All Forum Posts by: THOMAS MEELEY

@Jeff Aponik Thanks for the info on the Diversified Investors Group. I will look into them. Phoenixville is a good area to buy and hold for sure. There,s a lot of revitalization going on there.

@Rafael Floresta I am going to start with wholesaling the first year and reinvest profits to buy&hold.

@James Wise TThanks for your reply. I agree holding onto RE is the best way to grow your net- worth. I do feel though that REI offers many opportunities and if you find a property that might not fit your portfolio you can still find a way to profit from it by either wholesaling it or flipping it.

Have you done any wholesaling or flipping?

@Tim Hoffman Thanks Tim. Your right a I am asking for a lot out of one post. I guess I am a little eager to learn as much as I can, quickly as I can. I thank you for you response and your post is exactly what I was looking for. I want to buy and hold but I think if I can find a property to flip or wholesale I would make the deal as long it makes sense.

@Rudy GonzalesThanks! There's some much to learn but I am absorbing all I can. I hope to start looking for a REI in a few months.

@Raymond B. Thanks !! I knew there was more to it!lol

@gregwake Thanks for for the welcome. I been searching the forums and I am amazed how much information there is available on the BP. There are so many people willing to help problem solve , share their personal experiences and network with.

I have attended a few seminars that really turned out to be a marketing campaign where they up sell the up sell and prey on people. It made me feel like that REI ,was an exclusive club that I would not be able join. After finding the BP I have found that the real investors willing to help. I have always been interested in real estate and investing projects but I have always felt it was something out of my reach but I now realize I can invest in many ways, all it takes is to be a little creative. Again thanks for the welcome and maybe someday we can help one another out.

Hello all! I am just starting to build a plan to start a REI business for myself. I live in the Philadelphia PA suburbs.

My plan is to have REI be my main source of income in 3 years.

I have be reading a lot, searching the web and looking for as much information I can find to help educate me on the life of a REI.

I recently found the BP and it has been a great resource and help with my ongoing search for REI knowledge and experiences...

Investor stories from the trenches.

Hello all! I am just starting to build a plan to start a REI business for myself.

My plan is to have REI be my main source of income in 3 years.

I have be reading a lot, searching the web and looking for as much information I can find to help educate me on the life of a REI.

I recently found the BP and it has been a great resource and help with my ongoing search for REI knowledge and experiences... I like to throw a fee questions out to the BP members that are currently active investors. If you like you could share something you experienced with each question. So here it goes.

1. I would like to hear war stories on a REI first deal. How did you find it, get over the fear to move forward with it. How did you fund it? What was you exit strategy? How soon di you move forward to you next deal?

2. I would also like to hear about a REI best deal and what made it you best deal. Was it making a ton or money or just the fact that you were able to make the deal happen.

3. Of course I want to hear about the worst deal too! Why was it you worst deal? How did it affect you and you REI business. What did you do to make it right or learn from it so you could avoid such a bad deal again?

4. From what I learned so far REI seems to be a very diverse business. There are many strategies (fix flip, buy hold, wholesale). What are you theories on this? Do you stick with one strategy or do you apply the strategy that best fits the property?

@Bryan LI already have a heloc that we used for upgrade to our home. I will have to look at creative ways to make deals in the beginning but I plan to reinvest initial profits to grow my REI business.

I am looking at birddogging and wholesaling to start. I would like to do flips and hold some properties for rentals as I grow the business.

As I educate myself and research the local market I see many opportunities and I am trying to network and build a buyers and sellers list, so I can get things going.