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Updated almost 3 years ago on . Most recent reply
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New to the Scene, Can Do Attitude.
Hello, My name is Jordan and I live and work in the Southern California area.
A couple of areas I'd like to focus on would be
Wholesaling,
Flipping,
Building.
I have some connections for investors and I build/remodel with a GC and he is keen on the idea of us taking on a flip or two for our next project. I would love to find some connections to help make that happen. And I would personally like to learn how to wholesale. I've listened to a ton of the podcasts, but still feel unsure of where to start when it comes to finding and making calls.
Most Popular Reply
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I don't feel confused. I have very clear goals of what I want to do.
LA is a pricey market to jump in on and buy a house. The goal is to build up capital to be able to get in on one persoanlly. Working to get pre-approved and see what I can come to the table with and purchase.
Fix and Flip - I work directly every day with a GC and we are trying to build our business to expand beyond just fixing other peoples houses and instead flipping a house and going for a greater margin of profit for us. This would require either an SBA Loan or take on a Hard Money loan and get in and get out quickly. (Again though, LA market 499K Cash needed to get a discounted price on a house)
Wholesaling - I like the concept, I like talking to people and I like solving problems, and I like making a profit. I am a networker and I don't mind talking to people in situations where there is potential to help them out. If I can do this and make a profit that can go towards funding the other above mentioned goals, then I am interested in pursuing it.
I don't see myself as being confused, I see that as having goals, and instead of exit strategies, these are entrance strategies.
You are right that I could just buy a property and rent it, and I am working towards some version of a house hack, but mortgage rates just went up and houses in Hollywood are pricey. But it is a work in progress.