All Forum Posts by: Jacob Turner

So not even a week before I started the 90 day challenge back in August, I knew nothing about real estate or was even thinking of becoming a real estate investor. I stumbled across BiggerPockets and well here I am. I took the 90 day challenge doing as much research as I could, listening to BiggerPockets podcasts, webinars, and everything else in between. BiggerPockets really and truly provides so much vital information. I can only speak for myself, but I will say the one thing that has helped me the absolute most is getting out there to every meet up that I possibly could and meeting people. Letting every person know my intentions in real estate ended up leading me to a very successful mentor through my brother. My brother has known him all my life and told him about me asking if he could take my under his wing.  With that being said having absolutely no clue about anything real estate related to the first week of September buying my first deal and about to close on another one completely blows my mind. Im not really going to go into specifics about the deal but ill just leave it at I have several possibilities with it. I could get 16k as down payment and cash flow 800 a month, or sell and make after everything about 100k on the deal. That is not the point of the post though. My point is if I can find a deal that works anyone can. You HAVE TO HAVE TO get out there and get out of you comfort zone and meet as many people as you can. Be very cautious of mentors but make that your number 1 goal is to find one. Hanging out with my mentor at auctions and meet ups I have seen first hand newbies make unbelievably costly investment mistakes. A good mentor will prevent you from having that costly experience. Realize a good education is never free. A good investor values his time so therefore you have to bring something to the table as well. I have learned about 2% of the investor world but my point is like I said, if I can do it so can you. Dedicate all of you toward the goal, get out of your comfort zone, meet people, find a mentor, let everyone know what your doing, and stay positive. Good luck to everyone that took the challenge. There is still plenty of time left. =)

Can someone tell me what AIA form is generally used for flipping houses? I looked up the AIA form and there is several different types. Just curious if there is a particular one that rehabers use.

So I have a family friend that has been in the real estate investing field for 15 years and is very successful at it. I confronted him and told him that i want to start getting into real estate. He has been helping me a lot over the past month and some of the things he has had me do i feel was just a test to check my commitment and dedication. None of these things by the way has cost me money, only time and effort. Well we have reached a point now where I think i have shown him my dedication for this so he told me to look for an email that he going to send me. That email is a mentor-ship consulting agreement and has 3 options to choose from. Looking over all three of them I can honestly say i have no idea what would be the best option to choose so im coming to the bigger pockets family for advise. Below i will have listed the 3 options and if y'all could please list from your first choice to your last choice and why. Keep in mind this is a good guy, and family friend, and I trust him. Thank you all for you help.


1. $15,000 provides you access to my 15 years of personal knowledge
and for myself to help to find your first investment property only, we
can discuss after 1st deal is closed.
or
2. 50/50 Split. You use your money and I use my creativity to find the best ROI within 90 days
or
3. 35% fee based on running equity. Investor agrees to pay a onetime 35% equity fee for all acquired property upfront.Example

Cost to buy is $25,000

Property worth $100,000

Equity is $75,000

My fee is 35% of $75,000 = $26,250 upon closing and funding.

So I have a family friend that has been in the real estate investing field for 15 years and is very successful at it. I confronted him and told him that i want to start getting into real estate. He has been helping me a lot over the past month and some of the things he has had me do i feel was just a test to check my commitment and dedication. None of these things by the way has cost me money, only time and effort. Well we have reached a point now where I think i have shown him my dedication for this so he told me to look for an email that he going to send me. That email is a mentor-ship consulting agreement and has 3 options to choose from. Looking over all three of them I can honestly say i have no idea what would be the best option to choose so im coming to the bigger pockets family for advise. Below i will have listed the 3 options and if y'all could please list from your first choice to your last choice and why. Keep in mind this is a good guy, and family friend, and I trust him. Thank you all for you help.


1. $15,000 provides you access to my 15 years of personal knowledge
and for myself to help to find your first investment property only, we
can discuss after 1st deal is closed.
or
2. 50/50 Split. You use your money and I use my creativity to find the best ROI within 90 days
or
3. 35% fee based on running equity. Investor agrees to pay a onetime 35% equity fee for all acquired property upfront.ExampleCost to buy is $25,000Property worth $100,000Equity is $75,000My fee is 35% of $75,000 = $26,250 upon closing and funding.

I am a pro member and I cant find todays webinars in the archive. Can someone tell me where i can find it?

So putting this out to see if there is any buy and hold/BRRRR investors that feel like having a free cup of coffee or lunch some time. Not looking for a freebie or anything, just the opportunity to have a sit down and get to know more people in this profession. I live in the spring/Klein area.

Ive been using the calculator for about 3 days now and have looked at over 20 houses using the rental calculator and every house i do comes back waaay in the negative on cash flow and CoC ROI. I live in Houston Texas and have been looking at everything in the Northern suburbs of Houston. Anyone here in the same market area that can help me so i can figure out what I'm doing wrong?

Ive been using the calculator for about 3 days now and have looked at over 20 houses using the rental calculator and every house i do comes back waaay in the negative on cash flow and CoC ROI. I live in Houston Texas and have been looking at everything in the Northern suburbs of Houston. Anyone here in the same market area that can help me so i can figure out what I'm doing wrong?

Any agents out there that can help me find my first BRRRR In the Klein, spring branch, woodlands, cypress, Tomball area?