone to sign up and you know that. It’s a community who wants to support each other because they feel the value they receive is worth passing on to return the favor.

Every comment you are here to criticize yet people consistently prove your comments are unjustified. 

Thanks for the feedback. I completely agree with you. As mentioned my goal was to keep the property long term initially…

Hi Chris,

Sure thing. Thanks for the interest. Here is a summary of my first deal. This property was a foreclosure. 1540 E Plaza Dr Appleton WI 54915. Link to the property on realtor here https://www.realtor.com/realestateandhomes-detail/1540-E-Pla... I ran a list, skip traced, and connected with the homeowner to educate them on typical paths they could take and work through if any of them were viable in their situation. In end the only option was for us to acquire the property in which we decided subject to was best due to rates. I negotiated with the firm who was handling the case on behalf of the bank to address the arrears to reinstate the loan and take over payments. At the same time we addressed all back payments for back taxes and liens. While we initially planned to keep the property to retain as a rental we determined that the current market would offer a better return if we sold it as well as allow us to pay back the HELOC we leveraged of our home to work through the flip being it had a higher interest rate. I have attached the summary below of our numbers of this transaction.

SUMMARY - SUBTAIL - 1540 E PLAZA DR

Aside from this we ended up renting out our primary home. In the area, we determined that the it would be a good mid term rental and started marketing it as a furnished rental especially with some of the construction and events going on throughout the year. We had 2 companies and a family rent it thus far for a total of 9.5 months. - This resulted in $40,484 in revenue. After costs we have thus far netted $19,884. Since giving this any attention I’m at around the 9 month mark.

So between the subtail and rental it comes to $70,487. It’s a start and a foundation to build upon. I put very little time into doing all of this and have only scratched the surface of learning what is available within. I have only taken advantage of a few live calls of the 20 plus going on weekly on a variety of topics within the community. The education is there and then some, but the community being there as a helping hand to address questions, connect you to others, keep you committed, parter on deals, develop friendships with like minded people is truly amazing.

Those that are truly committed to learning and open to engaging I have seen make the most progress. I am grateful for what I did do thus far. Although I value it I know i need to dive in and spend more time. What keeps me so intrigued is that there are so many different opportunities in real estate. I just need more time to grow to the breath of knowledge that others have in this space.

All the best

I joined last year. It’s been eye opening as someone who is new to real estate. I wanted to learn more of a niche concept that not everyone was doing and since I have done my first Subto/flip helping a family out of foreclosure. Very rewarding. As far as the content it’s loaded with gems. It’s a bit drawn out dialog but all in all I’ve made 10x my money in the first year. That isn’t always the case but I have been keep my head down learning. Not sure where you are starting from but it seems anyone has benefited who is willing to focus on an area for a period of time. Hope this helps.