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Updated about 2 months ago,
New-ish investor looking for mentor
Hey gang,
Long time lurker, first time poster. My wife and I are going all-in investing in real estate. We make a combined $310k, have no debt aside from our home in San Diego with a $3500 mortgage payment. We purchased our first flip earlier this year and cleared almost $70k in 3 months. We used those funds to clear some debt and are actively looking for our next deal.
We have solid W2 income and have active profitable businesses in operation for over a decade. Our credit scores are 800s & 700s. We want out of our W2 jobs and to refocus our entrepreneurial efforts 100% into real estate.
Here’s our focus:
Fix and flips to fund purchases of STR, MTR and LTR properties. Off or on-market, as long as the numbers work, we're interested. We are targeting the Houston market as I have a family member who is a seasoned GC that I trust but open to other markets as well. Specifically, Nashville, Gulf Shores, Austin, etc.
Not opposed to traditional financing if the numbers work
We are not afraid of MHPs, land, or multi family deals.
We have about $250k liquid with additional funds available if necessary.
I am so sick of all of the paid master class instagram “experts.” I am looking for someone who is open to a mentor-protege relationship with equity opportunity in each deal.
If I’m barking up the wrong tree, please don’t hesitate let me know.
Any advice, I’m all ears. Anyone in the same stage as us, would love to connect.
Thanks,
Allen