All Forum Posts by: Katrina Prather

@Travis Boyer - Hi, I have a question for you if you don't mind.

You're welcome @Heather M. ! That's what happened to me as well...subconsciously. You're right..you just have to focus more on what's right for you.

@Heather M. Interesting! Our stories are very similar in regards to investing. My ultimate goal was to be a buy and hold investor. I felt like wholesaling, then rehab & flip were going to be my path to get to B & H. I experienced some of the same feelings when wholesaling. I also did not want to quit and questioned whether I should after 5 months of direct mail and driving for dollars. 

Wholesaling allowed me to better understand my market which includes the metro Atl area. I began to see that it just wasn't a lucrative time for that aspect of REI. Are people out there doing deals, making money, etc. ; of course they are.

My suggestion would be to first, trust your gut instincts. Work on analyzing deals in the area that you plan to buy. Also, continue to save your money so that you can make that down payment and have the reserves that you need. Continue to learn about B & H investing, but don't go overboard because experience is the best teacher. However, you want to know enough that will help you make wise choices (that's prob a bit vague). 

I became interested in REI in 2014. Mostly did some learning and joined my local REIA the first year. Jan 2015 is when I started wholesaling and stopped in May. I am scheduled to close on my first property next week (praying that all goes well). In hindsight, I wish I had someone to advise me to just work on saving my money and prepare to B & H. I have a FT job and make sacrifices so that has been helpful for me. Plus, in my area I have only heard experienced investors confirm that B & H (vs wholesaling) is the wealth builder if that's your goal.

Good luck!

Hey @Account Closed ! Thanks for the detailed feedback. This is what I needed to help me understand what I'm looking at and what things mean. I truly appreciate your help!

Hi, I'm working on closing my first property for buy and hold. I'm not too sure what I should look for when it comes to insurance. I've attached an image of the details of one quote that I received. Please advise on if this policy is in my best interest as a landlord for a triplex. Also comment on what dollar amounts/coverage I may want to consider or the pros/cons of this policy. Any feedback that experienced landlords can provide would be helpful.

Hey @Account Closed

Hey everyone! @Craig H.   @Steve Yoo @Dave Visaya  @Frankie Woods @Ron Escoffery 

Thank you all for welcoming me. I really appreciate that you all have taken a second to do so.

@Craig- Funny thing is ...everybody that I've spoken with already has tenants in their property..lol. Will keep you in mind though.

@Dexter M. 

Not sure why your names didn't highlight the first time.

Thanks @Paul Timmins I will take the time to checkout those suggestions. I appreciate it!

Thanks so much ! @James Wise @Pyrrha Rivers

Thank you as well @Dexter Marcus !! Yeah, I see that there is tons of information. It's hard to keep up with all of this good stuff...lol.

Thanks @Andrew Cordle ! I appreciate the suggestions. I'm definitely a REIA member. Hope to see you as well.

Thanks again for the welcome everyone!! I appreciate it.