All Forum Posts by: Shawna Machen

Is being an intern possible in Real Estate? Learning from a wholesaler. When I find a house, after running the numbers my anxiety kicks in and I feel like I can't move forward. I hesitate at moving forward.

Jon S.

Hello!! My goal.......at this point getting over this anxiety. I haven't made a deal yet but getting my ducks in a row is certainly harder than actually running a daycare (for real). Specifies, that's what I'm asking. Fast cash would be a goal to achieve now while I'm learning the do's & don'ts. Wholesaling, finding a FSBO, setting up a contract with the seller meanwhile find a buyer to buy the property (fast) get that contract going, get to the title company so I can get paid. I know it's not that simple but geeeez!!! You mentioned risk tolerance, what is that?

Hi Sue!

I'm also a newbie and learning from these posts. Have you gotten any information on what you should not mention?

~Shawna

Joseph M.

Wow!!!!! No the investors did not ask for a plan. They gave me multiple ways of funding me and strongly suggested wholesaling because it's quick and a good way to start learning and a great way to venture out to find my path in real estate. I'm branching out for advise because there's so many paths to getting started. I've never made a deal, never made the first step to making a deal so I'm at the beginning stage of my career and I can not afford to mess this opportunity up. I understand I will make mistake and I will definitely learn the first time but I'm on my own and need a strong foundation to take my first step. As far as exit strategies, never crossed my mind. I will most certainly research that and find the best exit strategies so I won't be taken. Thank you very much for you have brought up things that have not crossed my mind. Sincerely.

Char Prado,

I was in the oil field before my career change. REI interests me because even when it's bad I can still have a cash flow and still be stable. I did not have that in the oil field. I'm learning the marketing now, as I reply back! As far as flipping houses, I have not as of yet. I need one that requires very little due I'm still learning and I don't want to get in over my head. So, I need to start very small for the first few flips. And experience I have none under the belt. I'm learning through my questions and researching. I clicked on the tab above, the podcasts are amazing!!! I love them. I have gotten so much information. Definitely very helpful. Thank you very much for replying to my message. I greatly appreciate your response.

Thank you Paul & Kevin. I have funds available to me but I'm so overwhelmed by what to do for fast cash using OPM. That's my only option at this point. I want to get my foot in the door & start getting experience. 

I'm very new to Real Estate and I've heard for the last year that other people's money is the way to go when starting out just because I'm learning. But, in your post you bring up subjects that never crossed m mind but of course I'm starting out in this career with knowledge from the internet and from my mistakes.

Thank you.

How can I use this process without losing. Having access to a large amount is scary especially when it's my first time. So much information I don't know where or the smart place to start that will keep me going on my own once the "other people's money" is gone. Please help me with advise. What would you do? Knowing what you know now, how should I start with this money?

Thank you!!