New Member from San Ramon, CA

[Nathan Anderson]

I'm am new to BP and from San Ramon, CA

Been looking onto Real Estate as long as I can remember. My Dad and Grandpa are mainly responsible for my interest. Both had different investment strategy that entailed a buy and hold model that proved very successful allowing time for family and early semi-retirement (as im sure everyone would agree a landlords job is never done).

While my objective is similar to that above, my path and goals are slightly different. I am still working on the investment model but believe I will start with a fix and flip model in the shorter term (2-4years) and diversify with a Buy & Hold of Multi-family and apartments further down the road.

My strategy so far:

• Fix and Flip in Mesa, AZ, due to the lack of fund to accomplish in Bay Area.
• Most of you are thinking crazy, but I have a partner in Arizona with a strong background in remodeling & construction management.
• Plan on using HELOC & borrowing against 401k for funding
• Goal is to complete 3-4 flips in 2014

I had a few questions:

1. Any suggestions with out of state partnerships?
2. Advice on my funding model from those that have use personal funds to get started?
3. Any additional advice for this newbie is welcome.

-Nathan

[Jon Klaus]

Welcome aboard, Nathan. How is Mesa, AZ a good candidate beyond having a contractor relationship, and being cheaper than your own area? Your plan seems pretty good, but it involves risk with out of area rehabbing, and major dependence on your partner to make it work.