All Forum Posts by: Scott Prock

Greetings!

I meant to post this yesterday since it was July 1st, it just means I'm one day closer right?! I don't expect a lot of exposure on this post, it's more for ME. A marker to signal the start to my journey.

The short version ... by this time next year (2017) I will have purchased my first property. 

I will be using the days leading up to my first purchase as education, and clean up. I know there are people who have purchased properties with bad credit, but good credit doesn't hurt right? So I will be cleaning/establishing credit. I see my first property being owner occupied, live in it for at least two years then use it as a rental. 

Along the way I will be concentrating my efforts on flipping in the Boise, ID area as well as Portland OR. With Boise having a very hot retail market, I will have to learn how to find the best deals off-market

I grew up in Portland, still have family there and although things have changed a lot since I lived there (1997) I know the metro area enough to figure out where I want to invest.

I'm the biggest "shiny object" chaser, and if I can't see results before the next shiny object, I get easily sidetracked. I currently drive as a courier. Ten hours a day, five days a week will afford me a lot of audio training and placing a one year mark should help my brain register this as something I can accomplish. Shiny objects may still catch my attention, but as long as I keep feeding my brain with real estate investment training, I'm confident I will take action.

I turned 45 this year, and it would be great to hit freedom by the time I turn 50 ;-)

That's a great question I have been wondering too.

It's a seller's market for sure, higher demand for homes and lower supply means they don't stay on the market for long and often go for more than asking price. Why wouldn't a seller just place their properties on the market? I'm as green as they come so I have a lot to learn.

... Scott

Absolutely! Thanks for the replies. I'm currently guzzling as much as I can. I have a 10hr/day courier route with tons of time to listen to podcasts and audio books. I'm currently going through the Bigger Pockets Podcast and am half way through Brandon's no money down book on Audible.com.

Greetings!

So excited to learn all I can about this market. I have always had an interest in real estate. I even purchased a Carlton Sheets system back in the day (returned it for a refund cause my ex-wife was not on board) I even remember my first exposure to real estate was through Mike and Irene Millan teaching rentals using tax free municipal bonds as an alternative to FSBO to carry the contract.

Fast forward 30 years and now I caught the bug again after listening to Clayton Morris on a TWIT podcast with Leo Leporte.

I'm trying to decide which area is the best fit, but basically I have no money, and a credit score in the mid 400's ... For now, I'm content with learning and gathering information to determine which direction to go.

What great resources we have in this day and age of information!!!