All Forum Posts by: Taylor Nunn

Here in Florida you have to be an agent for 2 years before you can become a broker.

Not sure if that's the same everywhere but you might have to start as a salesperson regardless.

@Taylor Nunn - Reach out to John Casmon in your area. Casmon Capital Group. He is very knowledgeable about Chicago.

Dear Investors,

I am interested in your opinions in doing fix & flips in the Hegewisch community of Chicago, IL. For the past week I have been doing comparative analysis for foreclosed / pre-foreclosed properties in relation to recent retail purchases of similar properties in this neighborhood. I was wondering if this community is preferred for Fix and Flips and if anyone has had any experience investing there.

I am also confused on why there are fully rehabbed homes in Hegewisch that are foreclosed, completely rehabbed and updated and have been sitting on the market for over 1 year and are selling at a great discount. There are also fixer uppers that are also foreclosed and are selling very well for a similar price. Is there just something very wrong with the property that looks great but just cannot sell at all? Your feedback is appreciated!

Thank you so much!

Alex

1. Not wait so long to get my first deal.  It was about a year for me. Just do it. 

2.  You should crystal clear that marketing is your #1 job in real estate investing so get really good at marketing.  You don't need to know anything else if you don't have leads coming in the door.  This tends to be put to the side when things get tough especially if you have a JOB.

3. Build your brand right from day 1.  I wish I had done that.  Marketing and branding go hand in hand.  Think of it this way: marketing is how you get deals in the door.  Your branding is why they choose YOU.

4. Dive into your local REIA, groups like BiggerPockets, and blogs and read everything you can get your hands on. Instead of watching so much TV binge on real estate education.

there are many kinds of auctions but most will state the funding rules.. and if one of them is cash only then thats what it is.. plus here are NO lenders that do 10k and under loans.. :)  other than you mom and dad

"If you were young again"...

That's an incorrect assumption that people who start out in REI are young. Not everyone who starts out in REI is in their 20s or even younger. We didn't start until our 60s and used retirement money. That means that without all those years to right a wrong, we've had to be very careful. It's paid off.

I also would say to have some dispassion toward the properties themselves.  That said, realize that those of us who are lucky enough to deal with real estate and large sums of money can forget the work that goes in for most people to save for their money down.  For many people, owning any piece of property is still a dream.