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Updated about 6 years ago,
OLD Newbie seeks feedback for growing portfolio
Hello All,
I’m an old newbie.
I have bought and sold various homes throughout my life and, as a general contractor, have remodeled hundreds for others.
I am new to my area (San Diego) and currently help local estate owners deal with subcontractors, manage major rehab projects, and locate and execute capital improvements that make sense. While the work is rewarding, it is not increasing my own portfolio.
I’m 58 years old, have terrible credit and besides my consulting business, am not employed. Not seeking pity here, just explaining honestly my situation.
I am retired now and have no interest in putting my tool belt back on, but what I do know is how to build, maintain, remodel, manage, improve, and take care of homes and buildings.
I realize my market (San Diego) is too “rich” to make Cash-Flow deals work but I do see a lot of high-end flips, especially along the coast. While I may be able to provide “value” to these rehabbers, I am also interested in partnering with out of state BP members to allow me to invest my own funds to stack and grow my own portfolio.
I am reaching out to you all to get your feedback. Any assistance would be greatly appreciated.
Thank you,
Kevin Beck