All Forum Posts by: Kelly Moffat

Thank you to everyone for your input! I wanted some advice from people who are doing what I hope to do and I definitely got some! I don't know why I didn't think of trying to find deals to wholesale instead of a second job in the first place; clearly old habits die hard. Here's to beginning a long journey. :) 

Also, how do I actually get the names to link? Evidently I didn't do it right :)

@MannyCirino Yes, I managed to get a lot out of the courses. Of the classes I was advised to take I feel like I've learned so much, yet creative financing is one where I still am not clear - as well as how to get started without cash since it's needed for marketing and things like that. I'm still working on how to think outside of the traditional box and think in ways to have money work for me instead of me working for money. I'm not enjoying the idea of adding more time to help someone else's dreams continue while mine go on the back burner. If I were able to do both, I'd be more open. Do you have suggestions on how to learn the creative financing, negotiations, dealing with people and creating a present? I'd be interested in learning more.

@TrentWood Unfortunately things at my current job are at a standstill as far as them allowing overtime, raises, or promotions. Thank you for putting that bug in my ear so that I can continue to put it in my boss' ears. I appreciate the advice about using the Dave Ramsey method as a tool in the meantime as I'm working towards bigger goals. 

@DavidDachtera Very vaguely and briefly have the courses I've invested in covered private money. Because I wasn't there yet, the few minutes it was mentioned went over my head - and it was mostly in regards to promoting the creative financing course that they were trying to get you to buy. Question for you: instead of trying to "save" my way to "wealth", would a smarter option be to take an additional job short-term to build some reserves for investing, instead of paying my way out of debt? My fear is that I'll spend so much time "paying off debt" traditionally that I'll lose that valuable time investing and making my money work for me. Being fairly young, my point being that I don't want to waste 5 years playing "catch up" if that isn't the smartest thing to do (if that makes sense). I should mention that I am interested in investing in mobile homes, so I don't necessarily need as much capital to begin with. 

@GregS Do you recommend being 100% debt free before investing? And then do you suggest saving the money necessary before beginning to invest? I'm trying to do this the "smart" way (clearly I haven't done so well up to this point) and think long-term. I also would like to use investing as a way to build my retirement. 

Thanks for your help, guys!

Hello all, 

I am just starting out in this real estate investing business and I need advice from like-minded individuals. I went to one of those "guru" classes last August and ended up purchasing a course package. Before you give me the "you shouldn't have done that" speech, I did because I didn't know any better. I ended up talking out a loan and maxing out my credit cards to do so. Not the smartest things to do, but I was so caught up in believing in myself that I didn't think it through. 

Fast forward to present and I have been trying to work with a banker to consolidate my debts. She is trying to tell me that I shouldn't (and can't) invest with all this debt and is suggesting I get a second (and  possibly third) job to start payin down my credit cards. She has quoted Dave Ramsey and it's very clear this what she believes. 

My question for you is: what would you do? 

My instinct is to get a second job because I know that'll bring in some cash but I also feel like it'll bring me farther from my dreams, if that makes sense. I don't want to be a five-figure thinker, yet I feel like getting a second job is the five-fogure thinker thing to do. 

Thoughts? 

Much thanks and appreciation! 

~Kelly 

Hello fellow BP members!

My name is Kelly and I am from the Seattle area. 

I have just recently started my journey of REI. Primarily I am interested in the mobile home niche. For those of you who are in that arena, I welcome all insights. To get myself started, I am looking to expand my network and knowledge by engaging with you. What is it that I can do to help add value to your business? I know that there are many great deals out there, and some of them that I come across may not fit what my business is looking for at the time - in which case I'd love to pass that deal along to you. I understand each business is different, what works for one doesn't work for all. Those of you in the Greater Seattle area, let's chat. 

I am a huge fan of the BP podcasts; I've been told to stop quoting things I've learned from them - I suppose out of context to the non-investor it's not really that interesting, but I think they are great! I especially love the one with John Fedro and all of the beginner tips.

For you seasoned investors out there, what actionable first steps would you recommend (with little expense) for the newbie? 

Thanks in advance! 

Feel free to add me! 

Hi all,

I'm Kelly and I'm from the Greater Seattle area of Washington. I'm new to real estate investing and am using it as a tool to eventually be able to quit my day job and turn this business into full-time livelihood and continue to grow from there!

Currently my investing interests are in the mobile home community - single family, rehab, parks. I'm so interested in learning more about it as well as being able to provide affordable housing for people in my area. With our average market rent of $2800 for a two bedroom in the heart of the city, the need for affordable housing is huge for those just starting out or those who are drowning in student debt. 

I'm interested in connecting with other REI who are in the mobile home avenue, as well as those who might have CPA or attorney background and can help give some guidance as I get this business underway and continue with my education.