All Forum Posts by: Waylon Smith

Conditions- you complete or respond to anything I have you do within one week. Or I stop. All tools I have you develop, you share on that post or anyone that asks you. You will FAIL to some degree. Own the data, own the situation, learn/improve. Can you trust me. No. You don't know me. Validate anything I say. Also, all of the people on BP will cry foul or tell you I'm full of bull if I steer you wrong.

Note- I'm not a SFH or MFH person, but can still guide you.

Actions:

1. Don't do your BRRR in Florida, while living in Seattle.

2. Join a local REI group this week.

3. Start your "Deal 1" post. I will ask you some personal questions on the other post. You need to be prepared to answer them.

Start small and Make Your Big Mistakes Early.

Bali Ga

@Henry clark, I am just getting started in real estate and I am ready to hit the ground running. This post caught my attention big time. Do you mind if I start this "Deal 1" thread you mentioned above? I am very excited to get started. Sounds like an awesome opportunity. Thank you!

@Henry Clarkundefined

1 Vote

Quote from @Chris Webb:

Hi @Katlynn Teague, I will take a different approach. You asked what I learned and I have to say the power to live the life you want... in time. Time is the component that many forget. My first rental is about to turn 5 years old and the rent is twice the cost. Having cash-flowing properties is like having an annuity where you only pay for a small % of it. As equity grows, so does your investment and in my case, we put in less than $5k ( VA Loan house hack). Good luck on your journey and please keep us updated! Also, I see that you are an agent. Take a look at @Beth Traverso's playlist on One Rental at a Time for her story. She is a top agent and investor and she is very open as to how she did it. I think it would be a benefit to learn from her if you can.

Hey Chris! I am brand new to BP and learning the platform. I checked out Beth's profile. What do you mean by her playlist? Where can I find that? Her investments were awesome to read and review btw! Thank you!

0 Votes

@Paul Moore morning! Well I feel horrible to say this but absolutely nothing! My retail business keeps me so busy I truly have not made a single move in real estate. My wife and I have a written goal to buy our first long term rental this year. Really appreciate the fact that you asked this question. To answer it this morning, was a major reality check for me. Cannot believe I started this thread 3 years ago. My how time flies. I think this is the first time I logged back into Bigger Pockets since my post. 🤦🏼‍♂️

2 Votes

Thank you for the tips Cody!

0 Votes

Hi, my name is Waylon. Like many others, I am new to real estate investing. I am a life long resident of North Georgia, married way out of my league, and have two daughters. In my day job, I am a retail broker that represents consumer good manufacturers and sell their products to Dollar General, Dollar Tree, and Family Dollar. I love to hunt, fish, camp, trail run, mountain bike, and adventure racing.

My wife and I want to invest in long term rentals as a way to diversify our retirement portfolio and attempt to build some passive income long term. I would consider ourselves to be calculated risk-takers.

I am super excited to learn about this industry, plug into this community, and help others along the way if possible. Thanks!

4 Votes

Hello Katie and Matthew! I am new to real estate investing and live in the Canton area. Following this thread.

1 Vote

All Forum Posts by: Waylon Smith

Waylon Smith has started 5 posts and replied 27 times.

Post: "Deal 1 - Why?'

Post: Looking for a mentor but many offer paid coaching, thoughts?

Post: What did you learn from your first deal?

Post: Excited to learn and contribute!

Post: Excited to learn and contribute!

Post: Excited to learn and contribute!

Post: New Member Intro - located in Woodstock, Ga