All Forum Posts by: Jeremiah Akindele

That is an interest way to put it. It is a bittersweet scenario if elderly people pass away and children desparately sell the house for less than what it's worth out of fear or impatience to split the $$$. This could work out for investors because you are buying undermarket properties but I also assume there would be less cash buyers now that the economy is being shaken up.

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Originally posted by @Jay Hinrichs:one thought is since it looks like this is going to be very hard on the elderly.. there will be a bigger than normal transferance of wealth to Heirs. Who will then spend their inheritance ?? @Jay Hinrichs

Originally posted by @Jessica Trevino:

My name is Jessica Trevino and I’m a project manager for a tradeshow exhibition company here in Houston, Texas. I was introduced to real estate investing in 2017 when a friend recommended I read “Rich Dad, Poor Dad” — my life was forever changed! After a few years of preparation I’m finally ready to begin my investing career in 2020. I am looking to start investing in small multi-family properties through house hacking and scale up over time to large multi-family and commercial real estate. I am hoping Bigger Pockets can be a gateway to help me connect with other like minded individuals in my area!

Originally posted by @Steve Hiltabiddle:

@Mitch Messer excellent advice right there. There are good ways to spend money on education and sub-optimal ways. Get the basics with no cost networking, going to REI clubs, read, watch, learn. If you can find some weekend classes offered for under $100 through your REI club that doesn't focus on upselling, check those out. But so much free education just here on BP. Once you find your niche into investing, find folks to help you out and learn from them. Only when things get more sophisticated and you have started to leant what you don't know, paying to learn how to move forward may make sense. But not when you're at 0.

Originally posted by @Billy Smith:

I did not bother to read all the post ,so everyone is shocked why you did that .Now if you can muster up 40k put a down payment on a  rental in a class B area might take time don't get in a hurry .

I am sure lot's are saying the answers are here to fill in the blanks , correct they are .

Originally posted by @Fred Tichauer:

Jeremiah, cut your losses, and if you don't have the right real estate agent on your side, that should be your top priority.

You understand too well that you are probably making their most significant financial investment, and if you know more than your agent, what value are they bringing to you? Are you using them because they sold you your residence? Are you only using them because you like and trust them? I think clients from all walks of life deserve more. Agree?

1. They should know more than their clients

2. They should have the knowledge and experience other agents do not

3. They should have the credibility and practice what they preach and would like others to do.

4. They should have a good track record of helping clients become millionaires and also own sizeable real estate portfolio as well as flipped properties.

5. They should see themselves as a mentor, coach, consultant, wealth advisor, and see buying opportunities other agents don’t understand.

6. They see themselves as the fastest path to help clients accomplish the financial objectives, understand 1031 exchanges and using IRA's

7. They should know areas, values, comps, how to search the MLS for opportunities and know tenant-landlord laws

8. They should try to meet with their clients at least annually to help them stay on course, and most of all, they know their client's short term and long term financial goals.

9. They see themselves as the source of information for all of your real estate investment needs.

10. They should operate by the win-win philosophy and not worry about a commission check.

Agents that help clients solve their financial concerns( wealth building, retirement income, and financial freedom ) are in high demand and make an excellent living in this business, and clients will tell others how good they are, rather than tooting their own horn.

In conclusion, you deserve to have the very best real estate agent on your side, and they will be the fastest to help you accomplish your financial objectives.

"Every day, by the choices we make, we either get closer or farther away from financial freedom."

Originally posted by @Sahil Relan:

Hi,

I am looking to buy a 2-unit property for 100k, some tenants are already living and paying there. It is a REO. The property needs minor repairs which I plan to do with the cash-flow generated. I have these two questions:

a. Do I need to do a hard-money loan to BRRR? With this property I can get a regular loan.

b. Should I get interest-only loan or regular loan? The way I see it, even if I BRRR I will have more equity in the house.

Really appreciate your inputs. Sorry for the noob questions, my first property!