All Forum Posts by: Shelby Van Horn

I have been interested in rental arbitrage as well, and only haven't pursued it because getting landlords to approve this seems intimidating.  If you'd like to chat and maybe bounce some ideas off of each other, feel free!

Hi Rase,

I'm Shelby.  Also 29, in California, and looking to invest out of state.  Looks like we have a lot in common!  I'd love to connect & chat about real estate if you're interested..I don't have much to offer when it comes to chatting about Jiu-jitsu, ha, but I could talk about RE for days.

Shelby

 Thank you for the encouragement, James!  I do feel that he is interested and wanting to pursue it with me.  I feel like once we have our first success and get the momentum going, hopefully the enthusiasm will follow.  The event last night was awesome!  I'll send you a colleague request and I would love to chat about real estate!

Hi, Matt!  Thank you for the reply.  I'm going to message you and send a connection request.

Hey Everyone!

I suppose I am just here to get some perspective on how to bounce back from feeling discouraged. I have been wanting to do REI for a few years now, learning everything I can about it. It has been a struggle because of lack of capital and credit challenges. My SO and I decided to make it happen, which became a little easier after we formed an LLC and used his credit to get some capital. We were going to do a fix and flip over here in northern California, and we found one that we got under contract for $137,500, which as Californians know, is not super common. It had a great ARV, we had an inspection done, wrote out our rehab plan/budget, and were so close to moving forward, and it fell through at the last moment. Long story short, we thought we were going to be able to get more capital than we were ultimately given, and we were short about $13k.

I am trying to not be discouraged about this, but it's difficult.  I feel like I am so motivated, and while my SO is interested in the idea as well, it is mostly me being motivated and doing all of the encouraging/pushing to make this happen, and it's hard place to be in.  It just took so long to get to the point of almost having a deal, that I don't want to just keep reading and learning without taking action for however much longer it takes to get the momentum back.  It is hard to be in a position to have to depend on someone else wanting to do what you want to do in order to make it happen.  That said, he is very supportive and also has a tough and physically demanding day job, so I can understand why he doesn't have as much energy or enthusiasm for this as I do.  I just saw a change for our future whether individually or together.  I suppose I am just looking for advice on how to maintain a positive mindset when this sometimes feels impossible.

Additionally, if any of you are in norcal, I would love to connect.  I'm trying to build a larger network of people who have similar goals.  I was able to go see David Greene's house hacking seminar last night in Roseville, and it was really cool to be surrounded by like minded people!

If you made it this far, thank you for listening to my vent.

Brand new as well, so I can't offer much in the way of advice, but I wanted to share that I first got interested in real estate when I was around 24/25.  I didn't think I would be able to do it (not enough money, not enough credit, etc. etc.)  I kept hearing stories of people who accomplished crazy great things in real estate at 18, 21, and so on and felt bummed like I had waited too long.  Well, guess what?  I'm 28 now and the time still went by, so I wish I would have just started then.  My goal now is to make sure that, in another four years, I'm not saying the same thing.  I would encourage you to stick with it and set some concrete goals!

Hi everyone.  I have a question I'm having a difficult time finding a clear answer to.  My partner and I are new to real estate investing and are trying to do our first fix and flip.  We have figured out funding, but we overlooked a pretty major detail.  He is in the middle of a divorce in California that will be finalized in July.  Will this affect being able to purchase and flip a property?  If it makes any difference, we will be using a line of credit and hard money loan, so we won't be involved with a traditional mortgage.  We were talking about it just now and think there will probably be an issue when it comes time to take the title.  Any advice?  Thank you.

@Cassidy Burns I'm looking to find a partner to do my first flip with.  I'd love to accomplish more than one by the end of the year, but just super anxious to get going on my first one.

Hello!

My name is Shelby and I'm excited to be here.  I have been listening to the podcast for years and have always wanted to get into real estate investing.  My biggest struggle so far has been with learning and learning and feeling like I can't take action due to financial restraints and, I suppose, fear of failure.  I am working to overcome that and start taking action to create the life I want.

I am in my later 20's and am a paramedic as well as CPR Instructor.  While I love EMS, I can't stand the thought of trading my time for money for the rest of my life, especially in a field which pays well below what a career of that nature should.  I will always want to be in EMS, but I want to do it on my own terms for giving back and personal fulfillment -- not to rely on it for my income.

My current hurdle is that I do not have a lot of money to bring to the table, and my credit is in the lower 600's (which I am working to get up).  Because of this, I am looking for creative ways to get into the game.  My long term goal is to be able to have cash flow through rental properties, but since I am not in a place to be able to acquire those at this time, my main interests are wholesaling and fix and flips.  Fix and flips are what I feel most passionate about, but I do see the importance of long term cash flow as well.  

  As Brandon says, you need two of the three to be able to begin investing in real estate: knowledge, hustle, and money.  While I do not have the money, I definitely have the hustle and continue to acquire knowledge every day by listening to the podcasts, reading books, studying everything I can involving real estate, and now connecting with all of you.  I am located in northern California, but am also interested in virtual wholesaling and fix and flips in other states, considering the cost of property in California.  I have a flexible schedule and am able to travel for a good opportunity.

Thank you for taking the time to read my post!  Trying to get over the fear of jumping into a new area can be intimidating, but I'm hoping introducing myself here will be a great, actionable step toward a bright future in investing.

Shelby