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Updated over 17 years ago,

User Stats

48
Posts
1
Votes
Josh Gibbons
  • Real Estate Investor
  • Bethlehem, PA
1
Votes |
48
Posts

Hello from Eastern PA/Western NJ

Josh Gibbons
  • Real Estate Investor
  • Bethlehem, PA
Posted

Ok so I've been on this site for awhile.....just lurked....

I became interested in real estate in my early 20's (I'm 24 now) when I realized just how much profit can be had by flipping a car (what I now do for a living).....

Using my knowledge of a select market (VW and Audi's) I could turn a $1000 purchase into a $3500 sale in a matter of days, for a $2000 profit...worked out well for me. I continued to do it, turning $750 purchases into $6500 cars, $2000 to $5000 etc etc..going through many cars

So the more I thought about it, I really enjoyed flipping, and decided if I can flip a car, I can flip a house. So I started out researching my area, lurking on this site, attending seminars, reading books, listening to tapes/seminars while I have been driving, etc...I've met a few investors in my area as well.

I purchased my first property that I currently live in. I have $65k in equity in it that I'm going to pull/credit line to be able to purchase more vehichles and wholesale them, while retailing others. I am also actively looking for properties, just want to really get the cars "in motion" much more than they are now as it can be rather lucrative and still gives me plenty of free time.

I am into investing for the long term, have the skills to make deals/find deals (it's what I've been doing since I was young really), and the ability to network/make friends/partners so everyone makes money, which makes us all happy. I would like to flip a few properties to get some capital, as well as begin to build up a rental income to create stable wealth for my family/daughter later in life.

Again I'm very fortunate to find a site like this, and appreciate any help I can get. I'm amazed at some of the info on here, and the experience some of you guys/girls have. If there's anything I can do to help you (car wise, even real estate wise, whatever really) please PM me and I'll gladly do what I can...

Thanks again and invest wisely!

P.S. I also have access to my local MLS thanks to my dad's gf who is a licenced realtor 8)

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