Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago, 05/08/2017

User Stats

18
Posts
1
Votes
Alexander Quan
  • Real Estate Agent
  • Irvine, CA
1
Votes |
18
Posts

Need advice on what route I should take, please!

Alexander Quan
  • Real Estate Agent
  • Irvine, CA
Posted
Hi Bigger Pockets world, I'm not sure if anyone will read this however, here goes. I have been following the BP podcasts and have listened to 17 episodes and so I joined the site. My market is Southern California. I am a full time Real Estate agent having closed a few deals, while starting late last year. Here is what I have planned to do or our options that we have: My fiancé was approved for at least $550k, as she is a pharmacist so her W2 is very useful for us to get started. We do not want to purchase a home for us to live as we can still live with our parents (lucky and not so lucky). I really want to start investing now while I'm closing deals as a full time agent. I just am not sure if we should flip or hold? Or should we consider both if the right deal comes together? What would you do if you were us? You are preapproved for a loan and don't really have any debts. I should also add that my uncle is the reason why I would go into investing because he has been investing for 30 years and has accumulated a lot of hold properties from trustee sales. I have a home that we are going to take a look at tomorrow because this person wants to sell but if he can avoid listing then we can buy it from him. I just don't know if I should consider flipping or holding? I'm sorry, I'm prob all over the place. What should I focus my efforts on? My main goal is to buy and hold and create long term wealth by accumulating 100 properties. Eventually just buy cash at trustee sale. Thoughts?

Loading replies...