All Forum Posts by: Nate Williams

@Adrian Smude Gotta accept your health will suffer some. That's life. A solid sleep routine is best for those who work long hours imo.

I'm sure some people need a kick in the butt. Some just need a little hope.

I'm trying to build in real estate so I can have more time to better my health physically, socially, and mentally. The 60-80 hr work weeks are often done out of necessity to eventually get to a 20 hour work week. In recent years, I have just discovered that I want to "own" my work. I want to have something I can pass down to my kids and something that I control. I want to be an owner, not an earner. For me, the only way I have found to get there is continuing my W2 while doing real estate 10-30 hours a week.  

@Ben Fernandez I'm with Ben. Sounds like you need to put some time in driving for dollars and be patient for an off market deal in order to make your numbers. Deals do exist that hit your numbers, but those deals won't find you. You'll have to find them and be the first one in the race. 

I scroll Facebook every day for about 15 minutes looking at houses for sale by owner, and I drive anywhere from 1-4 hours a week looking for houses that I can reach out to and perhaps negotiate a sale. I am aiming for similar numbers to yours, but an investor friendly agent will probably buy a deal like that themselves before they send it to you. 

The agent's scope of work and pay would not be different in most situations. They would get their percentage of the deal as stated in their contract. Even if you found the deal, if you're under an agent contract currently, you'll most likely need to go through them.

If you're not under an agent, you will have to handle the legal side of things, so the agent could very well be worth their 5%. If possible, work the agent fee into the sale price. 

Congrats and great find, Robert! Since it was for sale by owner, did you use an agent to handle the paperwork, or will the lender handle the legal part of getting the property into your name?

Sounds like you could have a good start house hacking or do a live in flip!

@Kevin S. What a great story, Kevin. I try and remember that giving for those who have the time and resources is a gift that should be received graciously. It even is a "trade" of some sort. They get joy of giving, and you get the gift of receiving. Thanks for that reminder!

Sounds like a great start to a journey! What do you mean by retreat center and community?

How are you estimating the repair costs?

@Nate Williams how was this property listed on social media? You must have grabbed it and closed quick!