All Forum Posts by: Dakota Ochoa

What are the pros and cons of having your real estate license as a fix and flipper? And as a buy and hold investor? I’m considering getting my license and would love some help deciding whether or not it’s a good idea for me. TIA!

@Don Konipol, @Mike M., @David Acosta Thank you for the input! I’m looking at different exit strategies and I’m trying to better understand seller financing so I can have it in my back pocket if needed. Ya’ll explained it well. Thank you very much!

Do I have to own a home free and clear to offer seller financing to a buyer? Not sure how seller financing works completely. Thanks for the help in advance!

Hello, does anyone know of any good meetups in or near Temple, Tx?

@Joe Villeneuve Makes sense, and I’ve heard this before, but I had a hard time making a step by step plan until I just recently listened to a BP podcast that explained how to do just that in good detail. Thank you for your time Sir!

@Joe Villeneuve Thank you for the advice! I guess I’m mainly wondering if fix and flips will get me to financial freedom faster than rentals? I know my why, and I know I want to build my monthly income through cash flowing rentals to where I can leave my job, I just want to leave my job as soon as I can and I feel that the larger profits from flips can get me there faster. And then I can start transitioning into rental property once I’m out of my job. Does that sound like a good plan?

Hello all! I’ve learned quite a bit about real estate investing and many different strategies but I’m having a hard time deciding which strategy is best for me to start with. I don’t have a whole lot of spare time, and I don’t have savings. But I do have good credit. The plan is to use my home equity to get started, but I don’t know if I should start with fix and flip, or rentals. I want to accumulate enough cash flow through multi family to be able to leave my job and focus on investing full time. But I feel like fix and flips could get me out of my job faster. So should I start with fix and flips and just pay someone with part of the first loan to oversee the first project, and then use profits from there on out to pay someone until i leave my job? Thanks for the feedback in advance!

@Russell Brazil That makes perfect sense. Thank you for explaining that! Thank you to the others that replied as well!

I see people voting for each other on bigger pockets, but I’m not sure what the “vote” actually means? Is it basically a “like” button? TIA

@Marian Smith

Thank you for your advice! I’ve dealt with it a little in the past. But I just want to make sure what I think I know is actually correct. I will definitely look at that pamphlet online. Thank you again!