All Forum Posts by: Robert Williams

@Elisa Sacchetti If you truly find a good deal, there are plenty of people with money that will finance it for you for a percentage. The only issue is making sure you have the reserves to cover you until it can make you money.

@Greg Scott I came across this today practicing analyzing deals. The ask was $45k but with an offer of $47k cash flow was still above $200/mo. Only trouble was estimating the repairs as there are apparently some code violations that would need to fixed like rotted wood trim and a broken concrete chimney.

@Bill Brandt I agree. When I was renting, I was never charged a renewal fee other than the rent raise! At least it was never labeled as such…😂🤣🤣

@Joshua Bailey Not to scare you or anything, but I am new to REI and I was highly advised against using a HELOC for investing in my first property. HELOC should be deemed as a safety net for you personal home in the event of an emergency. If you run your HELOC up for your first deal, from all the horror stories I have heard about 1st deals gone bad, you may never recover. If this HELOC is not on your primary but rather another property you own, I say go for it as long as the numbers make sense. I was listening to Real Estate Rookie today where the investor did that. It added $90 to his existing mortgage, but he gained $300 cash flow from the new property, so it worked out.

I've been listening to as many of the the bigger pockets podcasts that I can ( about 70 in my first week) and for as far as I have gotten, no one has gone in depth about their team. Who all do I need to be successful at REI? Realtors, Property Managers, Bankers, Contractors… is there a defined list of all I could possibly need? Does it vary for BRRRR, Buy and Hold, Fix N Flip…

@Jonathan R McLaughlin It has crossed my mind. As I stated in a previous response, I struggle with the “sales” part because I don’t want to come off pushy. But you’ve helped me realize there way more ways to enter than I originally thought. I love your creativity! Thank you.

@Josh Mitchell Thank you. That would be wonderful!

@Ian Korpel it most definitely helps! It may help more to have someone to make the leap with! I was sharing with someone yesterday that my concern is failing and destroying my family. 3 little ones and a wife. It’s scary to think that I may not be able to take care of them.

@George Munoz thank you so much. I look forward to speaking with you soon.

 Thank You Bonnie. What interests me most is Wholesale and Flipping. I do have carpentry skills as I finished my basement by myself abut a year ago. I am totally open to whatever. The key for me is finding the properties and talking to people. I genuinely love talking to people, but I shy away from coming off like I'm trying to sell them something. If I get better at this and get over my nerves, I know I'll have my breakthrough.