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All Forum Posts by: Patrick Wheeler

Patrick Wheeler has started 22 posts and replied 309 times.

Post: First BRRRR Deal (Southern Brazoria County, TX)

Patrick WheelerPosted
  • Real Estate Agent
  • Boston, MA
  • Posts 319
  • Votes 80

What exactly is BRRRR? I have had trouble figuring it out between looking up related discussions on here, as well as other research.

However, great job on the house! Glad to hear everything worked out well.

Post: First Flip in Columbus, OH

Patrick WheelerPosted
  • Real Estate Agent
  • Boston, MA
  • Posts 319
  • Votes 80

Great job! Keep up the good work!

Post: Be Patient or Figure Out a Creative Strategy?

Patrick WheelerPosted
  • Real Estate Agent
  • Boston, MA
  • Posts 319
  • Votes 80

@Jean Bolger I do currently have some funds, but you are definitely right. Analyzing properties is something I need to start getting really comfortable with. I am hoping my aunt, who is a real estate agent, may be able to help me with that. Lastly, I was just thinking of possibly coming up with some creative strategies, that would possibly be better alternatives to conventional loans, etc.

@Brian Gibbons Yes absolutely. Luckily I consider myself very patient, but does not make it any easier! I will be obtaining my license at some point, currently working on completing some courses in a different area. I definitely appreciate the referral and will absolutely have to reach out.

Post: Be Patient or Figure Out a Creative Strategy?

Patrick WheelerPosted
  • Real Estate Agent
  • Boston, MA
  • Posts 319
  • Votes 80

Hey Everyone,

I'm attempting to start investing, but am possibly hitting an early roadblock. Recently I went through the process of trying to get pre-approved. Ultimately I was told that I would need to have a co-signer as a result of only working part time at the moment (I am starting a full time job in early October).

A possible solution that I am considering is having my friend/potential partner go through the same process to qualify for a mortgage, since he has had a stable, full time job for some time now. He has already shown willingness to do so, therefore I am wondering whether this may be the best route to take, or, should I be patient, continue to learn/network and revisit my own situation after I start the full time job in October.

Trying to find a balance between patience and looking into creative strategies to get started.

Any advice is always appreciated and let me know if more information is needed to understand the situation.

Post: Trying to get as much info as I can before I start Investing

Patrick WheelerPosted
  • Real Estate Agent
  • Boston, MA
  • Posts 319
  • Votes 80

I'm very new to real estate investing as well, but what I have found myself doing early on is spending a lot of time reading posts on here as well as listening to the podcasts they have which are great.

Another thing I would do is download the Ultimate Beginners Guide under the learn tab. Personally I printed it out so I can take it with me wherever I want.

Once you are comfortable enough, I think most people would say to definitely jump in and close on your first deal. You will learn most by doing rather than just watching.

Hope this helps a bit!

Post: New Member From Boston, MA

Patrick WheelerPosted
  • Real Estate Agent
  • Boston, MA
  • Posts 319
  • Votes 80

@Jim Sestito Those are definitely things that I need to figure out for myself so thank you for pointing those out! I will definitely reach out to you.

@Dan Marriggi Thank you for the welcome and the offer for me to reach out. Much appreciated.

Post: New Member From Boston, MA

Patrick WheelerPosted
  • Real Estate Agent
  • Boston, MA
  • Posts 319
  • Votes 80

@Josh Parra Nice, those sound like a great opportunity! I will definitely have to attend those meetings.

Post: New Member From Boston, MA

Patrick WheelerPosted
  • Real Estate Agent
  • Boston, MA
  • Posts 319
  • Votes 80

Thank you @Mark Nolan much appreciated.

@Mike Hurney I have yet to decide exactly what type of investing I want to get into. Most likely going to choose whatever best works for my current situation.

Post: New Member From Boston, MA

Patrick WheelerPosted
  • Real Estate Agent
  • Boston, MA
  • Posts 319
  • Votes 80

Hey Everyone!

I'm finally getting around to an introduction post. My passion for real estate began pretty recently so I am eager to learn as much as possible before I get started since I do not have any prior experience.

I look forward to connecting with as many people as possible and if there is anyone in the Boston area, specifically, that wants to connect please feel free to reach out to me!

Kind Regards