All Forum Posts by: Doug Lovett

Hi Alton,

I live in Titusville, just sent you a connection request. 

I own a bookkeeping company exclusively serving real estate investors. Through my work as a fractional CFO for REIs, I have found that finding quality bookkeepers who understand how REI books should work is a HUGE problem. That's why I created Books For REI, LLC (www.BooksForREI.com).

The first step to growing a PROFITABLE real estate business is creating and understanding a clear set of financials. That’s what we do!

I am an active real estate investor and unlike many bookkeepers out there, I was an investor first and decided to provide high quality bookkeeping services after gaining experience in the industry. 

Find out more at www.BooksForREI.com

I do fix & flips and occasional wholesale some properties.  Would love to connect!

Just sent you a connection request.

Hi Megan,

I am an investor in Jacksonville and have been doing fix & flips here since 2016.  I have in-house workers and we are looking for a new project.  I'd like to chat with you to see if we can help you out.

@Mike Amann it depends on how fast you want grow and your experience level.

If you don't have much (or any) experience in doing a BRRRR, doing the first few with cash could make sense so that you don't have an interest clock working against you.

As you get more experienced and are ready to grow faster and handle more projects at once, I’d find a hard money/private money lender and use your cash for down payments and reno and build your portfolio more quickly.

Who could have guessed that paying market price for homes and betting on price appreciation wouldn’t work out?

@Owen Hawbaker the best way to find a partner is through networking. Find any local REIA meetings, meetings listed on BP or through meetup and go to as many as you can.

@Brandon Acevedo I would do as many of these deals as I could before settling down and buying a house to live in long term. If you live in the house after the rehab, you will qualify for traditional financing at an owner occupant interest rate which is lower than the rate you can get a loan for an investment property. You need to stay there for a year then move into the next one. You can have 10 Fannie/Freddy mortgages in your name. Once you hit that limit, you can do 10 more in your girlfriend/wife’s name if you want.

@Jason Tassinari what kind of investing do you want to do? I’d read The Millionaire Real Estate Investor by Gary Keller and then start reading books in the area that you want to start in.

A common path is to start wholesaling, then do flipping, then buying rentals. If you’re going to be a wholesaler then you need to learn how both flippers and landlords evaluate deals so you can learn how to make offers that are appealing to them.

I’d get The Book on Flipping Houses and The Book on Estimating Rehab Costs by J Scott for flipping.

If you haven't already you need to find a your local REIA or other networking group and start going to those.

Beware of reading too much though. You just need the basics and then start evaluating deals. You will learn WAY more doing your fist deal than you will reading a lot of books.