All Forum Posts by: Minh Nguyen

Heidi, congratulations on the successful investment! 

I'm a South Florida resident also, who is just starting to learn about real estate, and I love seeing incredible success stories like yours here on BP. You made it possible despite the high prices in our market. 

You mentioned doing other rental deals before--how long did you watch and wait before finding your first deal?

In light of the recent BiggerPockets Podcast episodes, 321: How to Negotiate Real Estate—Expert Deal-Making Tactics with J and Carol Scott and Mark Ferguson and 321.5, I wanna ask the BP Community to share their "first negotiation experience" stories!

At first, I was about to title this "success stories", but then I realized that I also want to hear about your not-so-successful stories along with what lessons you took away from them. After all, I imagine that it's those lessons that help carve out the path to being a successful negotiator. 

This is such a great response, thank you. This definitely gives me more confidence to pursue the safer option right now--at least to start out and get my feet wet first before taking something bigger with more risks. 

 Hi Lisa,

Thanks for this response! Funny enough, I was also planning on doing the same thing by starting with 2 of my friends to rent the other rooms in a 3x2 place. It just seems like the path of least resistance to getting started with house hacking, and ultimately RE investing. I'm glad to hear that things worked out so well for you!

@Mike Roy this is such a comprehensive response, thank you Mike. Can you elaborate more on the part about being careful with the cyclical market? I keep hearing advice about not standing on the sidelines so I'd love to ask about more about your market-timing strategies if any.

@Seth M. Jones I appreciate this response immensely. I think your willingness to explain the process rather than an air of

smoke and mirrors is what FTHBs like me need in order to feel confident about working on big decisions involving capital and commitment.

@Russell Brazil I understand what you're saying and this is the essence of what I was trying to figure out--whether what I experienced was something that's common business etiquette when working with LOs. I will definitely have to speak to a few to get a feel of it for myself, but hearing the perspective on this is helpful as a primer.

Trace, I'm in the same position with working a demanding W-2 job (where I'm also trying to learn at maximum speed since I'm new to my engineering career). So between 10 hours of learning how to do my work at work, and then coming home to learn another 4 hours of real estate investing, I just hope I'm retaining enough information on both fronts. 

Looking forward to hearing about your progress on these forums!

 Wow, thank you for bringing my attention to this, I actually haven't heard of it so far. I just read up about it and will continue to research more. 

Michael, your point really helps put the matter into a perspective for me, since I've gone through the process of taking weeks and many trial and error while deciding on a primary care physician. So this is great reassurance that the same applies to the RE professional arena. Because I'm new to this, I wanted more perspective from people like you and everyone who has answered here so that I could set my expectations accordingly. Thanks so much for the affirmation!