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Updated 12 months ago on . Most recent reply
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Longtime novice investor
Hey y'all! I've built a lot of homes over the years, but am now serious about acquiring as much as possible (buy and hold) and learning from all you trailblazers in front of me.
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- Residential Real Estate Agent
- Irvine, CA
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Quote from @Dave Anderson:
Hey y'all! I've built a lot of homes over the years, but am now serious about acquiring as much as possible (buy and hold) and learning from all you trailblazers in front of me.
You are in the right place! You need to take that knowledge from building homes, the building construction you know gives you a huge advantage on what you can buy something for and fix it up for after purchase. The key you need is knowing the amount you can buy, fix, and then rent it out (not sell it for). That would best be done by grabbing a cup of coffee from a realtor (or a couple realtors) in your market to iron out those details! They can give you insight on the market, what you need to buy for, and what the rents are in the area (so you can calculate your returns). Then once you have all those numbers stick to them till you find that deal that fits and buy it!
- Peter Mckernan
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