All Forum Posts by: Cameron Novak

Hello,

I met someone last week who turned me on to Bigger Pockets.  I'm currently going through the terrific library of podcasts.  Great info.

I'm a real estate broker who has been licensed and involved in the real estate industry for almost 20 years.  I'm always ready to do a flip when I see a good opportunity.  I'm open to working in partnership with others in order to pool available funds and limit out of pocket costs.  I'd like to have $20k/mo. passive income from rentals within the next 36 months (flipping to generate down payment $ for rental purchases).

If you're like minded and are flipping or want to flip homes in the Southern California area, I'd love to hear from you.

My last flip was a property in Corona, CA.   After repairs (which consisted of landscaping, painting, carpet, tiling, fencing, and other small repairs) and other expenses, our net profit was approximately $23k.  60 days from start to finish (close of escrow on the resale).  I love hearing about deals here on BP with even larger margins. 

My only hold at this point is a home I purchased for $360k (now appraising for $605k), but I'm ready to start buying hold properties as funds from flipping permit.  

Let's do this!

Message me if you're in my area and would like to meet up for coffee or lunch and talk about real estate investment (flipping/holding) in Southern California.  I'm all about action... Let's do this!

Cameron

Mattresses last quite a while.  I wouldn't be too concerned with this portion of your investment.  

You can find some terrific deals on slightly used or even NEW mattresses on Craigslist.

Good luck!
Cameron

Congrats Mike.  Now do it 10 or 20 more times.  ;-)

I wish I had that price point in SoCal to work with.

Cheers,

Cameron

Congrats on your decision to better your future through real estate investment.  I'm sure there are deals to be had in the price range you posted, but had you thought about doing something a bit smaller to get your feet wet in the market?

If you look a bit inland, (Riverside, Chino, Chino Hills, Fontana, Corona, etc.), you're able to get much more for the $.

Good luck and keep in touch.

Cameron