Hi! I'm new to BP and new to being an investor (close on my first rental in a week!). I've been a Realtor for 10 years. My niche since 2010 is helping seniors downsize into low and no maintenance living (think 55+ communities, independent living cottages, assisted living, skilled nursing, and memory care). Most of the buyers on my listings are...you got it...investors. The properties I typically list have been owned by the same owner for 30-50 years plus and are in need of a lot of updates and maintenance.
As I was working on my business plan (thanks to a template I found here on BP), all of the ideas that have been running around in my mind started coming together...in one pretty little Business Plan-which is one of the reasons Business Plans are so great.
My senior real estate and downsizing services allow me access to great investment properties before they are on the market. Most of these properties do not have a mortgage and the owner really needs to move b/c of safety/healthcare issues. All of the pieces are coming together so nicely! In fact, I just reached out to a gentleman who I recently did a Downsizing Consultation with. I'm interested in flipping his property next.
I'm a training geek...in fact, I fell asleep last night listing to the BP Podcast #200. I feel like there is so much to learn and I want to learn it all! This blog is where I found the resources I needed to use my IRA for my first investment property. I value the knowledge that many of you can impart, so BRING IT ON! What's you're best advice for me?