All Forum Posts by: Shaleaha Flowers

Today was a great day for my real estate investing career! I met with a realtor who is not only investor-friendly but also agreed to mentor me and work with me to get started.  She’s s been in the industry for over a decade. She is knowledgeable, experienced, and willing to share her expertise with me.

During our meeting, we discussed our shared passion for real estate investing and how she can help me grow my investment portfolio. She offered to mentor me and work with me to find the best investment opportunities in the area. We also talked about attending networking events together every last Wednesday of the month to build connections and expand my network.

I am excited to have her as my mentor, and I know that with her guidance, I will learn a lot about the real estate industry and investing. We set a goal to work together for six months from today, and at that point, we will revisit the conversation about me becoming a licensed realtor.

Having a mentor in the real estate industry is crucial for anyone starting out, and I feel incredibly fortunate to have her guidance. Her experience and knowledge will help me make informed decisions and avoid costly mistakes.

Best Regards, 

Until Next Time! 

Quote from @Marc Rice:

Quote from @Shaleaha Flowers:

Hi All, My name is Shaleaha, I’ve been studying Real Estate since February of 2022, and enrolled to a paid mentorship. I’ve also read books such as Think and grow rich, The Millionaire Next Door & Rich dad poor dad which then inspired me to start my own business to gain financial freedom and build great relationships with other people. I am also new to this incredible resource Bigger Pockets Community. More importantly, I am looking to start networking with investors, investor friendly real estate agents and attend networking events to enhance my portfolio. My goal is to invest in fix and flips to build a rental portfolio and/or buy property to perform a complete renovation and put it back on the market within 6 months. I’ve learned while being mentored, in order to thrive successfully in my goals, it’s all about networking and solid connections. I’ve written out a Business Plan for 2023 to make sure I am staying focused and aligned with the core values of planning, finding deals, analyzing the deal, get funding and staying motivated. I would love for a seasoned investor/lender to review it and give thoughts and/or recommendations. Thank you for reading. I look forward to hearing from you. 

Best of luck! Buying a 2-4 unit house hack is a great way to get started with only putting 3-5% down. Ask your lender about the HomePossible 5% down 2-4 unit loan program, FHA 3.5% down loan program, and call around until you find a bank who can do a 2-4 unit portfolio loan for 3-5% down with no PMI (some of these portfolio loans require you to be a first time home buyer).

If you have any questions I'm happy to help. Make sure to find a good investor friendly realtor who owns property themselves.

Hi Marc, 

Thank you for your encouraging words. I reached out to some lenders today to request a one on one to see my options. I will definitely mention the options you suggested. I also had a meeting with an investor friendly realtor today and it was incredible. I think we’re off to a good start and heading in the right direction. Thank you for the open door policy. I will keep you posted on my progress. Thank you again. 

Quote from @Sloane Kraftsow:

Hi Shaleaha! Congratulations on all your hard work; you inspired me to read The Millionaire Next door and create a business plan for 2023. I am new to the real estate industry as a recent college graduate beginning a career in loan origination. I would love to connect with you and learn from each other! Good luck with building your rental portfolio! 

 Hi Sloane, 

Thank you so much for your support. The millionaire next door was really good book. My business plan really help me stay on track with everything. Plus when I read it everyday it gives me more motivation to envision myself accomplishing my goals. 

Congratulations to you as well. Completing college is a huge accomplishment. I see you’re in New York, I am was born and raised in Manhattan. I look forward to connecting with you as well. Please continue to keep me updated on your journey. 

Quote from @Scott E.:

Welcome to the forums Shaleaha!

I'm sorry to break it to you but if you've been studying since Feb 2022 and you still have not taken action, you are officially stuck in what's known as "analysis paralysis"

It's very important to start with getting educated through books, podcasts, forums, networking. But eventually you need to rip off the bandaid and do your first deal.

Now full disclosure - This exact moment in time happens to be a bit of a sketchy time to get into real estate. But there are motivated sellers out there and there are definitely deals to be had.

I recommend you revise your business plan to this: Stop reading, stop researching, and buy a property by XX/XX/2023.

Tell your agent what you're looking for. Start touring properties. Start underwriting deals. And start making offers. If you have ANY questions along the way, you can bring them here to the forum and we'll help you out.

I will agree I was stuck and scared of failure. I am meeting up with an agent tomorrow to discuss goals. During my time studying in 2022 I joined a paid mentorship. Even though I didn’t complete a deal on my own, however I did observe many. I’ve been on different softwares to generate leads and things are going well. 

Thank you for the support. I really appreciate it. & I look forward to keeping you updated. 

Hi All, My name is Shaleaha, I’ve been studying Real Estate since February of 2022, and enrolled to a paid mentorship. I’ve also read books such as Think and grow rich, The Millionaire Next Door & Rich dad poor dad which then inspired me to start my own business to gain financial freedom and build great relationships with other people. I am also new to this incredible resource Bigger Pockets Community. More importantly, I am looking to start networking with investors, investor friendly real estate agents and attend networking events to enhance my portfolio. My goal is to invest in fix and flips to build a rental portfolio and/or buy property to perform a complete renovation and put it back on the market within 6 months. I’ve learned while being mentored, in order to thrive successfully in my goals, it’s all about networking and solid connections. I’ve written out a Business Plan for 2023 to make sure I am staying focused and aligned with the core values of planning, finding deals, analyzing the deal, get funding and staying motivated. I would love for a seasoned investor/lender to review it and give thoughts and/or recommendations. Thank you for reading. I look forward to hearing from you.