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Updated over 5 years ago on . Most recent reply
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New california investor looking to work in the business
Hi everyone,
I just want to introduce myself. I'm a new investor that is looking to work in the fix up contruction side, potentially as a project manager while I learn some more of the in depth knowledge of investing. I've been learning and for years and have now started making deals and now want to make it a full time thing for me.
I'm here to share any potential knowledge I have and learn as much as I can.
I'm currently trying to land a deal that I pay 30,000 to take over a loan of $373,524.33. The property has 3 doors on it. It is one parcel with 2 5 acre lots. One of the lots has one house on it, the other has a a house and a granny unit. The loan I'm taking over is 2500 a month with taxes and insurance included. The one property with the granny unit will pay 2550, while the other property will pay 1500 on a low end. So from what i'm thinking, and it being in California, I can find good deal and understand what to look for.
I'm interested in knowing what everyone thinks of not only me wanting to do real eastate as a job and investment as well as if you think I found a decent deal. Thank you.