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All Forum Posts by: Mike Finn

Mike Finn has started 11 posts and replied 47 times.

Post: Questions on mentors

Mike FinnPosted
  • Posts 47
  • Votes 15
Quote from @Jason Anderson:
Quote from @Mike Finn:

I agree with most commenters. Be leary of mentors/classes. I know several people who have paid tons of money to mentors with nothing to show for it. Really hard to sift through all the bad "mentors" to find a true one. 

That being said, I have been really lucky. I found a few local mentors who helped me get started (free of charge, just bought them coffee/lunch when I needed advice), and then found a mastermind. The investment into the mastermind was not cheap, but ended up being the best money I've ever spent. I am happy to connect you with the person who started my mastermind but know this: Any group like the one I joined is only as valuable as the time you're willing to invest in it. If you sign up and never attend any of the classes/discussions, then you won't gain value. You have to be prepared to really push yourself to extract the maximum potential value. 

Thank you Mike. I will eventually get into a mastermind  but for now I will stick with what I got. I do see the value in the mastermind . Like you said they are not cheap. I would like to join a mastermind when I have a few properties under my belt. Thanks again

 Makes sense! This forum and those you meet here can be a great resource in the meantime. Dont hesitate to reach out to me for (free) advice! Certainly not as well informed as many on this forum, but happy to help if I can

Quote from @Nicholas L.:

@JD Martin

yep.  and some will point to the EXCEPTIONS who somehow blew up at 22, broke all those rules and bought 300 properties.  that's fine. they exist.  but i've always thought, that's like saying you can play basketball in the NBA because LeBron does.  


 Well said! Have to play to the odds

Post: Questions on mentors

Mike FinnPosted
  • Posts 47
  • Votes 15

I agree with most commenters. Be leary of mentors/classes. I know several people who have paid tons of money to mentors with nothing to show for it. Really hard to sift through all the bad "mentors" to find a true one. 

That being said, I have been really lucky. I found a few local mentors who helped me get started (free of charge, just bought them coffee/lunch when I needed advice), and then found a mastermind. The investment into the mastermind was not cheap, but ended up being the best money I've ever spent. I am happy to connect you with the person who started my mastermind but know this: Any group like the one I joined is only as valuable as the time you're willing to invest in it. If you sign up and never attend any of the classes/discussions, then you won't gain value. You have to be prepared to really push yourself to extract the maximum potential value. 

Quote from @Nicholas L.:

@Sean Petrie

house hacking is a great way to get started but not everyone's situation permits it.

here's a great thread on the challenges of investing OOS in the midwest.

https://www.biggerpockets.com/forums/48/topics/1159104-overl...


 Great thread, thanks for sharing!

There are a few pockets that might cashflow well, but I would consider different suburbs. Home prices are ridiculously high right now. That, coupled with interest rates being so high, make it hard to find a house that will cashflow right off the bat. They are out there, will just take some digging!

Post: Hello from the heartland!

Mike FinnPosted
  • Posts 47
  • Votes 15

Start listening to Podcasts, man! BiggerPockets is your friend. They have published a ton of books on real estate. My advice is to start reading. There are so many strategies out there, it might take some time to determine what works best for your goals.

Which brings me to my next point...what are your goals? What do you want Real Estate Investing to do for you? Are you looking to replace your income? Or are you more concerned about cashflow after retirement and have no plans to leave your W2? There are so many avenues available to you, but you want know what path is best until you wrestle with these questions. 

Best of luck!

Post: Syndications - What?

Mike FinnPosted
  • Posts 47
  • Votes 15

Wow, imagine my surprise to see @Wyatt Seidel and @Brett Deas talking to each other on the same BiggerPockets post. Small world!

Post: Fix and Flip Lender Recommendations

Mike FinnPosted
  • Posts 47
  • Votes 15
Quote from @Sienna Keillor:

Hi Mike, 

Keillor Capital funds fix and flips. Available for a call? Can quote within the hour


 Thanks Sienna, messaging now!

Post: Fix and Flip Lender Recommendations

Mike FinnPosted
  • Posts 47
  • Votes 15
Quote from @Sophia Buesing:

Hey Mike! We help with a ton of fix and flip projects. Would love to help!


 Hey Sophia, sending a message!

Post: New rookie Investor

Mike FinnPosted
  • Posts 47
  • Votes 15
Quote from @Reginald Cabine:

Hello, I am a rookie investor trying to understand how to invest in my first property without losing my shirt. I've read articles about hard money lenders want to know is this a viable option? 


 Really depends. Are you looking for a buy and hold? A flip? Single family, multi-family? 

Lots of unknowns in your post. If you dont know the answer to these questions that is okay, dont get discouraged! Keep reading/researching until a path resonates with you. Then you can rely on this forum for next steps