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Updated over 5 years ago on . Most recent reply
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New member from Medford, Oregon
Greetings BP community. My name is Benjamin. I live in Medford, Oregon with my wife and two daughters. I have been in the residential and commercial floor covering trade since 2000. While it has been good to me, I am looking to start moving away from the labor side.
I became interested in flipping and brrrr about a year ago. I noticed some of the most successful people I have worked for own real estate, especially rentals. I worked as a sub contractor until last year (took an hourly job). I am looking to build passive income and a way to retire, or at least quit tearing up my body.
Right now I am working on a VA cash out refi to get some funds together to get started. I plan to hold the funds in a high yield saving account, continue reading and researching what's going on in my area, and planning to aggressively get a deal going this fall/winter. This is mainly due to my current workload.
If everything goes as planned, I should have about $60k with the ability to borrow another $25k. I have 19 years in construction, many tools, truck and trailer, and know some people in other trades. I believe these skills and tools will improve my chances of success.
I am open to input both here and from members in my local area and appreciate anyone's contribution.
Thanks for reading and I look forward to the journey.
Benjamin
Most Popular Reply
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Your construction experience will be invaluable as you determine what repairs to perform on properties. You will be able to buy properties that other investors cannot buy because of your repair knowledge.
if you're starting, I would recommend being around other investors. Find a local meet up of investors and go network.