All Forum Posts by: William Brown

appreciate all the insight. Will probably start house hacking in the fall this year. My problem, (and greatest strength) is that in May naivety I don’t see limitations on ability. I can’t understand the value of saving for 2-3 years, buying a house and then doing that again and again, when I could just hustle my *** off and send deals to investors and take a cut along the way. 

@Jay Hinrichs Right now have been hunting huge value add opportunity deals for my mentor/partner/buddy who has the ability to close and is guiding me through that process. I’m not reckless, nor signing anything or doing something I shouldn’t be. I’m flying the plane, but I’m having a licensed mechanic check my engine before I take off each time. 

Essentially just using wholesaling as means to learn the business and practice my negotiation  with sellers. Probably going on as acquisitions manager this summer with a loaded gun to go hunt some big deals.

@Jenny Moore appreciate the kind words, to a lot of people that energy comes off as arrogance. I’ll likely take my profile picture down as it’s impossible to actually talk real estate when I’m talking to someone way older—-because everyone is a genius to someone younger than them. I’m up at 7 am and go to bed at 1 6 days a week, hustling and hunting while my friends here st college are playing video games, drinking, and partying. 

John Woodrich Hahaha, there indeed is a need for a book or guide. The English language is complicated enough with its seven different meanings for every word, without taking into account of how these change every couple decades. If someone referred to me as a “hack” I’m not sure what exactly they would mean, though it does still have a ting of a negative connotation. If someone said William “hacked” BiggerPockets, now here is where we get to the discussion. 1.) the most common: I hacked their online database and stole/retrieved information or data. 2.) less common: I found a way to use some innovate strategy to get maximum or more favorable results from BP. If someone said,I really like how will “hacked” his mornings, he has a set routine that gets him out the door fast and in better mood by doing x,y,z. These are all equally confusing, but to connect with the younger generation the mindset has to be accepting of the third, “millennial-esque” dialect. Best of luck haha

hey @Gabriel Cardenas, 

have you kept up with it? How is wholesaling going for you now?

Hey @Tia Williams, 

What have you been up to? Did you find success for yourself in REI?

@Ray Johnson Today, everything you just mentioned is absolutely correct about social media and con artists. I'm not sure about your derivation of the term, would love to hear a little more of why you believe that is. @Brandon Turner claims to have coined the term "House-Hacking" through his article in 2013 here: at https://www.biggerpockets.com/renewsblog/2013/11/0... and he may be offended by that suggestion :)

Every time there a new opportunity, that vacuum gets quickly filled with scam artists and people of the sort. Like when email first came about, how many people were screwed with their passwords and personal information? Right now, that is what social media is. 

Why? Nearly everyone has a social media profile https://www.statista.com/statistics/273476/percent...

and they spend an average of 5 hours a day on their devices. https://techcrunch.com/2017/03/03/u-s-consumers-no...

Now, someone can either look at this data and say, "nah, that will die soon." or "social media is terrible, it's ripping apart society", "social media will have no effect on business" or "con artists and marketing teams have figured out how easy it is to use social media against you" and leave it at that. Focusing on the negative. Everything has two stories.

The winners will be those that look at it as an unstoppable force of a movement and set themselves up to capitalize on the opportunity. Why are marketers still spending BILLIONS on direct mail when they could get 10x the returns from using SM to target their particular market, in the channels where the customers spend the majority of their time? 

Oh yeah, because direct mail has always worked best, will continue to work, and "that's the way we have always done it"

As I mentioned earlier, hop on the train or get hit by it. 

But don't mind me, this is just the two cents of an egotistical 18 year old who has barely scratched the surface of life. 

@Jay Hinrichs 

I'll be sure to pick one up--that sounds interesting.

I've got an 8am called Math Powered Flight this semester I'm really enjoying. It's just the principles, but I'm no longer a bubblehead when it comes to aviation. runways, gps, wind resistance and aerodynamics. Really cool, and makes me think about how much of the world's technology we use we take for granted everyday without knowing how it works. 

Steve Vaughan I understand your viewpoint, and in context it makes complete sense. Keep things as they used to be “because that’s how things have always been done.” Common mindset among the experienced, older generation. A respectable and credible one. You have weathered business cycles, made countless mistakes and learned from them. For the past couple decades everything that has worked continues to work well. However. This resilience to change is what bankrupted Toys R Us. It put Blockbuster under. Strip malls across the country are going vacant. Companies and individuals that refuse to accept humility and respond proactively rather than reactively to the changing world will soon suffer similar fates. Understanding the verbage, like “house-hacking” and why it has picked up so much traction is just the tip of the iceberg when it comes to adapting and implementing change in the way someone should do business. It’s a complete mindset shift. Wait too long, and the veterans who continue to follow their tried and true methods because “that’s the way we’ve always done it” will fall behind those that are getting 10x returns on their money from capitalizing on this social media movement by using tools such as Facebook Ads 99% of investors don’t want to touch.

Jonathan Bowen As an 18 year old whose age cohort thrives on these phrases I might be able to add a unique perspective. Hack no longer means what it used to. It has a more thrifty, innovative connotation than it used to. In my words, a “hack” is a creative method or strategy to get around some pain point or problem. Even the dictionaries haven’t caught up to this growing use of the word. Luckily, Urban Dictionary is a best friend to anyone trying to understand millenial’s language. The term, from which” house hacking” most likely comes from No. 3 on this page: https://www.urbandictionary.com/define.php?term=hack So house hacking is “a clever solution to a tricky problem,” which is investing while broke (most likely). Grab a seat on the train or let it pass you by, over the next decade I would say 75%+ of new homebuyers will fall into this category. If you have any other questions on words that seem counterintuitive but thrown around a lot please don’t hesitate to reach out, maybe I’ll sign a contract with BP to publish a book full of this terminology for you guys so you can stay connected and relevant with the upcoming generation. Seriously. Hit them up.

If I wasn't currently 5 hours away I'd be there! @Oliver Wolcott check this out

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