All Forum Posts by: Nicholas Sheridan, Jr.

@Steven J. Yeah I do not have the contacts/network setup yet for wholesaling. I will check them out for sure.

@Steven J. Good point. I have a light course load this semester and next so I have some free time. Is this essentially what wholesaling is?

"Real estate wholesaling is similar to flipping except that the time frame is much shorter and no repairs are made to the home before the wholesaler sells it. A real estate wholesaler contracts with a home seller, markets the home to his potential buyers, and then assigns the contract to the buyer."

After I go through all of the podcasts I will look for some courses. I just got done reading Rich Dad Poor Dad and thought it was nothing special.

@Kuba F. Right right that makes sense. I am definitely going to check out what house hacking is. Yeah that is a good point. I read somewhere about an FHA 203k loan that required you to live on the property but obviously there are many different types of loans. I think my main issue is going to be obtaining a loan while I'm still at school and don't have an income stream.

@Joe Villeneuve   I appreciate you taking the time to write that.

"I have no real estate background. However, I have minor construction experience via diy projects my family would do around the house (finished the basement, backyard patio and fireplace, bball court, stone walls etc.)".

Are you saying that it will always be cheaper to higher a contractor/plumber etc.? 

"2 - Understand how to analyze Markets"

    I learned some of this in a dummies guide to rei but I have a lot more to learn.

@Chris T. Thank you for your response! I actually just joined an Entrepreneurial Mentorship program at my school to make re connections. I'm going to have to take a look into house hacking (I have no clue what it is). Also, I just started going through the podcasts yesterday. 

Hello BiggerPockets community!

So far this site has been very helpful and is packed full of useful information and insight from its members. My question is which type of rei is right for me?

About myself:

-22 years old

-Graduate this May from NCSU with a degree in Mechanical Engineering and a minor in Entrepreneurial Studies

-I have started up and ran my own landscaping company (Divine Landscaping) in NJ in 2006 till 2012 and recently a video production company (Non Stop Productions). I love to work hard and make money.

I have no real estate background. However, I have minor construction experience via diy projects my family would do around the house (finished the basement, backyard patio and fireplace, bball court, stone walls etc.). I also took a financial accounting class last semester which led me learn more about different types of investing (stock market, mutual funds).

The future:

I would love to purchase a duplex, fix up the other side and rent it out. However, I will have no idea where I will be working once I graduate this May. Another major consideration is that I am in a relationship that will govern where I will be living in 2020 (since she will be bringing in the dough as a physicians assistant and starts her 3 year med school in 2017).

Money!

I can comfortably invest a max of $30k by depleting my mutual funds (which earn ~6.5% a year) and possibly more if my parents want to get in on this.

Thank you!

Nick

@Jonathan Taylor Smith Thank you! I have heard a lot about this site and figured it was time to give it a shot. I have heard mixed reviews about Rich Dad Poor Dad but its on my reading list.  I actually just finished Think and Grow Rich by Napoleon Hill and I'm on The Lean Startup by Eric Ries (for my business class). I see that you are a RE agent here in NC, if you don't mind me asking, how did you get started?

@Jana Colgin You have to get started somewhere! and yes all the same to you

Hey everybody! A little about my 22 year old self: I graduate May 2017 from North Carolina State University in Mechanical Engineering and a minor in Entrepreneurial Studies. I have no background in real estate per say (except for the Real Estate for Dummies book I just finished), but I have a burning passion to make money. When I was 13 I started my own landscaping company in NJ (Divine Landscaping) and just recently started a video production company (Non Stop Productions).

Through the 4 years I have been in Raleigh, NC I have seen an enormous change in real estate and I am tired of sitting back and watching other investors get rich quick. My goals are to learn how to use real estate to earn a greater percentage on my money than my current mutual funds. 

Hopefully this website can get me on the right track.