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Updated over 1 year ago on . Most recent reply

User Stats

12
Posts
37
Votes
Kimberly Bunch
37
Votes |
12
Posts

New Member Introduction

Kimberly Bunch
Posted
  • Hi all! New member here and look forward to connecting and learning. 
  • My investment background: I got my RE license several years ago to simply save money on purchasing my own homes. I ended up helping a handful of friends and family buy/sell over the last few years and after seeing a multitude of flips on the market I decided to try my hand at it. I sold my first flip on March 30th of this year and bought my 2nd on March 31st. I just listed my 2nd today and have started demo on my 3rd. All have been funded with private money and shared profits. My profit goal per project is 10% of ARV.
  • I would like to start to create a portfolio of rental properties. I am a bit lost as to where to start! I have a desire to have a STR in a few spots - specifically, north Georgia Mountains, Mid-Town Atlanta, New York City and a beach location. Additionally, I would like to have a few mid-term properties here in Marietta.
  • I would like to fix/flip 2 additional properties by the end of the year and purchase 1 rental property to have ready to start to rent January 2024. 
  • I am looking to the BiggerPockets community for additional networking and resources. Specifically, creative lending strategies, suggestions on finding off-market properties and really understanding the cash-flow spreadsheet for rentals. 
  • Shout out to the Real Estate Rookie podcast. I started listening just a week ago, which got me to join this group and they may be convincing me to go Pro!

Most Popular Reply

User Stats

5,106
Posts
4,083
Votes
Nicholas L.
#1 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
4,083
Votes |
5,106
Posts
Nicholas L.
#1 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Kimberly Bunch

welcome.  here's my advice:

-go to REIAs

-start local (local being within driving distance - anywhere you can be hands on.)

i'm having success with creative financing and would be happy to discuss / share more

  • Nicholas L.
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