Be Set Real Estate Solutions. It seems so surreal when I say it out loud. Recently, I have realized how real all of this really is, and it just gets me even more excited for our future as a business.
Lately we have been working on some offers. We have 3 that will go out within the next few days, due to our hard work. My mom has been driving for dollars quite a lot; even more than we had planned on doing. That is probably why we have the opportunity to make offers on these homes so soon.
While my mom has been out and about driving for dollars, I have been at home on Warren Group Foreclosures finding houses in pre-foreclosure to send letters to. Usually we meet together at some point and discuss what we can do next while we prepare letters to be mailed. To some people this process would seem somewhat tedious and boring, but we enjoy it to an extent. That doesn’t mean it’s more fun than other things, but we don’t see it as a chore or a necessity, we see it as an opportunity. Even though this part of the process can be somewhat fun, the best part is going to see homes we can improve and enhance.
I never really grasped how much there is to real estate investing until now. First we need to actually find houses, if its driving for dollars or looking online. Then we have to actually find the owner(s) of the properties and call or send letters to them, after actually writing the letters. After that we just repeated the process hoping for a call back. Usually when we did get a call back it was to take people off of our mailing list, but every once in a while we got a call from someone interested in what we could help them with.
Throughout this process we would make new connections and see how we could improve.
Vivis vitam in tuo termino “Live life on your own terms” (I’m taking latin in high school)
Over the past few days I have been pretty excited about the business. Our second round of driving for dollars letters were received, and we got a call back! We looked at the numbers and really liked them, but there was a twist. There was a mortgage on the house, but we researched a little more and had a bit of help figuring out how much we could offer. Even if the offer isn’t accepted, we are still happy our work is at least starting to pay off.
Also over the course of the past week, we got in touch with Peg Graveline from JEM Property Group. She was very helpful and we were grateful to get the opportunity to speak with her. As a matter of fact we are very grateful for all of the help we have gotten since we started this journey. Hopefully everyone else that decides to start something new, gets as much support as we have.
When we had a meeting with Bernadette, from Boston AREIA, she suggested that we start “vision boards”. We could use them to remind us of the reward we would get after our first deal. Lately it had seemed like those were the only things driving us, but it has been extremely reassuring talking to Peg and getting a call back on our mailings. Those seem to be better motivation than a picture of a top-of-the-line laptop on my wall, or in my mom’s case a picture of boots.
Whether it’s a pair of boots, a gaming laptop or callbacks from our mailings, as long as we stay motivated, we are building momentum in the right direction. Our first deal may just be right around the corner.
-Wish Me Luck
I thought programming was tedious. In my opinion, it's nothing compared to some of the work wholesaling. I have been capable of simple programs in various languages for a few years, and I thought it was the most tedious thing I would do in my life. I don't know if I'm just used to it now or if it actually isn't that bad. Now, to me, driving for dollars is one of the most tedious tasks I will take on. I can get bored very easily some days and Saturday was one of those days.
On Saturday I was lucky enough to go driving for dollars. It isn't perceived as hard, but to me it can be a struggle. Ever since I was a kid I haven't enjoyed staying in moving vehicles for prolonged periods of time. I would usually get carsick after about an hour long drive. It became even worse if I fell asleep, when I woke up I would have an anxiety attack. Because of all of this I have trouble driving for dollars on some occasions. I am writing on a piece of paper, looking for houses to mark down, talking, sometimes eating and trying not to get carsick. It seems kind of stupid, but these are some of the reasons I think driving for dollars is so challenging for me. After a while I think I will start to enjoy it. I will probably start to appreciate the "down time" in a way.
Hey everyone! I just wanted to quickly talk about a few things. First and foremost congratulations to Fitz Property on finishing their first rehab project recently! I was inspired by your success. It’s a helpful thing, to keep in the back of my head, to motivate me.
As a business we have been concentrating on building our team a bit more. We have been on the hunt for a General Contractor and a Builder. Other than that we have been doing a lot of behind the scenes work. Mostly data entry and searching for homes in need of assistance.
Personally I have been struggling to find a good balance between different aspects of my life. I usually have 49 hours of school a week, 14 hours of homework, 9 hours of extra curricular activities (crew and robotics), 58 hours of sleep and 28 hours left over to work and rest for the week. Because of all this I don’t have the most flexible schedule. It’s hard for me to find time to hang out with my friends and add anything new to my schedule. Also due to scheduling conflicts my mom and I are only able to work together 3 times a week with one of those days being devoted to driving for dollars. I have been finding myself working alone more often than not, but am happy there is still a growing list of things I can work on and take care of. I cant wait to learn new things and advance as a business.
Wish me luck,
Hey everyone! Recently my mom and I started a joint business venture called Be Set Real Estate Solutions. I’m here to talk to you about our adventures and hardships we will endure to build a college fund and passive income for my sisters and I.
My mom has been interested in real estate for years now. She said she always wanted to start a real estate business, but was waiting on a reliable business partner. When she brought up this idea to me, at first, I thought she had gone crazy, but after a while I realized what a great opportunity this was. On top of an amazing experience I am able to help myself and my sisters make it to college.
The first step we took starting our business was joining Boston AREIA, a real estate investors group. We signed up for 2 sessions of coaching from Bernadette Trafton. Our first meeting with her was very educational and helped me learn more about real estate as a whole. She helped us find a general direction to go in before our first Boston AREIA meeting. I was surprised at how inviting the group was to us and, once again, how much we learned. After the Boston AREIA meeting we figured out our current goals. We had decided that we wanted to start our real estate investing careers with wholesaling. Our longer term goal was to build up enough profit to purchase a multi-family home for us to move into and rent out. We have been working tirelessly towards our goals for a couple of weeks now and are proud to say we have already made a few offers on houses and my mom has enrolled in classes to become a real estate agent.
On a more personal note, I was worried at first of people’s acceptance of a 14 year old boy entering the world of real estate. I was expecting most people to be skeptical about my abilities to make offers, run a business and even comprehend all the information needed to complete these tasks. To my surprise everyone I have met so far has been very encouraging and helpful. Although I still have a lot to learn I feel as though I am up to the task of completing the work I have committed myself to accomplishing.
Wish me luck!
It seems as though every time we have a business meeting, we get so excited and wrapped up in what we're doing, we work for hours. We have two offers out on houses and we've been getting some great hits on our website.
Tonight was all about budget and finances. It's always a good thing to know where you are starting and carve out where you want to go. Zyon has big plans for where he wants to go!
We've packed the basket and blown up the hot air balloon. Zyon's released the weights and we're going…Up Up and Away.
See you next time,