All Forum Posts by: Richard Salazar

I was taught that there are 4 things that a real estate investor does. generate leads, analyze the deal, make the offer, and close on the deal and get paid.

Thank you guys for the great insights!

Thanks  to Dave, Joe and Shaun for your replies!

What should I practice every day to become competent in?

Can use the BP wholesaling calculator if I upgrade my membership to a PLUS account? How many pdf reports can I generate with the Plus membership?

Thanks Karen for the tip. I went to my first Metrolina REIA meeting three weeks ago. I liked it very much. I am going to sign up next meeting. I am going to check out meetup groups also.

Should I join my local REIA club if I am just starting out?

Hello Kevin,

I have not finished writing my business plan yet. But I have written half of it.(about 16 pages of it.) I am going to get help on it. Tuesday I am going to have someone from the small business center look at it and get help in finishing it. When I am done I will email it to you. Although my confidence has gone down due to lack of knowledge, skill and no experience. I was thinking of being a bird dog for Joe ( the investor/partner) first, then after six months graduate to wholesaler, and then after another six months graduate to part time investor/ partner and finally, become a full-time real estate investor. I think that I have to gain the skills of 1. fundamental analysis (reading financial statements or proformas) 2. deal analysis, and 3. structuring the deal correctly. I just need some investor education, and a mentor before I due my first deal. Thanks for offering to help me. I will let you know what happens and keep you posted.

Thanks guys for the advice! I will check out my local REIA club. I will also look into wholesaling.