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All Forum Posts by: Madeline Shawcroft

Madeline Shawcroft has started 2 posts and replied 5 times.

Post: Couple interested in rentals and flipping with no money down

Madeline ShawcroftPosted
  • Flipper/Rehabber
  • Colorado Springs, CO
  • Posts 5
  • Votes 0

@Russell Gronsky

Thanks for the encouragement. I know we aren't in the most ideal position financially but we really aren't in the worst either. I'll definitely go back through the podcasts and find some of those people to connect! Thanks for the heads up. 

Post: Couple interested in rentals and flipping with no money down

Madeline ShawcroftPosted
  • Flipper/Rehabber
  • Colorado Springs, CO
  • Posts 5
  • Votes 0

For me it isn't about becoming super rich or making millions. It's about taking something ugly and run down and making it better. Do I want to make profit- yes. But I am not focused on getting filthy rich. I do think getting a RE license would be good. Having my husband learning to build and remodel homes is also beneficial for us.

Post: Couple interested in rentals and flipping with no money down

Madeline ShawcroftPosted
  • Flipper/Rehabber
  • Colorado Springs, CO
  • Posts 5
  • Votes 0

thanks guys for all the tips. One of our main focuses right now is getting our car paid off which aside from student loans is the only debt we have. We personally would rather take a smaller profit from a flip than not flip at all. Any profit is profit to us right now. Ha. I believe that in CO you have to have a real estate license to be able to manage property officially. I've thought about becoming an agent or broker because it would be a great in but that also costs money. We might look into later after getting our debt paid off. 

To us wholesaling just sounds scary with so many chances to mess up and get in a legal situation. I know if We learned everything it might work but I don't know if we are really comfortable with it. 

I'll definitely mention that we are investors to everyone. We do know some people with money but we don't even know a good way to approach them about investing. Have any of you guys done this?

We are going through the free course and then will be getting some of the books. If anyone has a hard copy they wouldn't mind parting with let me know. 

Post: Couple interested in rentals and flipping with no money down

Madeline ShawcroftPosted
  • Flipper/Rehabber
  • Colorado Springs, CO
  • Posts 5
  • Votes 0

Hello bigger pockets community! My name is Maddie and my husband is Patrick. We are from the western slope in Colorado. I am currently a homemaker but help manage my dads rental property and have worked for a property management company as a receptionist. My husband is going to school for construction management and works for a small business building homes and doing remodels. We are excited to started educating ourselves as we have over the last couple weeks in real estate investing. We only currently make enough money to survive living with family as we have 3 (almost 4) children and since he goes to school and his job only pays him $10/Hr at 30 hrs a week. We look forward to starting and learning and hope that soon we can jump right in although I will say we are nervous especially because of the lack of funds.

Post: How long did you soak in information?

Madeline ShawcroftPosted
  • Flipper/Rehabber
  • Colorado Springs, CO
  • Posts 5
  • Votes 0

My husband and I are starting to do the soak up of REI information. He started working in new home and remodel construction about 6 months ago and is going to school for a BA on construction management. We are wanting to do house flipping and also single family home remodel to rent. I am just curious how long other people did research and educated themselves before jumping into it. I know we aren't planning on doing it right away since we don't have any money current and between his work, our kids and his schooling we don't have the time we would want to put into it. What have been your personal best sources of information and learning.