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28 June 2015 | 8 replies
Check out the forums under Starting out, you'll find a lot of tips to get your feet wet in REI and overcome those fears, doubts and analysis paralysis you may have on your first deal.
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16 June 2015 | 10 replies
@James Marie hey man, don't get too down about it.Couple things:1) RE isn't for the faint of heart, so know that out of the gate.2) it took me 10 months to find my first deal, and I was pretty active in looking.3) Take the time to listen to the last podcast, there is a great tip on this at the end that is simply put and says it all.4) Really using the word "motivation" is the wrong thinking, motivation comes and goes, it's more of an emotional response of sorts.
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17 June 2015 | 19 replies
@DMitriy Fomichenko Thanks for the tips.
17 June 2015 | 9 replies
I am having trouble finding properties that will rent out for more than the combined loan payments, plus maintenance, taxes, etc.I am only interested in houses, RV parks, mobile home parks, apartment complexes, and hotels.
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16 June 2015 | 0 replies
Hello everyone,Does anyone have any tips for someone starting out in real estate about the best ways to find a good accountant to help you structure your investments and a good real estate attorney?
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16 June 2015 | 15 replies
It took time, wouldn't leave that practice for anything.Here's a tip, whenever you close, try and specify your realty lawyer for closing every time.
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16 June 2015 | 5 replies
(then wholesale the home to a buyer/investor or seller finance it myself with a partner)IMPORTANT NOTE: At this time, I do not know where the cash will come from to purchase the home, but I know I can find that easily.My biggest struggle right now is creating a deal that makes sense for everyone in the transaction.Any creative ideas, tips, or flawed logic behind my idea is more than welcome.
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4 March 2016 | 17 replies
I would appreciate any tips.
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18 June 2015 | 12 replies
It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site.http://www.biggerpockets.com/starthereSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions,take action to snag your first real estate investment deal if new or add to yourexisting holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"
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10 August 2015 | 17 replies
Specialized skill in solving unique problems will set you apart from the run of the mill investment strategies and formulas.This a people business and a problem solving business, not a "real estate supermarket" where you merely pluck properties of the shelf looking for the lowest prices, highest yields, and comparison shop like going to Walmart or Costco.My personal preference after 20+ years of investing is that I would much rather drive a 2-3 hr radius digging deep for opportunity than hopping on a plane for 3 hrs one way, spending a week in a hotel and buying off the shelf.