All Forum Posts by: Tri Tran

 Yeah. All good things to consider. Thanks Jason

Hi everyone. I joined some facebook group and sometimes the members of the group offer a joint venture where the original investor has bought a property but will need my money for the renovation. Something like 41k for a month for a return of $14,350 (35%). Has anyone ever done this before? A 35% return in a couple of month seems pretty high. Are these likely scams? I know there are risk involved like market down turn, not selling for ARV, higher than expected renovation cost, etc, but I'm really worried about people just taking the money and running away with it. Any thoughts on deals like these on facebook?

Here's an example of one of the post on the facebook group.

Fix and flip Joint Venture Deal in Orlando, FLEstimated Rehab Days: 28 Days.Rehab Cost: $41,000ROI: 35%Asking: $227,000ARV: $375,000EMD: 15%I seek a partner to sponsor the full rehab for this property for a 35%($14,350) return after 28 daysDm if interested.

Hi Everybody,

My name is Tri (tree) and I'm fairly new to real estate business. I'm a working professional and have enough money for a down payment for my first house. I was thinking about investing in the high desert area (specifically Hesperia area) of CA as a buy and hold/rent property. I wanted to know what everybody’s general thoughts and opinions are about investing in this location? Will it be easy to find tenants? Or to sell the house quickly in a couple of years if needed? Basically, is this a good location overall for buying rental properties?

I used to work and live in the area (Victorville) and I could see first hand the growth that the whole area is undergoing. I thought about investing closer to home in the LA/OC area but like many others have said, the cash flow just isn't there.

Some feedback would be great! Excited to get to know most of you on this board as time goes on!

Thanks in advance