All Forum Posts by: David Oldenburg

@Kim Stofan Hi, thanks for the mention on my REI group! @Bryan Jacob Heilman   I'm not allowed to promote anything here in the regular forum, but you can learn anything and everything you need to know for flipping for FREE here on BP's and in my meetings.  Private message me for details :-)

@Kevin Christensen I lead a big REI group and hear this a lot! The great thing about real estate investing is that you can invest, partner, etc... without having to spend a lot of money. In other words, you can do some investing and continue learning and also enjoy your wife and your family.

While it does sometimes take money to make money, I consistently see that those with zero money come into my group and build wealth easily.  They usually start with wholesaling to learn and begin doing a few deals and making a little money. Later, they do more investing with their own capital.  

Here is what usually happens in a marriage.  Once your wife sees some success (profit and money!) she will begin to warm up to what you are doing.  This is kinda funny, but my wife still is convinced I am going to lose money on every flip, wholetail deal and wholesale deal!  The fact is I have NEVER lost any money on any deals I have done.  We are just two different people with 2 different ways of looking at investing.

You are doing the right thing by learning and spending time learning!

This is a great YouTube video  (Grow House Video Click Here)  of my son and I walking a Grow House in Sacramento for a possible flip.  This is a new YouTube channel we are going to build out. I do a lot of live event speaking and teaching people how to flip, wholesale and build wealth, so this channel is a great way to follow some of what I am doing.   

Our January meetings are always high energy and big crowds! (Expect well over 100 BP members and other real estate investors). Are you finding deals $100K under market consistently? David Oldenburg spends no money on marketing and consistently finds deals $100K or more under market. He is going to share 3 strategies that help him find deals on MLS and off-market, and what successful flippers and wholesalers are doing across the nation. (SEE MORE INFO BELOW PIC)

David is also showing how a group can blow-up a social media account in real time, during the meeting, and why you need to get involved in our new real estate social media engagement group.

If you want to make 6 figures a year or per month, this is the right meeting for you! Take your real estate investing to the next level and don't get left behind. ((David Oldenburg is only speaking 4 times at Whitney Oaks in 2019)), so you do not want to miss this incredible opportunity, to learn and network with some of the best people in the industry.

We are also launching a new 2019 member directory so you must be present to be included and get the names of others. This is going to be a big night and a lot of fun! Bring a friend and get there early. There is a bar and a restaurant and they serve great food!

David Oldenburg
Founder / Leader
Roseville Real Estate Investing Group

@Pratik P. I agree with Pratik! There is so much information on Youtube and here on BP's. Go to local REI groups, network, and learn from the people actually doing what you want to do!

I run the REI group in Roseville that people are talking about on this thread. You can look it up on my profile :-). We have 1400 members and I teach primary flipping, Wholetailing and wholesaling strategies. Always well over 100 people at each event and lots of BP members attend.

I do a lot of flipping and Wholetailing in the Sacramento area. I also teach people in my REI group which has over 1400 members. My group is free and I think there are also some groups in your area. Sacramento is a great market for flipping.

@Jay Hinrichs  I think are wives might be sisters!  Well, they are both always right, and what are the odds...they must be related :-)

This is not a brilliant idea for anyone thinking about it. Paying off a mortgage quickly, is just simply paying more money...period. Paying a mortgage with a HELOC is dumb, as you are paying interest on the HELOC in order to pay interest on your mortgage. BTW, most HELOC's come with a rate higher than your mortgage rate. Would you use your credit card to pay your mortgage payment? Of course not, because it comes with a rate higher than your mortgage, the same goes for a HELOC.

If you want to rapidly accelerate your mortgage, simply pay as much as you can each month toward your mortgage.  When you pay off debt, apply that payment to your mortgage as well. Don't eat out as much and apply that money.  You will be accelerating your mortgage each month, and each month more and more of your payment will be going to principal. That's how amortization works on a 30-year loan.  

@Shalom Afraimian Congrats on selling your deals on your own. You absolutely do not need a Realtor to sell or market your deals, and getting them on MLS for a flat fee is very easy. I have been a Realtor/Broker for almost 30 years (although I do primarily flipping and teaching others now). I sell all my flips in 7 days. I just sold a flip in 4 days, even though the market inventory went from 25 homes for sale nearby, to 91 homes when I listed. I had a lot of competition.

I grew up hearing location, location, location, but that is ridiculous. It's price, price, price.  I can sell any home in any area for the right price.  In addition, I can flip any home in any area and profit if I buy it for the right price.  

I am guessing that your homes are not priced right if they are not selling in a fast enough time. Time is money in flipping. If you are paying on a hard money loan, each day is costing you more. In my area right now, time is your enemy, as prices have been dropping and marketing times are rising.  

Where a really good Realtor can help you, is in pricing it correctly. Unfortunately, I find most Realtors (even very experienced ones) are not that great at comping accurately and moving a home for top-dollar quickly.  They either price too high and it sits, or too low and you lose some of the profit you could have made.  

I don't believe most of your Realtors care that you are not an agent. On my listings, I find the Realtors rarely even read what I write in MLS. I have also helped many FSBO's list their homes or flips and they all sold quickly, as I helped them price it and they have had no problems with other agents showing their homes.

Good Luck!