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Updated over 4 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Ben Randall
  • Flipper/Rehabber
  • Tulsa, OK
2
Votes |
7
Posts

HOW!? I need to turn $50k into $100k - not scared of hard work

Ben Randall
  • Flipper/Rehabber
  • Tulsa, OK
Posted

I’m in the Tulsa, OK area. I have no idea where to start. I’m from a low income background and have no one to reach out to for information on real estate. I’m a seasoned remodeler, licensed HVAC, business owner, and a LEO.

I’ve worked since I was 15 trying to make something of myself and have just now got an opportunity to obtain a lump sum of money. I need to use this opportunity to start into real estate but not for long term investments quite yet. I need to make money first, and slowly build a rental portfolio over time.

I need information on the most efficient way to invest and capitalize within 6 months to a year at a time.

I appreciate any and all information and I’m grateful to finally have an opportunity to be on this side of the fence.

Most Popular Reply

User Stats

220
Posts
152
Votes
Michael Slockers
  • Real Estate Entrepreneur
  • Owasso, OK
152
Votes |
220
Posts
Michael Slockers
  • Real Estate Entrepreneur
  • Owasso, OK
Replied

@Ben Randall

Are you bankable? Do you have a full-time job with job history and can get a loan?

I think you have some options but a lot depends on how much risk you can take on and how much savings you have to live off of in the meantime (if you don't have another job).

I'd be happy to get together and brainstorm options with you. I've got a long path ahead myself but nothing sounds more interesting to me than helping someone like yourself chart a path towards your dreams and financial victories. 

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