Posts Tagged ‘BiggerPockets’

Social Networking for Real Estate Investors

Milwaukee, Wisconsin can be a cold place. Even in June. I know because my business partner, Manny Romero, and I just spent three days there last week. We hooked up with Jason Steinhorn, a fellow fix and flip investor from Atlanta. Our collective mission was to:

  1. Inspect a bank-owned property we wrote an offer on in early May.
  2. Find Realtors that could help us identify opportunities on the MLS.
  3. Find Realtors that could show us said opportunities and write offers.

You may notice that there’s something missing from this list. Why weren’t we in Milwaukee looking for project managers/contractors too? BiggerPockets.com – that’s why.

What’s BiggerPockets.com? It’s a social networking site for real estate investors.

Operating a fix and flip business from 2,000 miles away is tough – even tougher without knowing anyone on the ground in the market. The brilliance behind social networking, for any business, is the medium makes the world so much smaller. Connections made in the online world can be quickly monetized in the offline world.

Jason Steinhorn, Emilio Ramirez, Marty Boardman, James Gefke

When we made our first trip to Milwaukee in early May we met Emilio Ramirez and James Gefke. Both are BiggerPockets.com members living in the area. Both have experience managing fix and flip deals. James just finished rehabbing his first property, a sweet little Cape Cod-style home west of the city. We connected with Emilio and James on BiggerPockets.com and then in person in Milwaukee. They agreed to share their knowledge of the market and resources with us.

I contribute weekly writing mostly about fixing and flipping houses for BiggerPockets.com. Obviously, I’m a little biased but I believe it’s the best online community for real estate investors in the world and I encourage you to become a member, regardless of your geographic location.

Last week, BiggerPockets.com founder Joshua Dorkin introduced a brand new Dashboard feature that allows users to interact with each other and share comments, links and photos, similar to Facebook. This makes an already valuable site that much better.

Okay, so now you may be wondering – what’s wrong with Phoenix? Why not just flip houses there?

Well, because the market here is red hot, literally and figuratively. I like to escape the heat from time to time. Plus, it’s hard to beat the great beer and brats in Milwaukee. And if I can find a few great deals in the process it’s a win-win.

05

06 2012

$20,000 of Real Estate Investing Education for $200

Call me a dope.  Over the last 10 years I’ve spent more than $30,000 on real estate investing and business development education.

$1,200 bucks for a foreclosure – lease/option course.  Yep, I did that.  $2,700 for a 4-day seminar called ‘How to Get Lenders Fighting to Give You Money’.  Of course, I couldn’t resist.  And I’ll never forget the $20,000 I shelled out for a real estate investment college with a French sounding name.

There were other classes too.  Add it all up and this so-called education set me back around $30,000.  With that kind of cash I could have become a doctor.  The hours are about the same.

Come to think of it, I’m a little like a doctor.  I cure sickly houses of diseases like smelly cat pee syndrome and gawky paint scheme-itis.  I also remove awkward light fixture appendages.  My pharmacy is the Home Depot and with the right dosage of stainless steel I can cure an ugly house faster than penicillin will heal an ear infection.

If only the BiggerPockets REI Summit 2012, set to take place in Denver March 23rd-24th, existed back in 2001 when I scratched my first check to that carnival barker passing himself off as a real estate guru.

What is the BiggerPockets REI Summitt 2012 you ask?  Simply put it’s the must-attend event for all real estate investors.  That’s right, all investors – novices or experts, fix and flippers or buy and holders, wholesalers and carry backers.  I’m talking about $20,000 worth of education for around $200.  You’ll hear 27 speakers, all practicing real estate professionals, teaching on topics like deal analysis, raising capital and property management.

There will be no holding back.  No selling from the back of the room, an education only event.

Sure, I’m a regular contributor to the BiggerPockets.com real estate blog.  Yes, I’ll be teaching a class called Four Flippin’ Boxes with J. Scott, a successful fix and flip investor in Atlanta.  Admittedly, I’m a little biased.  But I promise you’ll get every penny’s worth of your $200, and more.

Register today.  It’s not too late to book a hotel or plane ticket.  And check out this video for more information about our special boot camp – Four Flippin’ Boxes:

 

22

02 2012