All Forum Posts by: Billy Ip

@Marcus Bledsoe thanks for the feed back. I will definitely look into it. I do have a mentor that live in San Antonio that I can trust. Me and his daughter have been very good friends for over 10 years. Plus at the moment I am trying to connect with like minded people. Mainly I want rental for wealth in the long run. And do a flip on  the side. I have a gc that’s currently building my second location ( business ). He is very helpful and work a lot of the number for me with his people. Also he is my buddy dad. So I do have couple people on my team already. Mainly I am looking for deals. The way i am thinking if I am gonna do rentals regardless. Thought I might start on my first flip next year. Even if I cant sell it for a profit, I can a always refi it and rent it out. As long as the number make sense to me even if I can’t sell it. 

Thanks for the reply @Rick Pozos, I do have few friends that work with networth in town. As well as I will be contacting few realtor in town that are recommended with referral and what not. Lastly would be here if I decided to purchase out of state. Mainly looking at Indianapolis area as well as Midwest. 

Hey guys my name is Billy Ip reside In san antonio. I am a new investor. Recently I just purchase couple lots of raw land. I am planning to get into rental either a duplex or 4 plex end of the year with minor works. Plan is get is 70-80 percents of actual market value with consistent 5 increase of appreciation per year. My budget is 100k with 20 percents down. And hopefully I can get at least 1.5 percents - 2 hopefully. It doesn’t have to be in San Antonio as well. My plan is to hold for a year then refi for 80 -85 percents value and hope of getting my initial investment back after first year and purchase another property and so on. Any suggestion for a newbie myself.