All Forum Posts by: Jay Krietzman

Do you find it to be a hassle that your buyer/seller knows your an agent/broker? Does that cause trust issues? Seems like that's the main reason why people preach against it.

I figure with having to get my GC and Developers license, and I'm not sure yet but possibly my Real Estate Agent/Broker and then the cost of acquiring properties the added legal protections would be good to have. Obviously, you just work it as part of the #'s and as long as you're accounting for everything if the numbers work they work. I'm just not clear as to what those #'s are. @Brian Bradley do you have your agents/brokers license? @Jay Hinrichs do you think I need one to be succesful? 

So I'm not a people person. At least I don't feel like I am. And personally, don't like dealing with people other than like-minded individuals or close fam/friends. But I like the idea of having passive cash flow and appreciation. Jay, I noticed you have a 90 lot project in Canby from another post and developing sounds fun to me but sounds like more mid to end game versus just starting out. Some quick background I've been a big video gamer the majority of my life... Sim City, Starcraft, anything where there is a decent amount of resource management is involved. Never graduated HS nor went to college. Learned by self education and reading/listening to experts of what I needed to know. I've also been in an operations management type role for the majority of my life. Started in restaurants and now am the Operations Manager for the largest private Jan/San company in the NW. I'm not going to lie I want a mammoth real estate business. I have very big ambitions I just don't know what they are clearly yet, but I know because I feel it in my soul that it is in the real estate industry. Honestly, the buy and hold seems to be a good path for a massive accumulation of wealth. But I figured I'd just start analyzing everything and if would make a good rental then I'd buy and hold or BRRR. If not I'd flip or wholesale. But then people say you should focus on one strategy and get good at it and that makes me feel like maybe my goal of handling all those basic SFR type deals isn't realistic. I just feel like I am trying to avoid possible missteps in starting out (because my money is coming from an investor) but like the rest of my life, I have learned by making mistakes. Is uncertainty normal when trying to figure out what my "End in mind" is? I just want a thriving successful real estate business that I can eventually hand off to my kids while having my kids apart of building it, not working for anyone but myself and those in my eventual mastermind group, and spending as much time as I can with my family and friends. My apologies I'm just kinda dumping my thoughts out because I don't really have much of an outlet to share my thoughts because everyone in my circle beside my parents thinks I'm crazy and this is a "pipe dream"... another item on my to-do list is finding friends aligned with my goals/passion. Lol.

Thanks guys, @Brian Bradley I have read David Greene's book about 3 times now. I think there are only one or two books published by BP that I haven't read. I also have read a ton of other books but that isn't that important. 

@Jay Hinrichs - Thanks again. You've given me feedback a few times and I appreciate it. You are someone that I truly aspire to be like. 

I'm in the phase of trying to build my business plan and teams and choosing a path to get to where I want to be. Did you guys know exactly what you wanted and had it from the beginning or did you just jump in and life's path took you where it did and you set goals once your feet were wet? I seem to keep struggling over "The plan" but keep thinking I should just jump in. What are your thoughts... "Keeping the end in mind" gets preached so much... and I think that I'm busy getting ready when I should be busy doing. If that makes sense. 

Hey,

I'm new in the sense of I've been researching and becoming more educated for the last 6months, but haven't done any deals yet. 

My reason why is my family and my love of learning and then dominating. I have a 2-year-old daughter and an 8mo old son. I want to give them time, attention, and of course, a solid foundation of knowledge that I didn't have so they can build their own life and accomplish their goals. On top of that, I think to myself by the time they may or may not want to go to college my in-laws and my parents will probably be entering that point in there lives where they'll need additional care. I want to give back to them for all that they did for my Wife and me. 

I'm having a hard time starting out, mostly because I have two concerns... Oregon supposedly not being a good place to invest and market cycle timing. Seems like we maybe are approaching the top of the market? Not knowledge-based other than the prices I see and how long it has been since the last contraction. 

In either case, I'm looking to build my team and keep moving towards my goals. Glad that there are some good folks close to me as I'm just across the river in Aurora. 

@Brian Bradley -I will want to talk with you further about asset protection and my situation as well because I want to make sure I get started in the best possible way. 

@Jay Hinrichs - Thanks for constantly spitting great info. Hope to someday work with you in some capacity.

Also are you guys doing meetups in Wilsonville or close by. I really want to jump into this. I'm not a super social person but understand you can't build success alone. 

Thank you.

Shouldn't be an issue for myself. Thanks for the recommendation. 

Interesting. Okay, so I I should just get both then? I'll add those things to my to-dos. Is one provider better than another on the training courses? I visited Oregon's list of pre-license educators and there is a long list. https://www.oregon.gov/CCB/licensing/Pages/list-pr...  

Confused on the Developers license vs GC license part... I'm assuming GC is general contracting, and CCB is Construction Contractors Board. If I am contracting the work out to a licensed Contractor do I still need to hold either of those?

Thanks Jay! I appreciate the heads up.

Well I don't know/haven't settled on one particular strategy quite yet I suppose. I have read some whole selling books and figured I could start there but I want to do flips, buy and hold. Kinda of in the building my process before executing that way I don't miss a step. Is that the wrong approach? Should I just dive in? So yeah trying to figure out all the pieces ahead of time... RE Agent, Title Co/Attorney, Financiers, Contractors, Property Managers, etc... So looking for referrals for all those really. If not I can look them up and interview but figured It might be worth while to reach out to everyone and get their 2 cents. Path of least resistance.