All Forum Posts by: Francisco Torres

I see that this thread was started a while ago. I was wondering how it has turned out for you since your post? Did you make your first deal? I would love to hear about it. I am from the area and interested in getting started and would like to know know how it is going for you and discuss possible doing some deals.

Thanks

Thank you all for your responses, these are all subjects that I will look into and research. I am very interested and motivated so I am ready to get started!

Ok so what I'm thinking is borrowing money from a hard money lender and buying a house for a quick fix and flip of the house. From what I have read here and other places this is the way to start making some money. So are you saying that a lender will want you to hold onto the house longer? So when you agree to their loan there is time period you agree to? With that you have to wait to sell the house?

Hello all, I am a new to real estate investing and still in the research and reading phase. I have read that when you buy a property you have to hold on to it for 90 days to avoid some sort of penalty. So when you factor in your expenses you should factor in 3 months of costs. Is this true? Second if you do have to factor in 3 months of expenses, does that come out of your pocket?

Thanks