All Forum Posts by: Whitney Tyson

In some cases it actually helps to have your business and personal accounts at the same bank. Some banks look more favorably at someone who has been a customer for a long time and keeps all their deposits under one roof. Also on an individual basis, it makes it easier to manage without having to log into 2 different bank websites or travel to 2 different banks

 Hi @chandra I work for Wells Fargo and although I may be bias, I think we make business banking for real estate based business, very simple and customized to your needs. pm if you want more info

@Chandra Turner

Welcome to BP!! , there are many resources to learn more about real estate here on bigger pockets. My favorite is the BP podcast, makes the boring drive while stuck in traffic way more productive.

Hi @Tate Brown welcome to BP, congrats on your first purchase and house hacking it as @brandon turner  would say. There are opportunities all over the north bay so keep your eyes open. Welcome from Petaluma, CA.

Welcome @Damian Santos you have made a great first step in trying to increase your real estate investment knowledge. If you are looking for investors to network with im a big fan of meetup.com it gives you a free way to network with like-minded people. Also call up as many local realtors and offer to buy them lunch or coffee and you will learn a whole lot about the area. Another good thing to do is to set up your keyword alerts for the area you live and connect with other BPers who are investing in your area. Hope this helps.

Good Hunting!

Hi Jacob, welcome to BP if you want to learn a whole bunch about real estate investing you are in the right place. Going through the podcasts and finding the blogs of some of the favorites will definitely help. Also I checked and there are at least 3 meetups for REI in the Sunnyvale area, go check those out to increase your network, which is just as important as increasing your real estate education.

Good hunting!

Thank you all for your responses. I think i will just stick with my criteria with just one property type and as my experience grows add one criteria at a time until I feel comfortable doing lease options, wholesales, wrap arounds, etc.

@Wayne Woodson No Walmart and Joes used cars don't disclose that they are wholesalers. But they are a very different example. It is common sense to see that Walmart is not making PlayStations in the back room, or that they have an orange tree in the parking lot from which their Tropicana OJ came from. And even kids know that there isn't a car factory behind the dealership (Tesla excluded) making 6 different brands of cars for your convenience. However it can be a lot more deceptive if someone comes to your house and says they are an investor who is going to buy your house, but in the end don't buy it and just hold up their sale. This is a lot more of a personal interaction and carries with it stronger emotions if things don't go as planned. 

This thread is awesome! 

@Michael Quarles  thanks for your input. Its always on point with little fluff! I did have a question though. You said to be careful on how you word the letters you send to old listings. Is that because they are still represented by an agent or because they are way past the cranky mode in a listings life? Also would the 80 owners with equity and a NOD be enough to market to, especially since California as a whole is ridiculously huge? Thanks for your ideas and answers.

Hi everyone. So I have really been putting a lot into my real estate education lately. I am almost finished reading Millionaire Real Estate Investor by Robert Keller and have a question. In the book he stresses the importance of figuring out your criteria for a property and sticking to it, no matter what. Dont chase deals, use your criteria as a filter to weed out properties that will waste your time. On the other hand one of my favorite podcasts talks about putting in a massive amount of offers and adjust the price or terms of the offer to make the deal work for you. Its a kind of "anything is a deal if you know what you are doing" mentality. I was just wondering what real investors on the front lines of investing think of these two different strategies. Thanks in advance

Whit