All Forum Posts by: Jonathan Weeks

Yeah - I can relate. Eventually, you reach the point of "critical mass": you look at deals, you can see how all the pieces fit together, you can tell which deals will work even before you run the numbers.

Eventually, you run out of reasons to hold back.

When I was W2, I once saw this poster in a head-hunter's office: "Consider the tortoise who makes no progress until he sticks his neck out."

Great quote!

Thanks for the insight, David.

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Originally posted by @Chris Sukala:

@Jonathan Weeks, I was like you also, My mother brought me up with always worrying about the "What If's". I have learned you cannot live life this way. years I wanted to but couldn't pull the trigger even though my wife wanted to. I have a wife that is the opposite and pushes me and us to keep moving forward for our financial freedom.

Once I found this site, I purchased Brandon Turners books, the book on rental property investing and managing rental property. I have download the first 100 podcasts and try to listen to them once a day.

We only have 2 SFR's and we learn more and more every time we either remodel or bring in new tenants. We decided to go all in and we are closing on our 3rd and just bid on a duplex.

Bigger Pockets has taught me so much, Honestly I feel everyone here is my mentor. This forum is great so much knowledge out there waiting for you to ask the questions

As Michael Jordan Says "I've failed over and over and over again in my life and that is why I succeed.

Definitely.

There's a lot of wonderful resources here. Like you, there's just going to come that point where I'm simply going to have to take the plunge and trust that I can do this. I agree that this place is flush with knowledge and it seems to pay off in spades!

I appreciate the insight!

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Originally posted by @Gary Harris:

Hi @Jonathan Weeks

If you're looking to be mentored there are several options depending on what you're trying to do (wholesale, fix N flip, buy and hold, etc). If you do a little research and out yourself out there I'm sure an arrangement can be made with a mentor that will push you over the hill and not cost you an arm and a leg.

Gary

Thanks for that Mr. Harris. I'm a fan of your postings around here. I've tried a few initial searches and have turned up dry unfortunately. I think there's a rei meeting in my city next Tuesday so I want to try and go to that and see if I can connect with anyone.

I'm still working on preparing myself to hit the pavement if nothing turns up, that way I can keep moving forward.

I appreciate the insight you guys provide around here.

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Originally posted by @Chris T.:

"It doesn't matter how many times you fail. It doesn't matter how many times you almost get it right. No one is going to know or care about your failures, and neither should you. All you have to do is learn from them and those around you because all that matters in business is that you get it right once. Then everyone can tell you how lucky you are." -Mark Cuban.

Ask yourself, have you taken all the steps to analyze houses, visit houses, make offers etc. If you have, what are some of things you can do differently?

If you have not, then ask yourself why?

You are a BP plus member, which shows you are willing to commit. Use the forums, get educated and most importantly take action. Find an experienced investor in your area, and offer your value. Ask to be mentored. Pay them for their time if you can't add value to their business. Most seasoned investors are happy to help people with less experience.

Good luck in your RE journey, and to your success!

Thanks a ton! I figure the point will come where I will just have to dive in. I have a REI meeting coming up next month, however I can't say for sure when I'd find a mentor. A part of me really sees the value in having guidance, but another part also wonders what if I never find that person? Then what is the plan? Ha.

I guess what I'm learning is that the point may come where I'll have to trust myself and learn as I go and that I can't exactly wait for someone to take me step by step. That may never come. I'll just have to get comfortable with the fact I may (will) mess up along the way ha.

Thanks for the insight!

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Hey!

I wanted to start this thread to get some insight as to what I should do about approaching that point that so many starting out do - The point when the fire to invest starts to dwindle as you approach information overload and start to reconsider investing at all.

It feels like a gun ready to be fired but without aim.

I certainly don't expect anyone to set aside time to mentor me or the like, as I'm sure for many successful investors, time is money (as it should be.) Though it would be nice to have some guidance. I guess I'm just reaching the point where I'm refusing to let myself get intimidated into quitting and just going for it. My biggest fear is yet again being paralyzed into doing nothing. I can't let it happen again.

To all of the investors here, at what point do you just prepare to earn your stripes in the event you can't find the guidance you need? Are there any new investors feeling this way as well?

I'm not too proud to make mistakes or get embarrassed as I learn. My future is way more important right now. I'm desperate.

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Originally posted by @Gerald Jarreau:

I was about to rent out my condo with good cash flow and move back to my mother's house in Central. In fact, I was packing to move boxes on Friday. She is 83 years old and is a widow and could use the help around the house so it was a win-win and a way to begin my real estate investment career. Friday night my mothers house, which is located between Blackwater road and the Comite River, took on 4' of river water. She has lived in that house for 37 years and made it through several floods without the house taking on water. For that reason, she didn't even have flood insurance. She's with me now in my 3rd floor condo in a dry part of town. Funny how things work out. Hope you all are safe. We'll need a good contractor though, so PM me if you know someone who can get started quick.

I understand that feeling, Gerald.

My mother lives a few miles from there. We happened to get 3-4 feet as well. I really don't feel like thinking about all the work that needs to be done, ha. I'll absolutely give you a shout if I come by any great contractors.

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Originally posted by @Caleb Bryant:

My family is doing alright in the Clinton area. Power is now back on.

Awesome. Glad to hear they're ok, man

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Hey, guys.

I hope everyone down in Louisiana is faring ok during these historic floods.

I never in my life thought things could ever get this bad. A lot of my family/friends have lost their homes, but thankfully have made it out ok.

I wanted to start this thread as kind of a 'check in' for everyone, and just making sure everyone is ok.

Here's also a list of numbers from those supporting with rescue efforts:

( All 225 area code)

Baker 778-0300
Central 3761254
Livingston 6863996
St.Helena press o
2224413
National guard
3008029
East BR 3892100
Central gym is open for shelter
2612000 command center central

With that said, are you guys faring ok?

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I work for Apple Inc. :)

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Hey, Alex.

If that's what you got going on, it definitely seems like you have your hands full! I'm local down here too and working on getting my feet wet in real estate investing.

I'm actively working on gaining more experience. If you ever need a free hand, I'd love to help out!

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All Forum Posts by: Jonathan Weeks

Jonathan Weeks has started 5 posts and replied 22 times.

Post: What to do when you're approaching 'desperate'

Post: What to do when you're approaching 'desperate'

Post: What to do when you're approaching 'desperate'

Post: What to do when you're approaching 'desperate'

Post: What to do when you're approaching 'desperate'

Post: Great Flood of 2016 thread. Reaching out to my Louisiana family.

Post: Great Flood of 2016 thread. Reaching out to my Louisiana family.

Post: Great Flood of 2016 thread. Reaching out to my Louisiana family.

Post: What's your day job?

Post: Question for Large Apartment Complex Owners in Louisiana