All Forum Posts by: Jesse LeBlanc

@Kenneth Hayes - BTW, I'm sure you are already doing so, but READ READ READ.  Put some goals on a board that you both see some where at your house.  Start out with a long term goal, say 3-5 years.  Then some yearly goals that you'll need in order to reach the long term goal.  Work your way back down to, at minimum, a goal for the end of this month to reach your other goals for the year.  

I've found in doing so, I've reached every goal in advance that I wrote down. With the exception of a HELOC, that was 3 days later and I wasn't happy at all. :)

Do a quick search on here for books, you'll see MANY of the same titles popping up from post.  I'd suggesting finding them online free, or purchase.  I personally enjoyed clicking the purchase button on Amazon Prime and giddy like a school girl when its delivered to my house.  One of my goals are 2 books per month I read.  I long for a huge library in my loft upstairs.  It's nice to lend to a friend or use as a solid reference.  

BUT BEWARE, Lookup "Paralysis by Analysis".  Be prepared for this, and by that I mean do your best NOT to let that happen to you.  It happened to me and delayed my career by 3-4 months which could have been 2 deals for me at the time.  

@Kenneth Hayes - Pro is good if you're planning on posting deals on the Market Place.  It's also good if you plan to e-mail multiple colleagues at once.  You can also go back and search your e-mails with Pro.  I feel (and I could be wrong), Pro is geared more towards wholesalers or investors selling their deals. I believe you can also put your signature at the bottom of your post, which then potentially generates leads, at minimum makes it easier for others to see how to contact you or your website. 

If this was your only avenue for finding deals from others, the perhaps having the SMS notification might be nice.  That however goes to your e-mail anyway and you get setup an alert, which you would then jump on that deal right away anyway.  

I am currently not trying to get anyone to my website, nor do I use this as my only avenue to find deals.  I use this to find information.  I can still search post, chime in where I can, and follow up with persons I see post.  I'll make some personal contacts from there if I feel they may help me down the road and vice versa.  From there I may give some quality wholesalers my contact information but I usually watch people closely so not to have people wasting my time with worthless deals.  As a plus member you can still access files if you need them.  Post on the Marketplace once in a while if need be.  I suggest at minimum a Plus membership.  Check out the files you can download.  Continue being active on here and then as you grow make the decision if Pro is necessary.   

Again the above was my view, because that's how I utilize Plus.  As I grow and soon adopt another website, I'll likely upgrade.

Best of luck sir.  I've seen some of your other post.  keep up the good work

@Lee Winterboer - do a quick search on here. You'll find a ton of local wholesalers. Also as you figured, attend some REI meetings. Give your elevator speech and make some contacts. Best of luck sir.

Never too early or late for a mentor. Education is key to this career. No need to reinvent the wheel when you can get someone to guide you. Best of luck sir. There are a lot of good people here. Until then, drive/walk for dollars. Start knocking on some doors, put up signs, make phone calls and then more phone calls! Go to local Real Estate groups and get your name out there, start meeting others

Don't we all! I suggest you also do a quick search "Atlanta contractor" or similar on here to see older post that might get you some good leads as well.

Good evening sir.  Welcome BTW

One of my Lenders that I love is LendingOne.  There are so many options out there.  Each lender might have different criteria and can offer one investor a better deal than another based on the supporting documents and history an investor has.   You should get multiple responses on here but I also suggest doing a quick search for "Hard Money Lender" or something similar to see other post people have mentioned lenders in.  

You will definitely get a better rate from a conventional loan or credit union if you qualify. Another option (if you can) is a HELOC. I'm not 100% sure i'd say the options you mentioned below are "better" for a first time investor. They certainly have their pros, primarily lower rates and fees. I've seen many first time lenders use their own money or family/friends money and bought for far too much or overspent on the rehab. A Hard Money Lender would have been good for that person because they have money in that house, so they will do their due diligence as well. If the numbers are too close for them or you have to pay far more than you expected just to close on the house, it would be safe to say that's a bad deal and you need to keep looking.

Jesse

@Uary Souza - Do a quick search on here and you'll find a LOT of options.  Many investors explain their experiences with different companies.  Make sure you shop around until you find 1-2 that work best for you.  I've had experiences with 3-4 so far.  My current lender is LendingOne.

Here is a post I found recently where someone asked about the lender above https://www.biggerpockets.com/forums/520/topics/25...

Other excellent option is HELOC if you have that option.

It sounds like you need to read the book "The One Thing" by Gary Keller. Several books that are mentioned daily on BP will also help you out here. Narrow down your market area, then find the deals. Best of luck sir.

I know in my market I see several post a week asking the same questions. I'd suggest a quick search on here and you'll find PLENTY of responses. I'm sure others will chime in with answers here for you but in the meanwhile, do that search. Even after that, you'll have to weed out people and find who truly works best with you and understands your needs. Each investor has different needs.

Welcome sir! Getting over the Paralysis by Analysis can be tough. Take that step and you'll wish you did it sooner. Best of luck