All Forum Posts by: Eric Espinosa

Yep, this is true. I'm stuck in it. I just recently got laid off so now I'm trying to get back in the game I never started. Got nothing else to do. How do I get out? I've got nothing but time on my hands. Anyone out there willing to teach? Or least let me be their shadow? 

hi ray. Thanx. What can you offer? I'm basically ready to pull the trigger on something just don't have the avenue yet...

ok stupid question perhaps but what would the price of oil have anything to do overall with housing? I'm pretty sure no matter what people need homes regardless. Find the right home at the right price sure is key, I get that but still. Out here in Richmond new homes/condos are going up all over the place. If anything I was thinking even buying a condo or 2 new, if possible and just rent them out. I'd rather do the flips to get in and out quicker but hey, it's whatever know what I mean...

ok so I've got a decision to make...is it better to buy a condo flat out and flip it or buy a mortgage on a house to flip? I've got some money to play with, enough to buy a condo flat out and have money for fixes, but is it more cost effective to have a bigger budget to use and just mortgage out a house? 

hi guys. wow all the feedback is great!! really it is. as for my goals, flipping homes is where i seem to enjoy this venture. i get to work in a lot of homes doing the home theater thing and i see so many different types of homes and what people are doing with them. from new construction, to renovations and everything inbetween, i just love being involved in the process. funny part is i see so many things that people cheat through that it kills me. its like home theater for example - how many times have i seen jobs go so wrong that it kills me to have to go back out there to fix what the last guy screwed up...more times than i care to even think about. this is one of the main reasons i went into business for myself. little by little just kept working up the chain of things i see that i can fix or do better myself. my chain has now gotten me to real estate. i live in texas - coming from new york i see so much potential to have so much down here. i've been playing in the little league as i like to say - time to make it to the majors! real estate!

there i go rambling again - one day i'll write a book i guess lol. 

anyhow, seems like i have a lot  of reading to do. new year, new ventures, right?

My name is Eric and I'm really interested in real estate. I've been here before but I don't know, maybe it was just fear, maybe me just being an idiot, I don't know. I've been to all the seminars, watched all the videos, read the books, yet here I am, not doing a damn thing. All of them promise the same thing - no money, no credit needed. Is it just me or is it just a joke? I've done the asking friends and family, tried finding investors - I run a small business selling and installing home theater equipment, so I've met a lot of wealthy people - but still can't even come up with enough to just front the money myself to get this going. I've gone as far as finding a company that'll find and assess the homes and literally show me what the potential earnings are after flipping and I can't even do that. Am I doing something wrong? Call me a knucklehead perhaps, but you fall so you can learn to pick yourself back up, right? 

My overall goal, incorporate my home theater knowledge into flipping homes and making it so anyone can achieve entertainment at home. Yes I know, that's not what sells the homes and makes no ROI. I get that. I look at it as giving back, paying it forward, whatever you want to call it. What can I say, I love my home entertainment and want the same for others. With all my ways to get things at wholesale pricing and with the ways of knowing how to essentially get it all in there, while saving money on other things and still make a chunk of change at the end, I'm all for it.

I guess what I'm looking for is guidance, advice, a foot in the door, someone to push me off the cliff and show me how it's done. I've always been more a hands on type of learner. My whole life I've been that way. Moved from p New York 10 years ago to Houston so to say I've learned from my mistakes, is an understatement. Was moving here a mistake? Absolutely not! Had I not moved I may have never gotten into loving homes and all this flipping madness. 

Enough ranting form me. I'm here to learn and do and master this real estate business as best I can. I'm not getting any younger. Ultimate goal, I'm turning 40 this year on December 21st. I want to say I'm financially secure enough to know that my next 10 years are going to build on the best ofme and have me and family secure enough for generations to come.  Someone crazy enough to help show me these ways? I hope so. If not, I'm sure I'll fall down plenty more times on my own before getting there - and I will get there. 

Thanks my story. Thanx for taking the time to hear me out. 

Thanx Rob! Here I thought I was the crazy one thinking like this. Definitely want to just jump into all this head first already, hell I did that just moving my family to Houston, shotgun style. The first step is always the hardest, just like back then...only difference this time is I don't know HOW to start. I keep reading and learning and feel like I'm burning myself out in all this reading. I just want to jump in and make a deal already. 

Hey Rob,

That's what I figured. I've been reading back and forth, pros and cons, and just knowing the person that I am, I like to just cut out the middle men as much as possible. I appreciate help always but ever since moving to Houston 8 years ago, it just seems the New Yorker in me hasn't and won't ever leave me. A good thing for me for sure but going at this alone is no fun. Just with my recent history alone I see that. I try not to be cocky about it, but history just keeps repeating itself. I work for a company, leave and the clients call me back, not the company - and I don't even try. I've learned being my own individual takes me further and asking for the assist when needed works out best. Going back to this, this was my logic about getting my real estate license, getting my brokers license is in the not too distant future behind that as well. The way I see it, at least this way I can grow properly in real estate. Grow the proper networks and expand on that. Logical, yes...?

easy question I think...do I need one? If not, does having one help? I see it as if I'm going to invest money to learn anything, why not real go for the licensing, right? Been reading up on this lately and my guess is it will definitely help. Maybe I'm just asking a redundant question....

ok so I've been doing a lot of reading - so much my head feels like it's going to explode. Now I'm ready to take action. I've been looking at homes, comps, pricing, all that, but I have no idea how to even begin. Perhaps I do and fear is holding me back, but with all the fears I've faced in my life, I know it'll pass in a heartbeat. I just need direction. Offering my services to anyone interested in lending me some help and advice. I've got a light week this week. I'll have time on Wednesday afternoon to meet up with anyone willing to assist in my diving into this. I'm dying to get this ball rolling. Dying to move on with my life in a much deserved direction.