All Forum Posts by: Rowan Woodburn

Hello Bigger Pockets,

  My Grandmother house is going into foreclosure because she is 88 years old and can no longer manage this property. she refinanced in 2006 for 100k and now owes 80k for the property in which she is no longer making payments and so as a rookie investor I told her that I will help her get this property off her hands. The thing is I don't know where to start considering her situation with owing more than 50% of the mortgage. what should I do Bigger Pockets Family? what strategy would I use?

Hey guys I know I'm a couple days late on your post topic, I'm a newbie to REI and wholesaling in Florida is where I like to start my career in REI. My question is when someone has their RE license (Sales Associate) as an Wholesale investor will it still be illegal to get deals under contract? It seems like I'll be acting as a unlicensed broker right? Please let me know maybe I'm missing out on the perks on getting a license as a wholesale investor.

Hello Attila,

    My name is Rowan Woodburn, I live in Orlando, FL, I have key word alert linked to my BP Acct and you said you're an expert in finding deals at a discount price so how can a rookie wholesale investor like myself even convince a buyer to buy a contract from me?

I would like to start out doing wholesale investments then start flipping homes but my problems is no capital. 

Hello Bigger-pockets family

I was reading the book on how to get started in real estate investing and my main focus was finding a mentor that can coach me through this complexed industry and it also said to find a local mentor that's experienced but not so busy that he or she will charge me for their services, all I need to do is build a relationship with them. My concern is if I find a local mentor in my area, will I be competing in the same housing marketing as my mentor?  Will I  be competing against my mentor? Is that a good or bad thing? If not are there any local mentors in the Orlando, Fl  area who are willing to coach and build a trust worthy relationship with a newbie like me? Lol!

Hey Guys, 

I'm still learning how to use bigger pockets social media but I have two people replied to my topic about being a newbie on this website so I don't know if this topic is going to both of you guys or one person. My question is as a rookie investor how do I start out getting a power team and getting them to trust me to make deals with me? How do I even approach a bank to borrow money to purchase a house? Do I have to write a business plan and present it to everyone on my team that I'm a real estate investor that is just starting out and I want to make us some money? How does it work out together?

Hey Mark, 

     Awesome idea on how to establish my credit again but how many times I would do that $1000 deposit transaction for as long as want?

How do I start investing into real estate when I don't have cash or good credit? Do I build a business plan and then present it to hard money lender? How does it work? I need a step by step process order and operation strategy?

Hello Bigger Pockets Family, I'm a new member in Orlando, I'm on fire for Real Estate Investing and look forward to connecting with professional investors.