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All Forum Posts by: Nick Albin

Nick Albin has started 14 posts and replied 115 times.

Post: How much money did you start with?

Nick AlbinPosted
  • Posts 117
  • Votes 3

Basically like it says above. How much money did you have when you first started off in the business? I know we all had different reasons for getting into this and different financial positions.

I have two properties so i am not a accomplished investor so I will leave it to you guys who actually have a fair number of houses under your belt, or a fair number of flips, etc.

Post: How to get started????

Nick AlbinPosted
  • Posts 117
  • Votes 3

Before you get started you have to have a plan and goals to accomplish.

Like said above. Educate yourself and see exactly what type of investing you would be most interested in.

Once you figure that out you can find out where to get started. But a local REIA would be a good start.

Good luck !!

Post: The Abandoned House from Hell

Nick AlbinPosted
  • Posts 117
  • Votes 3

Good god man!!

Thats another thing to consider when you get into real estate.

PEOPLE ARE INSANE!

However it makes for a interesting read.

Post: Strange Situtation

Nick AlbinPosted
  • Posts 117
  • Votes 3

Thats really odd. However people are scumbags ,so be careful and watch yourself.

Post: My first "flip"

Nick AlbinPosted
  • Posts 117
  • Votes 3

Awesome. Thanks for posting pics. I was planning on posting pics of my first rental I bought. Good luck with everything.

Post: How to estimate property value?

Nick AlbinPosted
  • Posts 117
  • Votes 3

Go out and look at properties in the area and see what they sell for and see how they compare to the property you want to sell.

Check your newspaper or local newspaper website and see what the property transfer look like.

Also do like what Rehab said. Get in touch with a agent and get them to see for ya.

Of course I guess you could shell out the dough and get an appraiser.

Hmm I bought the program. A friend and successful investor told me to get it. i did and I liked the course. I liked that course along with the Weekend millionaire book. That combination really helped me out. Oh and of course reading the forum from you guys.

The CS program gave me a lot of info. Plus with the videos and cds you can use otherwise wasted time on something productive.

Then with reading the forums and the weekend millionaire book I got a better idea of how to structure the deal as well as more applicable real world situations.

But all in all I was satisfied with my purchase.

(sorry about the long winded posted there)

Post: Idea from a new guy

Nick AlbinPosted
  • Posts 117
  • Votes 3

You obviously do not always need cash or good credit to buy a investment prop. However having those two things makes finding a deal that you can finance a lot easier. Just opens more opportunities.

Besides your very young, (i am not much older) so put yourself into the best possible situation and this way when you do invest you have a wealth of knowledge, you have a network of investors, professionals, and even a few tradesman for repairs, and you have the money and credit to open up a multitude of opportunities that would otherwise not be available to you right now.

But thats my thinking and you are your own person and I wish you the best of luck in whatever your plan to do in the future.

Post: (Almost) Got a Deal

Nick AlbinPosted
  • Posts 117
  • Votes 3

Awesome man. Glad to hear everything went well for ya. How are the renovations going?

Post: Idea from a new guy

Nick AlbinPosted
  • Posts 117
  • Votes 3

Hmmm. I started finding out about REI when I was 18-19. How much money do you have to invest with? I know at the time I didnt have much so I spent the next few years soaking up as much info and gaining as much experience as I could. All while stuffing my coffers for the eventual leap in to the fun and exciting world of REI.

Not saying its best for everyone but it certainly cannot hurt.