All Forum Posts by: Daniel Lee

Thanks for some great advice everyone, keep the info coming.

Zeke I own a flooring retail store along with a remodeling business.  So I can get out way cheaper than normal people.

So I need some advice on best way to proceed.  I'm looking at investing pretty heavily this next year but not for sure exactly what route to go.  I have my main home in Amarillo, TX which is valued at $130,00.  I owe $70,000 on it atm.  I also have a rental that is valued at $55,000 and owe $30,000.  I'm wanting to either get a home equity line of credit or home equity loan on my main property and possible do the same on my rental.  Should I use that cash to either buy and flip a few houses to get some more equity built up or invest in some rentals atm.  Short term I'm needing that cash from a flip to keep the investing going but long term plan is to build up on the rentals for continuous income.  Please advise what is the best way to proceed.  Thanks for all input.

Cody I'd love for you to drop by or give us a call and I can bring some samples to you if you give me a idea of what you are looking for.  Just look up All Seasons Flooring for the contact info or I can message you.  Thanks for the interest.

Curt my two properties I have are 1.5% and 1.6% of purchase price.  

Scott we tossed the idea around a bit but we found a location that I believe would be a good spot along with a great price on it.  Where is the location you are talking about?

Tony sounds like a terrific opportunity, thanks for the invite. I will definitely sign up and hopefully meet some great people.  Thanks again

Steve thanks for the warm welcome.  We would love to help you out on your floors,just give us a call and I will do what I can for you.  Since your new I'd love to hear how things are going for you.  Are you flipping or holding right now?  Here's our stores info, if we can do anything for you just give us a shout.

Our flooring business is All Seasons Flooring

Just look us up on our website for our contact info

Arick thanks for the good word on our flooring company! It's always nice to meet our customers expectations.  I would love to get your bankers info from you, I think it always helps to have that relationship with people you do business with.  If you have any spare time give us a review on Yelp and or Facebook.  Just google All Seasons Flooring and you will find us.  

Michael,

I have a realtor friend who is helping me look for some properties for flipping. I'm tossing around in my head at least a 10% ROI for these houses but as I'm new on this any input would help on what everyone else shoots for. I havn't thought about staging, I guess it would be a deciding factor on the area that I bought the house in. Again input from more experienced than I would help.