All Forum Posts by: Account Closed

@Jamie Spitale  My advice is not to take advice from anyone regarding where to/not to invest.  I'm constantly amazed by the diverse strategies for investing in real estate.  One person's trash is another's treasure.  Your goals, strengths, and weaknesses should drive your strategy, not somebody's opinion on where you should invest.   

Thanks for the info.  I see My Sacramento made the list!

<Insert Snidely Whiplash Mustache Twirl>

Yeesh.  That covers my mortgage and then some.  

Flipping is a job. When you quite flipping the money stops. Buy and hold is the way to sustained income. If you have the cash and / or financing buy and hold is IMO your best option. As far as "wholesaling", that would depend on your state laws and what is legal in your jurisdiction. I have been doing buy and hold for less than three years and now have about 11K a month in gross income. I use very aggressive financing and will be almost debt free in less than five years.

hi everyone!! 

My name is ryan and i've been investing in real estate for about 10 years now. I currently have a portfolio of rentals and do around 6 flips a year. I also own a real estate brokerage where I help clients achieve their real estate goals. I've been reading articles on bp for years now which has given me a wealth of knowledge and confidence in my real estate deals. I'm here to answer any questions you may have and network with like minded professionals. Happy hunting!!

hey everyone after a few weeks of reading forums on bp. I noticed there is a huge group of newbies that are looking for mentors or just general help on a personal level. So I was wondering if anyone out there has had luck finding mentors through bp and if so would you share your story with us. It's been pretty difficult for me to find an experienced investor with a similar mentality to mine.

Morning Clayton, glad to see you're hyped and actively learning about REI!

Do you need to have the property in your local area? Out-of-state turnkey properties could be a great alternative source of cash-flow - alternatively, you could look for deals in a wider radius of your current location. This is an dilemma many other BP members have, and I'm sure there's a few threads out there that (like this one) hopefully give you some insight into how they handled it. You should consider your budget, your risk tolerance, how much time you're willing to invest in doing research, and what skills / connections you already have. That will help you determine what kind of approach towards property types / financing / investing in general, you'll want to take. 

It seems like you've already accumulated a sizable knowledge base - have you read the Ultimate Beginners Guide already, as well? It addresses some of the "how much money should I have on hand" questions you might have. The gist of it (of all deals) is, know your numbers - they'll speak for themselves whether or not a deal is good or not. Hope that helps, and welcome to BP!