All Forum Posts by: David G.

Hello Everyone!

I'm in need of help. I work at a local financial institution and was informed I would need to type up a letter stating what my business will be about and how it works and have it submitted to our HR dept. Today I got word that I will not be allowed to continue with my business while still being employed at my financial institution.

I had asked why and was informed because it is a Conflict of Interest and that I have access to the account of customers. I was informed If I continue with my business I would no longer be employed and if I continue they would consider that my immediate resignation.

I had asked if I can continue with the learning aspect even with just creating my marketing but not promoting it.

They had told me its "all or nothing" meaning I would need to stop anything that has to do with my business completely/real estate or I would be fired.

They informed me they can do an internal audit to review my accounts and if anything show that I am continuing, I would not only be no longer employed but "have further measures taken against me.

I contacted a local investor who informed me that this is not legal. They can not stop me from furthering my education. I would appreciate some assistance with my issue.

I have work tomorrow in 13 hours and have to inform them of my decision before I work.

A.) Work at my financial institution and stop anything that has to do with real estate

B.) Quit and follow my business.

Thank You Everyone any input is appreciated

P.S. I know I need to contact a lawyer but its a little late in the day to contact any of them

Hello everyone!

I don't know if I'm posting this on the correct section. If not please let me know and I'll move it. I don't work with this company. I just thought I'd share with everyone since I've learned so much here on biggerpockets.

P.S. I haven't had the chance to fully use it yet since I'm still completing the final details to my marketing plan, but the little time I used it. It looked promising including the option to export the details.

On the Android Market I came across this app called "SpotMarker" by Tsumuji. It allows you to place markers on google maps and also include a memo with the marker to tell what type of sign you use.

Thank You Again.

Also If you could take the time to look at my other post in "Starting Out". I would appreciate the advice.

Hello everyone!

My name is David. I been on BP for I would say around 1-3 months. I havent had much time to post here since I've been getting ready with my REI business.

Ive decided to being with wholesaling. Last night I had a few minutes to listen to a podcast on bp. The podcast I decided to choose was "How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven"

I only got upto 15 mins of the podcast and will listen to the rest but hearing how at first he was doing wholesaling and on the first deal had the established Investor walk him though on the process. A light bulb just went off on my head.

So thats what I decided to do. I just came back from my local REIC and found two wholesalers/flippers that would be willing to walk me through the process if I can find them a deal.

This is where I would like some help with. I don't know which Investor I should choose to learn from. Does anyone have any advice on how to screen them?

The way I see this is, it will benefit the both of us. They get another deal and I learn plus get a small commission.

A.) The first investor recently moved from Georgia I believe where he said he currently has 12 rental properties and since moving in town will begin here locally. From what I can tell he currently has two other assistants who will be learning too before beginning there own REI business.

B.)Has been doing REI for +7 months. He mentioned to me that he went out this morning and had gotten 4 properties due to a mother passing and the children not wanting the properties. He will be making an offer this week.

I feel like I answered my own question. =)

I plan on asking:

-How long they have been doing REI?

-How many deals in the past 12 months? 24 months?

Any other questions you would suggest I ask.

I plan on also speaking with Local RE Broker (35 years) if he knows of any Investors who have a good amount of experience under there belt.

P.S. Just an update on my business.

-Ive already made a business plan.

-Ive completed my marketing strategy outline (Passive & Proactive)

-I'm completing my website

-This week will be getting an LLC

-I'll be getting some business cards with a picture of myself done by a studio

(This picture I'll upload as my avatar on BP. I know its a little late.) =)

P.S.S.

-Also I created a new topic under wholesaling.I found an app that may be very useful to other wholesalers that do bandit-signs. (Its legal where I live but they must meet specific requirements.)

Thank You Any Input will Be Great!

Hello Everyone!

My name is David Guzman. I'm 22 years old. I recently attended a "Secrets of a Millionaire Mind" in Glendale, Az this past June. On the second day we had briefly gone over Real Estate Investing as a way of passive income. I absolutely loved what I heard.

Since then I just finished helping my father with his business and helped him attain 6-8 new sales reps to help with his business and also began looking into REI a little more.

I have been blessed to find this amazing site which I is so different from others I've been to. I havent seen any other site that helps out as much as they do here!

After taking a month off to get my heart problems improved I'm ready to begin.

I've spoke with Sharon Vornholt, who has given great advices which I've followed such as joining my local REI and creating some business cards to hand out.

So far I have already:

1. Create business cards

2. Joined and attended my first local REI-Club (8/6/13)

3. Signed up for a foreclosure class/seminar which will be on August 24th.

4. Already began my buyers list (2 at the moment)

5. Made friends with a Real Estate Broker who will be providing me with free classes when he teaches.

My goals/plans are:

To begin wholesaling due to the lack of capital.

- I'm reading as much info as I can and plan on listening to the podcast provided here.

- By no later than the middle of next month begin taking action with the knowledge I've acquired.

-Pay off my Motorcycle, Car, and Small Credit Card debt

-Begin a savings for 7-9 months of living expenses

-Begin Buy and Holding properties for monthly cashflow

-By the end of Next Year have a real estate license.

*One thing I want and will learn is how to properly evaluate a property.

My biggest block at the moment is my heart condition which I hope is due to the stress of working so much the past 6 months (I'm a work-a-holic which has is pros and cons) and not something more serious.

To leave on a positive note I finally feel like I have a plan to follow and not like before, of just having a vague Idea.

I welcome the day that I can truly have options!

-David Guzman

P.S. I will be uploading a picture soon

Hey BP!

I'm new to Bp as well as new to real estate investing.
I'm posting since wholesaling caught my eye in a way to begin in rei.

From what I understand its a service we provide to sellers by saving them time, headaches, and to an extent money.

Your right of course they could just do a craigslist ad and even a few classifieds but how many of those will be a waste of time , cancelled appointments, having to missed work to meet a potential buyer who may not even make an offer.

The way I see it is I'm saving the seller the headache and time and working for him with of course a fee for my services (commission).

David