All Forum Posts by: George Barboza

How do you plan your flips? What order do do it in?

Demo, Patch, paint, trim? Etc.. or how do you organize it ?

Example a house that neededs new everything, except major ticket items, & drywall

Im staring a facebook page (based in Aurora, Co where I can help others learn ablut the power of real estate investing!! Im 20 years old so my first audience would be people of my age 18-25 (roughly). I am trying to help everyone around me start investing wisely to break the cycle and help our future generation, is there any advice you think I should include ? I have things I want to include but would love to include things you all say! Thanks 🙏🏽 😁 Will try and post all types of investing!

@Jesse Daconta I am not too familiar with that last part. Could you explain?

I do plan on eventually going into larger properties with more doors.

I would love to start diving into the wonder world of Rental property investing but I am mot too sure how to start my approach. I live in Colorado where its hard to start if you have little to no money, because of how expensive it is. I am currently paying very little to no rent and starting to save for my first property; I am wondering how I should approach my first property. I have thought of using FHA loan to get my start up, upside I can start with a 3.5% down, downside I have to live in the property for a year which cuts down revenue, and its only up to 4 units. I could use a conventional loan for a property with practically any units id like, but it would require a 25-30% Down. The property would also be more expensive which would require a larger down pmt, and It would take longer to get into this business. Any advise as to which direction I should take?

Should I do the FHA loan, start small, live in the property, just to get started ?

Or should I be patient and save for a bigger property with more units, even though id take a lot longer ?

Im thinking of long term investing. I just do not want to wait too long. But also do not want to rush into it and fail.

- I live in Aurora Colorado and I want to get into rental properties but I dont know how much money is a good amount to have to get started. Im guessing to have around 15k but im not sure if its too low because of how high prices are in Colorado. Or should I get out of Colorado and invest somewhere that is cheaper ?