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All Forum Posts by: Shannon Glanton

Shannon Glanton has started 4 posts and replied 23 times.

Post: Pace Morby Mentorship

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33

Hey Mario,

I literally jus applied to be a student 20 minutes ago. I love that you have commented on his program. Makes me feel very good about it. Do you know how long it typically takes for his team to reach out with an appointment time/date?

Post: Section Two Financing (Pace Morby)

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33

Thank you so much for posting your questions, the answers you've received have helped me as well. I was mind blown listening to the Podcast episode and am now considering taking the course.

Post: Creative Ideas to Out-of-state BRRRR

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33

Thank you so much for all of your input. I greatly appreciate you all taking the time to respond and give me much to think about.

~ Shannon

Post: Creative Ideas to Out-of-state BRRRR

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33

Greetings Bigger Pockets Fam,

I currently own a single family rental property (turn-key), fully managed by a property manager in San Antonio, Texas. I will be moving overseas in December, and I am looking for ways to grow my investing journey whilst abroad. I would like to purchase SFH and MFH that I can BRRRR, with small cosmetic (10-20k) issues. Hoping for creative advice of how to best BRRRR a property out-of-state (out-of-country). My biggest concern is having someone manage the day to day rehab operations, to ensure the project is moving along appropriately. What would you advise:

1. Pay a property manager to swing by the property every so often and send me pictures?

2. Create some sort of incentive for the contracting company (give them X of percent of the cash out refinance)?

3. Pay a virtual assistant to call/video chat to check on the rehab daily/every other day? (I will be working a full time job abroad, and will have a 7-9 hour difference in time zone)

4. Something creative that you've done in the past :)

I greatly appreciate your input in advance!

- Shannon

Post: Refinancing without a W2 job

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33

@Kurt Phillips I know this was posted a long time ago, but this thread really helped me out. As I plan to exit the Military, another W2 job is just not an option for me lol I want to be free! I've been pondering this for sometime, and I am glad you've found success with it.

~ Shannon

Post: looking for a good property management company

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33

I recommend CREST Properties. Pete and Allison are amazing and will be managing my property after closing next week. They are just great vibes and have kept me from making a bad investment by running real world comps for me on the front end. 

Great Luck!

~ Shannon

Post: First home first investment

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33
Quote from @Joseph Z.:

hey all
I'm living in NYC, 
I want to go into real estate, not sure yet if I would want to do house hacking or cash flow investment, or both.
I have over 250k cash ready to invest, would want to hear from the professionals about which way and path I should choose, should I try to invest in my area (NYC isn't cheap) or should I start out of state?
I'm not very risk-tolerant.
would love to talk to someone who is in the business for a while and wants to help.
Best

 Hey Joseph,

Thank you for asking this question. It definitely appears that we are in a similar situation of having the money, but struggling where to start. I have been dedicating massive time to finding the answer to this question. Unfortunately, I don't have much valuable input to add, but @Michael Glunk's answer spoke volumes and made me realize that I too need to figure out exactly what my end goals are and what help specifically I am asking for. 

This is why I love BiggerPockets, I learn so much from the questions that everyone else asks.

Great luck on your journey!

Post: Texas Newbie Support Group

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33

Greetings BP Fam,

Newbie checking in and looking for some investing friends to begin this journey with. A little bit about myself. I currently live abroad, but I am looking to invest in my home state of Texas. If you're new to investing, and looking for someone to walk through the fire with, I'd love to talk shop with you!

- Shannon

Post: Real Estate Pre-licensing Courses to become a better investor?

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33
Quote from @Evan Polaski:

@Shannon Glanton, I certainly have a different background than many here, but the real estate license material (and exam for that matter) provided little to no help in my investing.  Granted, I took the courses and exam AFTER having been investing directly for many years.  

Things I remember learning from the course, and now forget: how many sq ft an acre is, what the "back 40" means, random information about where property rights end if you buy along a body of water (being in Ohio, this means lake or river).

Things I learned, that I have never used while investing: All the random legislation like Fair Housing Act, lending laws, etc, when these laws were enacted, which one covers religion and which covers age...  To be clear, knowing what can be considered discrimination is VERY important, especially if you self manage your rentals, or list your own flips, but my take is: be a decent human and you will stay out of trouble.

I am sure there are some pieces of the finance side that can help, but I knew this from various experiences.  

As an investor, you are putting together deals and hiring out the rest. More than anything you need to know how to determine cash flow or returns, and how to get deals together (network to find deals, how to find tenants, what market demand is, etc).  None of this is taught in the real estate courses that I took.


 Evan,

Thank you so much for taking the time out to share your experience. I really appreciate your insight.

- Shannon

Post: Real Estate Pre-licensing Courses to become a better investor?

Shannon Glanton
Pro Member
Posted
  • Investor
  • Germany
  • Posts 23
  • Votes 33
Quote from @Kevin Sobilo:

@Shannon Glanton, I did exactly what your saying before I started investing. I never intended to take the exam or become an agent. After taking the pre-licensing classes I took a broker's course on real estate law. About 6 months later I ended up deciding to take the exams and get my license.

The classes to get an agent's license give you very basic background legal knowledge but not a lot you can directly apply without experience. You can get experience by investing, but you may "pay for your education" because mistakes can be expensive. You can however get a lot of experience as a part time agent.

I find being a part time agent facilitates investing. It keeps me active, helps me make connections, and gets me experience with a much wider variety of situations. 

There is no downside to more education! So, take it and carve your own path.


 Kevin,

First and foremost, thank you so much for your response and sharing your experience. I am still weighing the cost on getting licensed vs not. There are a lot of strong opinions on both sides of the coin. We'll see what the future holds. You are absolutely correct, there isn't a downside to education.

Again, I greatly appreciate you taking the time to respond and share.