All Forum Posts by: Seth Singer

Thank you Heath!

Hey Erik, 

In my opinion, I don't think any amount of money paying for a group would ever be worth it. If your time is worth $500 an hour I would spend the 5k on 10 hours of searching for a free mentor. In my experience investors love talking about investing. My favorite way to find a mentor was to look on Zillow for houses for rent in your area and then click on the ones that are 'for rent by owner' then call them and introduce yourself as an investor in the area who is looking to meet new investors. 

There will definitely be rude slum lords but I would say I have made some seriously good connections from just introducing myself. The other main way I did it was by just telling people that I invest and kind of just talking about it all the time. The more I talked the more I found out how many people in my life either invest or are interested in investing. From there most of the time the personal connection is there and they have no problem sitting down for a coffee chat. 

Ask the investors you meet to work for free or have them walk you through something you don't understand. Most investors are very easy to talk to and understand because they were at where you are. Also not mentioned but worth noting. Biggerpockets has a ton of free accountability groups which will keep you on track for your first investment and also teach you along the way! 

Hey Everyone,

I'm 20 years old and excited to be closing on my first rental property on 1/31! It's a small single-family home in Florida that I plan to BRRRR. The property is a cosmetic flip, needing cleaning, floor refinishing, and interior painting. Fortunately, all major capex are in great shape (roof: 5 years, AC: 3 years, siding: 6 years).

I just wanted to say a big thank you to the BiggerPockets community! From podcasts to forums, you’ve all helped me learn, save, and build the confidence to take this step.

That said, I’m reaching out to ask for advice. I feel like I have a strong grasp of the general knowledge needed for a first property, but I’d love to hear something different. What’s one piece of advice you wish you had when starting out? Or, what’s something you don’t hear discussed often that could help me avoid common pitfalls?

For those curious about the numbers:

• Purchase Price: $95,000
• Renovation Costs: ~$4,000
• ARV: ~$140,000
• Expected Rent: ~$1,500

Thank you again for being an incredible resource. I can’t wait to share updates as I start this journey!

Hey Anthony, in that case I would probably invest out of state and find a partner in that state to be the boots on the ground. You have the resources to know what you’re doing and for renovations your dad I’m sure could put a great scope of work together. If you are ever looking to invest in Florida we should connect! Right now I am aiming to do two houses a year but could always throw in a partner to do more with! 

Hey Perry, I am open to talking about it. I am out of Orlando but am willing to invest from mid distance. Let’s connect sometime in the next couple days. Feel free to connect with me and we can talk!

Hi Craig,

I saw your post and wanted to reach out! I invest in the Orlando area and have experience managing rental properties and sourcing off-market deals. I’ve successfully partnered with a monetary investor on a single-family property where they provided the funding and held the note, while I handled all the renovations and ongoing management.

It sounds like you’re looking for a hands-off approach with your next investment, and I’d love to discuss if a similar partnership could be a good fit for your goals. If you’re open to it, I’d be happy to chat further about how I manage projects and ensure they stay on track.

Let me know if you’d like to grab a coffee or set up a virtual call to talk more!

Hey Kyle, I’m also from Ohio! I’m 20 now and I have 1 unit and I co-manage a portfolio. My advice for you is different than everyone else. 2 years ago I was in your shoes. Everyone told me the same thing. They are all right! BUT, I think there are some things that I did that you should deploy if you are set on getting in the game now. 

1. Tell everyone you know you want to get into it and that you will work for free. Brandon Turner talked about it in his 2nd book, The book on real estate investing, he got a private money lender for one of his first deals from someone he went to church with. He did it by just telling people he was an investor. I did this and I found out that there is a surprising amount of people in my life that invest. From there ask them if you can come shadow projects or help manage. Ask if you can do little tasks like having to go change a lightbulb, change a lock, etc. I found that a lot of self managing investors appreciate it a ton if they don’t have to do those things. Then from there they will start gradually providing you with knowledge on the job. 

2. My second piece of advice coincides with my first but that it is you have time. You may lack money but having the flexibility to learn/work for free (and learn). Your age will also deter people from investing with you (don’t worry I got that too). But if you can prove to investors that you know your stuff, and you back it up with projects. It flip flops, it actually makes them more intrigued. Spend your time listening to bp podcasts and reading books. Offer up free work to investors. It will pay off 10 fold.

3. Lastly, don’t get over levered or into a bad deal because you are so ambitious. Use it to fuel you but do not fall in love with a deal and force it through. 

I’d love to connect if you are looking for more of a conversation or even just to have each other in our network. You’re destined for great things, good luck! 

Hey everyone,

My name’s Seth, and I invest in and around Orlando, Florida. I’ve read five BiggerPockets books and listened to hundreds of hours of the Rookie Show podcast, but I’ve never been too active in the forums until now. Recently, I’ve been diving in and realized the incredible value of the connections here.

I’m currently looking for a partner to collaborate on a long term single-family property brrr. I am looking to have my partner bring the money and hold the note. I will handle finding the deal, renovating, and managing.

I’ve successfully done this before with one property and have experience managing 20 rental units and finding off-market deals. My first partnership went very well, and now I’m looking to replicate that success. I figured the BP community would be the perfect place to find someone like-minded who shares my passion for real estate investing.

If you’re in the Orlando area, I’d love to grab coffee or lunch to chat further. If not, we can always set up a virtual meeting!

Hey Jack,

My name’s Seth, and I invest in and around Orlando, Florida.

I’m currently looking for a partner to collaborate on a long term single-family property brrr. I am looking to have my partner bring the money and hold the note. I will handle finding the deal, renovating, and managing.

I’ve successfully done this before with one property and have experience managing 20 rental units and finding off-market deals. My first partnership went very well, and now I’m looking to replicate that success.

If you’re in the Orlando area, I’d love to grab coffee or lunch to chat further. If not, we can always set up a virtual meeting!