All Forum Posts by: Michelle Joiner

Sametra,

Welcome to Bigger Pockets! Networking is key.  Tell everyone you know your are a real estate investor & attending real estate club meet-ups is a great way to meet other investors.  While there be sure to arrive early so you have a chance to introduce yourself and mingle. 

Andrew,

Sorry to hear you were having a problem with a Non paying tenant and hope it's been resolved by now.  If Not, I just want to add that being connected to other real estate investors is critical.  

Many of them have had the same experience and are probably a Pro at evicting Tenant. With the right team of people in your real estate network you can take Action and expedite things quickly.  Also, I would suggest you seek out Real Estate Investments Clubs; Real Estate  Associations; or look for Meet-Up Groups that are ALL about real estate business.  You will find other investors ... attorneys etc that are willing to give you good solid advice and help newbie investors.  Good Luck!  

Hi Elizaveta,

Because you were Denied by the HML, I would consider the Loan with your Dad. You can probably get a better Deal Financially in terms of interest rates & avoid the high cost of Points and other Feee's associated with a HML. Let's face it, Hard Money Loans are very expensive. Good Luck!

Welcome to the BP Family! We are here to help each other succeed in the world of real estate.  Here, you'll finds tons of valuable information that will help enhance your knowledge as you decide what avenue to pursue in real estate.  

At your leisure, there are books on the BP site all about real estate investing well worth the read.  Also, I would suggest tuning  into the podcast to get your feet wet.  The forums on BP are also  great for asking questions and reviewing others comments.  

If time permits, consider visiting local investment clubs, you'll have an opportunity to meet other investors both new like yourself and seasoned.  Many of them will share there experiences and wisdom.  I wish you much success.

In the beginning of my journey as a real estate investor, I sought out information from various people.  As time went on, I discovered several things were needed in order to keep me motivated, inspired, and focused in order for me to be successful ongoing.  Maybe some if not all of the ^ Tips listed below can help you too.  Best Wishes with your real estate investing!

6 TIPS on Getting Started Investing in Real Estate Today

1. BELIEVE you can be a Successful Real Estate Investor. Tune in and listen to motivational video's and music if you need to self-motivate.

2. Take ACTION Today! Do something each & everyday to make your Real estate business a success.

3. EDUCATE Yourself ongoing~Tune into Podcast, Webinar's, Read Books & Articles about real estate to enhance your knowledge.

4. NETWORK~ People like to do business with People they *Know, Like, & Trust go to Investment Club Meetings and/or attend Local Real Estate Investor Meet-ups. Build your network. As the old adage goes "Your Net worth is attributed to your Network" So, get busy!

5. STRATEGIES~Implement numerous strategies that will help you to stay focused on your business. Keep an open mind. Sometimes you have to make changes if the strategies Not working.

6. Develop SYSTEMS that will help you to utilize your time wisely and avoid wasting time and generate cash flow. After all, your real estate business must be profitable.

by Michelle Joiner, Real Estate Investor, 

Through BP, I am Inspired & Motivated as a real estate investor.  As I tune in to the podcast and webinars, I take away a tips, leads & referrals that can be utilized to help me with continued real estate success.  

As I communicate with other via the forums, I am able to make meaningful connections.  People like to do business with people they Know, Like and Trust. Kudo's to You & BP.  I wish you continued Success.

Marlon welcome to the BP family.  I am a real estate investor~wholesaler and attend a weekly real estate investment club meet-up most Thursday's at noon in Broward.  If you have the time one Thursday, afternoon, I would like to invite you to as my guest.  Like BP,  the club consist of seasoned and newbie investors.  It's a great way to start to build your real estate network~make meaningful connections & possibly build your buyers list over time. 

On occasion, I also attend several other real estate investment club monthly meetings depending on the topic. Those meeting are usually held around 5:30 pm/6:00 pm-8:00 pm. In the past, if it's your first visit, you were allowed to attend for free.   Please feel free to contact me and let me know if your interested in attending and I'll forward the links.  I wish you much success with your real estate biz.

Thanks everyone for your feedback!

The property is  not yet under contract pending a financial analysis for the property improvement.   I have been in touch with the City Compliance Department, a GC and plumber to determine if this would be worth my time and a great wholesale deal? I expect to receive all information later today.

This afternoon I will speak with the City Building Department to get an approximate of the actual cost for the projected sewer hook-up fee's etc.  I will then know if this deal is worth pursuing and if I should move on and seek other wholesale opportunities?.  

As for buyers, I have several interested  buyers.  But, not sure how long this process would take to close as a short sale with a lien needing this type of work and cost?

Is it possible to make an offer on a short sale that is supposedly with the bank? And if so, is there a way for me to verify the validity of the information I received from a phone call by this wholesaler? Please Help.... Deal or No Deal? "Thanks~A~Million

Not Sure? Received a call about a Triplex for sale initially @ $195K per another quote un-quote wholesaler, by the way his wife is a real estate agent. Supposely, the owner gave the property back to the bank.  As I dig deeper prior to submitting a contract, I find out the owner has a Lien "Yike" in the amount of $160K & per the whole sale it was reducted to $21K.  I did my due diligence and checked with the city & code enforcement states the bill is still accruing at $100 per day per for the past 3 years.  The owner refuses to hook-up the plumbing to the city sewer.  

Is this a DEAL or No DEAL?  Property located in a nice area and each unit is rented, Property needs a new Roof, Kitchen & Baths need updating.  Although, I predict the A/C & Electrical may need updating at some point not sure about the plumbing.   

Is it possible to make an offer on a short sale th