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Updated almost 8 years ago on . Most recent reply

User Stats

41
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22
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Angelou Masters
  • Investor
  • Oakland, CA
22
Votes |
41
Posts

Flipper from Oakland, Ca

Angelou Masters
  • Investor
  • Oakland, CA
Posted

I'm a full time investor I mainly do fix and flips but have a goal of buying two buy and hold rentals per year. I purchase the majority of my properties from the trustee sales which are held five days a week at county courthouse. Like most investors I also by from the MLS, individuals, estate attorneys etc when the deal makes sense. I sometimes wholesale deals when the numbers will work form everyone involved.

Most Popular Reply

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2,478
Posts
646
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Michael Lee
  • Investor
  • Coppell, TX
646
Votes |
2,478
Posts
Michael Lee
  • Investor
  • Coppell, TX
Replied

Hello and welcome to BP! You sound like you know what you are doing. Just keep on doing what you are doing. There are a few other things to consider. Do what is average for the neighberhood. One of the things you can do is to form some type of corporation or a LLC to protect you personally. Use an attorney and/or a CPA (or tax accountant) to get their advice. Do not try to do everything yourself. Do not cut any corners to make something look better. Try to stay as close to the town that you can afford. The town should be economically diverse and have a growing population.

Since you have experience I cannot think of anything to you except good luck!

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