David Catlin
Long time lurker and first time member from Springfield Illinois
12 January 2016 | 18 replies
33K in student loans, about 11k on plastic (wedding/honeymoon/school), plus houseMy experience in real estate is limited to spending time with my grandfather growing up.He had several rental houses and would always be working on them.As I grew up and paid more attention to the business side of his work I realized that he was working just to stay busy and not working to create more income.His end goal was always to create more income but he was always distracted by the job of remodeling and updating.He has been my mentor and main father figure for years but now it is time I “upgrade” to someone capable of guiding me in the direction I want to go.I will always love my grandfather but his business sense is not one I need to follow.My goals in real estate are to create a “four hour work week” (gotta love the Tim Ferriss way of life) by a combination of buy and hold and flips.I hope to use this method to create a stable business and then move into apartment complexes.After lurking on this site I have learned about the different rules needed to ensure profit out of each.In my farm area there are many MLS deals that fall into these numbers.Now it is just about raising funds.I would love to find some Sub2 deals.Famous FourFavorite real estate book Never read one.Bigger Pockets Favorite business book Poke the Box by Seth Godin, 4 Hour Work Week by Tim Ferriss, and No More Mondays by Dan Miller Hobbies include working on cars and spending time with friends and family.These are very important to me and I do not get enough time with my desk job with either.What is thing that sets apart successful investors from those that fail Getting back up on the horse after failing and not letting friends and family tell you that being an investor is a stupid idea.
Don Whitmire
Aquiring a Vacant Property
31 July 2014 | 2 replies
Go fail and then try to fix something you did wrong and fail again, and again, until you succeed.You'll find after awhile that you probably spent way too much time on this one possibility and you'll need to do things faster and more efficiently.
Micah Redden
Courthouse auction help
5 August 2014 | 11 replies
After seeing Steve's post I guess I need to figure out how to navigate the forums more efficiently.
Tim G.
My First Flip - An Amazing Experience!
1 October 2015 | 74 replies
He goes very into detail about building a team and streamlining things to be as efficient and removed from every detail as possible.
Aaron Wyssmann
Do you get pissed about no-shows for property viewings then use this tip.
4 August 2014 | 70 replies
The point is, it's an efficiency for a small-time landlord, who doesn't have very many openings at one time.
Chris Stromdahl
Should I stay away from septic systems?
1 August 2014 | 5 replies
Septic systems need to be monitored to ensure that they work properly throughout their service lives.
Roger C.
Thoughts on These Markets for Buy and Hold Income Properties?
3 August 2014 | 5 replies
Depending on just how much available time you have for this business, I'd put at least some time into researching the various metro markets of course, but at some point I'd then take that list of acceptable areas and move on to whatever you need to do to make sure that you're running your business as smart and efficiently as you possibly can.PS-Ironically, with this extra attention that my area has been getting here on BP recently, I just thought I'd throw in that if by hard work and/or some luck, I'm able to hit a real "home run" or multiple home runs if necessary and I was then able to move anywhere and be able to afford a nice home in any metro area, I'd be moving somewhere near to where you are now!
Jonathan G.
First possible SFR investment. Looking for advice.
2 August 2014 | 16 replies
Jonathan Gregori Demand won't ensure you will profit from a rental.
Bimal Doshi
Days on Market
18 August 2014 | 25 replies
Hi Christian,Thanks for the input.Some of my buyers require that for all the SOLD properties that I have listed to derive ARV of a property the also want to know how many days were the SOLD properties were in the market before they sold at that price.This way they are also ensuring that it is a moving market and not a stagnant market.
Bimal Doshi
How to Assign a contract
10 May 2022 | 7 replies
When proceeds from settlement go to you or originate from settlement you might attend to ensure things go smoothly.....as if your funds do originate out of settlement you have a more complex transaction, so being there is a good idea if anything needs to be addressed from your standpoint.