All Forum Posts by: Carlos Gonzalez

You might consider starting where I did and its as viable today as ever. Flip mobile homes in mobile home parks. Low initial investment, low cost fix up, profit margins of 50% to 200%, quick turnaround time. Its housing but not real estate. Mobile homes are personal property, sold quickly and easily with a title and bill of sale. I'm serious about the profits. Been doing this for 20 years.

The money I've been able to put in the bank to reinvest (income producing real estate) got me over the 'trailer' mentality long ago :)

Thanks for that input! Where can I research more about this? I'm interested.

0 Votes

Originally posted by @Katherine Blazer:

Hi Welcome Carlos! My business partner's husband is from Puerto Rico, now he flips and owns a roofing company in Tampa Buy! Let me know if we can help in any way!

Hi! Just sent a request to connect with you!

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Originally posted by @Michael Glist:

Congrats on being motivated to get started that is a big step into actually getting into this business is actually starting.

When you say you have $112,000 as a budget is that the amount you have liquid in cash ready to deploy or is that the amount that you have been pre-approved for by a lender based on your liquid cash and reserves?

Also do you have anyone that you know and/or trust in FL that will be helping you with your investing or do you plan on flying out there the manages your project(s) or are you just going to invest out of state without a team and hope for the best. This is important as without experience investing out of state and not knowing the market or having actual eyes on the property or the ability to visit the property at any given time can be tough and risky.

Hi, $112,000 is the amount that I have been pre-approved by a lender based on my liquid cash and reserves. I am in the process of building my team in order to start investing!

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@Rachel Morrow Hi, thanks! I figured out Florida will help me since I have family over there. If there’s a big issue that needs me there, I can get there or send a family member.

Getting a partner sounds great, but I don’t know any investor anywhere. How do you recommend me finding one?

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Orlando, Florida

Hi, so I am looking to do my first buy, fix and flip project in Florida. Just got private money lender pre-approved me with $112,000 which includes buy and rehab. This means that I’m looking at some entry-level flips with not a big profit and then build my way up bigger profits and bigger properties. Any recommendations on how and/or where should I start? Any tips I should have in mind before I start investing?

any help is welcome, thanks!

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Orlando, Florida

Hi, My name is Carlos Gonzalez, I'm 19 years old and I want to start investing in the state of Florida. I came to BiggerPockets since I first purchased the BRRRR strategy book from David Greene which mentioned this great community. Right now I live in Puerto Rico, that means I am investing Out-of-State. My main goal now is to start flipping properties, to start getting to know the market and to build capital. Once I can grasp how it all works, I'd like to get to the BRRRR strategy so I can start a big portfolio throughout the years. I have a budget of $112,000 to buy and rehab properties, this is what I want to start and building my way up to bigger properties and bigger profits.

3 Votes

Hi, so I am looking to do my first buy, fix and flip project in Florida. Right now I'm living in Puerto Rico so I will be investing out-of-state. Just got private money lender pre-approved me with $112,000 which includes buy and rehab. This means that I’m looking at some entry-level flips with not a big profit. Any recommendations on how and/or where should I start? Any tips I should have in mind before I start investing?

any help is welcome, thanks!

1 Vote

All Forum Posts by: Carlos Gonzalez

Carlos Gonzalez has started 3 posts and replied 7 times.

Post: Newbie investing in Florida

Post: Newbie investing in Florida

Post: Newbie investing in Florida

Post: Out-of-State Beginner Investor looking to Fix & Flip

Post: Out-of-State Beginner Investor looking to Fix & Flip

Post: Newbie investing in Florida

Post: Out-of-State Beginner Investor looking to Fix & Flip