All Forum Posts by: Chris Rose

Not sure where to start on investing. I’m still a newbie and learning daily. My wife and I are trying to get a business plan started and not sure what we should start with. We have student loans about $30k. Our other debt is vehicles totaling about 70k and others totaling in $10k. Right off the bat I don’t think that going for a loan to buy a property is the best bet here.

We would like to start flipping properties to raise some capital to get us going. My first thought is to find some seller financing. I don’t think turn key is a bad thing but I don’t see it as profitable given this situation. Another option I would be willing to entertain is partner with someone who’s flipping and help with the properties and in return gain a percentage of the profit.

How would be a good way to try both of these options? Also do you have some sort of other idea to raise capital? Our goals are to raise capital to start flipping properties and get to a point of doing about 5-10 a year.

Any and all information is much appreciated. I’m in the north Dallas area if that helps at all.

Hi all, haven’t been on this site long, but I’m learning a lot. Been listening to about 4-5 podcasts a day. I currently work 15-17hour days through two jobs. One is my main job(yardman at a concrete plant)and the other is to supplement income(valet trash). I am working two jobs to pay off my credit situation so that I’m able to buy the house my wife and I want in 3 months.

The house will be cheaper than my current $1300 a month 1bd/1ba apartment. We will need to update the house as it is likely to need a new roof and some other things. Nothing too crazy has been done to the house since it was built in 1965. Not sure what the total cost of the renovations will cost.

We plan on keeping this house for a few years until we are able to move down to Austin Tx. When we do that I would make this property a rental. My problem is I want to buy this house for several reasons like being able to give my three dogs a yard and other things. I also want to get serious in investing.

Our first step I think is to flip some properties to raise some capital so I can buy cash for a deal. I want to establish myself as a reputable source for investors to feel comfortable investing with me. Next step would be to build this as a formal business getting all the ducks in a row if you will.

Any and all Information would be awesome as I’m still trying to learn as much as I can and I’m sure I’m missing something.