All Forum Posts by: Nicholas Armstrong

@Jered Sturm

Spot on! 

I would love to have you! I will DM you more details so we can get together and encourage some fellow Sub 30 entrepreneurs!

I have listened to that specific podcast, very encouraging to say the least!

I agree, the foundational issues is financial ignorance. But I also believe that self limiting beliefs hinder potential entrepreneurs from ever starting. So I want to get the word out there that you can be successful in your 20's with a little bit of education and a mindset shift.

Also @Tim Johnson @Nicholas Sparks @Joshua D.

Y'all should check out something I just posted on something very similar to this topic here:

https://www.biggerpockets.com/forums/223/topics/34...

@Tim Johnson

That's awesome man. I tried to purchase a duplex for my first property to house hack as well. My deal sounds very similar to yours actually. But the deal fell through when the tenant wouldn't move out when I requested that the property be vacant when we closed. And the seller refused to evict them?? It was a really weird situation to say the least.

But anyways congrats! It's great to see other young people doing deals on here!

All the best,

Nick

Hey guys and gals!

Before I get to my actual post, let me just say this..

First and foremost, I'm pumped! Pumped about the future and what it WILL hold. Pumped about the big juicy problems I am currently dealing with (doing big things you know) Pumped about the success I'm seeing from others on BiggerPockets, and absolutely PUMPED about an epiphany that came over me as I was doing my MM routine this morning.. An epiphany that cleared the confusion as to why some are successful and why some are not. Why someone can work 10 times harder than someone else and not be as successful.. in any area of life! Why someone keeps going to the gym but never seeing results and why someone can hustle, but never close a deal. The epiphany my friends, will astound you at it's simplicity. Yet amaze you at it's truth. 

You ready for it? Here it goes..

Stop committing to results.. Commit to the process.

There you have it my friends!

The reason you haven't closed on a deal this month, is because you are committed to closing a deal this month and not Committed to cold calling 10 MLS listings every day for the next month.

The reason you can't get rid of that stubborn belly fat, is because you are committed to loosing belly fat and not committed to running 3 miles a day.

Essentially, my epiphany is nothing short of this.

Focus on the process and the results will come. They have no choice.

I go to the gym everyday because I've committed to making myself look pretty. And that commitment is fun! But when I get there the workout is tough! and I give up.. Because I've committed to the pretty physique and Not the 600 Arnold presses and 200 miles I have to run. Now that, that is a difficult commitment! But one that will guarantee my desired glutes of steel. ;)

Anyways, I hope I have inspired and encouraged some people out there who feel like they are spinning their tires, hustling to nowhere.. or just plain ready to give up. Change your focus up a bit and it might change your world.

Okay, now to get to the real reason I posted this evening. (sorry for the detour)

Several days ago after talking about what I have been doing in Real Estate with someone, an unnamed acquaintance of mine said that as a 20 something year old, he (or she) could not be successful in the real estate game. He or she went on to say that the opportunities I have come across would never happen to him/her. (I'm 22, so can I say challenge accepted?)

So, I told this person that I would ask my network what they have all accomplished in the real estate world in their 20's and how they accomplished it or came across the deal/opportunity. I told this person that EVERY response would be copied, pasted and messaged to him/her so I could prove to them that it is completely and TOTALLY possible which will hopefully in-turn motivate them to take action.

I actually took this challenge a step further.. 

Because this was nowhere near the first time someone has said this to me, and will certainly not be the last. I have decided to completely step out of my comfort zone. I have created a youtube channel and podcast dedicated to sub 30 success.

The videos and podcasts will be strictly about:

• Entrepreneurial mindset (in your 20's)
• Failure. how to view it and the success it brings (in your 20's)
• Investments (in your 20's)
• Business (in your 20's)
• Leadership (in your 20's)
• Tons of encouragement for people in their 20's
• Mindset Limitations
• And of course Sub 30 success stories!

The reason I bring this up is because if you are having success in your 20's I want to connect with you and get you on the podcast so we can encourage our generation of leaders, Entrepreneurs and future business men and women.

If you are in the least bit interested in joining up with me on the podcast or video as a guest please connect with me and lets talk success!

If you have had success in your 20's please share it here so I can prove some people wrong!! Go ahead, we all like to brag about ourselves..

Have a great night guys, and remember..

Your mindset, how you think, is a either a mountainous obstacle, or your greatest virtue when pursuing success.

Don't quote me on this but I believe 203(k) loans are owner occupant only. 

 If you're getting labor Pro Bono via friends and family you could get a line of credit at HD or Lowes for materials. I would be careful involving friends and family on a deal.. I used my dad to do some odd and end work on my first flip and it didn't turn out well at all causing issues with other family members.

Welcome to the forums! @Cole Vicat

Any and everything you need to know can be found on these forums.

I highly suggest you network the heck out of this site.. You'd be surprised at the opportunities you'll find.

Happy investing!

@Rickey Wallace

Not if you have an assignment contract.. Correct?

If the "new buyer" signs assignment contract they have accepted the contract as their own and you are essentially out of the picture. I'm not sure how your state laws work though.

@John D.

6-8 months escrow to escrow? Or just the rehab process? To me that is an extremely long time in either case for a 40-50k rehab. But, I guess if you're not using OPM then you can take your time :)

I guess the question is whether or not you want to leverage the rehab funds. If I were in your shoes I would try to pull a HELOC or something similar to fund that rehab.

 Thanks and Congrats man,

I wish you the best of luck! If I can ever be of help just let me know.