All Forum Posts by: Donovan Curry

@Seth Teel I will PM you now. Thanks for the advice. Happy 4th

Hello all, sorry for the vague question.

I'm looking to begin my investing career by flipping 2-3 distressed houses. I'd then put all of my profits into buying more distressed properties and renting them out using the BRRRR strategy. I'd then like to scale out to have many properties and then eventually start doing deals in different cities and states.

I began by doing research on youtube about a year ago on what real-estate can do for me and the value it can add to my life. I then came across bigger pockets, I watched many youtube videos, and attended many webinars and began to save my money at an extremely high rate. I know how around 25k in cash liquid and have began looking into distressed properties. I'm still trying to find the best hard money loan I can possibly get, this has been a little challenging because I'd like to find a HML that will cover an entire project that may be 70k-120k. I believe I've found the right agent, but outside of that I have not built my team all around.

@Collin Corrington @Jason Lee @Rick Pozos

I'm looking to network with any seasoned San Antonio investors. I'd love any recommendations or any information. 

@Lydia R. Lydia, Thanks for that. To answer 3, I'm on myhomedeals.com and paid for the elite package. Outside of that I've been networking and posting on biggerpockets and I've ran into people who are sending me deals. Any suggestions on where else I should go? 4.I'm working on getting with a realtor in each city I plan on scouting. 5. I have 25k in cash, I'm considering and reaching out for partners, private lending and hard money. 

@Odie Ayaga Odie, I have about 25k in funds. I'm seeing that these hard lenders do charge quite a bit, I have gotten in touch with individual who is a private lender in DFW, but Its seems no to be easy to find any others in different areas of the state.

@Don Alder-LaRue Don this is great information, thank you. I do not have a spreadsheet, should I use bigger pockets calculator to run my numbers?

If you have a good credit score (700+) and 25k in cash, what should be your finance strategy for a fixer up/fix up & hold?

@Jay Hinrichs Thanks for the heads up. I’m on myhousedeals.com and I read to never pay for any (fee’s) upfront.

@Tom S. This definitely helps. I spoke with a few lenders today and talked through some of the other expenses.

Basically getting a distressed house thats ARV is high compared to purchase price is where you should start?

Buy and flip going in to any property, but Im open to the best strategy.