All Forum Posts by: Andrew McIntyre

Hi There- I am have been listing to a few of the podcast here lately while I have been working and I am really happy.  That being said, I have always wanted to start investing in real estate preferable tri-plex and  quadplexes.  I am not quite sure where I should start but here are the parts I have.

I am a designer of both residential and commercial properties- I am not licensed architect  but have over 20 years experience working with both architectural firms and design-build firms.  I have a great command of the process involved with construction and project management of a successful project.

I was told by some I admire that I constantly meet with about doing investing that I reminded him of someone how is sitting on the sitting line in the stands and dreaming of getting into the game( real estate investing) but never do it.  It has driven me crazy and I want in the game.  I feel I have a good "why" I want to but just an having a hard time taking the next step.  I don't have a ton of money but think I would be able to get loans from family or friends.  

Please let em know if someone would be willing to speak with me.

thanks

Andrew

I would like to get into flipping homes. I currently live in Omaha, NE and and would like to do this here.
I have a few flips while I lived in San Francisco
My background is architecture and I have work for over a decade in design build firms.
I have been struggling trying to find work and feel with my design background, my ability to do a lot of the work on my own to fix up houses that I would possibly do well. I also have the opportunity to generate financial backing from relatives that would allow me to get maybe two house going at once without going to the bank.
So my questions are :
1- Can I earn an regular income if I did most of the work for upgrading these homes? I would also at as the GC Being the GC would I take on a 15% charge?
(what about doing the framing hauling, etc- Do I charge for this" or is this in the profit?
2-What type of profits should be giving to the lender?(I know this can vary but is there a typical range for borrowing from friendlies. 8%, 10%, 15%
3- What is the topical hold and your time for flipping?
4- Should I do a for sale by owner or use a Realtor?

Any guidance would be greatly appreciated.
thanks
Andrew