All Forum Posts by: Toyin Dawodu

@Eric T. Unless your are an experienced investor, I would not even try to invest anywhere more than 40 miles from where I live. I live in Riverside, and I only travel to Los Angeles to buy a property if I can net $60,000. MY time is worth $1,000 per mile and I have done over 400 deals. So stay close to home my friend.

@Shara Carlton You make your money when you buy. If there's not profit in the deal, no investor will be willing to join you in a venture that is not profitable. Do you know how much equity you have in the property at the asking price you offered? Let me know then I can help you devise a profitable exit.. you can contact me direct.

@Kim Handelman There is no substitute for a one on one coach, especially in today's competitive real estate flipping market. I would not start in this business by getting e real estate license. The mentality of agents is different from an investor. Real estate is a business. Most people who succeed treat it as a business. 90% of people who take courses never do anything. The get overwhelmed with information and become disoriented from jumping form program to program, lead source to lead source and information overload. I am an agent, but I have never listed anyone's property, yet I have been paid commission on over 400 properties. In addition, I made another $20-40k profit on each property because I controlled each property. You can find out about me by googling my name, or check out my one on one coaching program by emailing me at [email protected]  

@Jace Mattinson Buying and holding is not a good strategy for newbies unless you have a pile of cash. If you want to get quick cash, you need to be flipping and or wholesaling. buy and hold is for people who can afford to weather the loss of income from vacancies and other contingencies of renting.

@Marco Ortiz Welcome to BiggerPockets Community. I also find this place very interesting. There's a lot to learn and opportunities to share.

@Alex Gitman Your decision should be based on the value of the property now and in 2016. If you can't get title insurance, you can do a "QUIET TITLE ACTION" so that you can get title insurance. You will need it if you plan to sell to someone in the future who has to obtain conventional loan. If you want more information on how to do a quiet title action you can contact me.[email protected] I was forced to do one myself when I bought some tax defaulted properties and the title companies refused to insure them.

Welcome! This is a great place for real estate folks. You'll learn a lot from here. Keep going!

@David Britton If you have $50k equity, you should probably leverage it on a few more houses where you can buy with little down and hard money loan or take over the seller's payment with a little down. If you control five of these homes, and each one appreciates at least 5-10% over the next 5 years, you can double your money. If you link up with a veteran investor, who know what they are doing, you can double your $50K in one or two years. Don't ever use your equity for anything other than making more money or more equity. You can partner with an experienced investor for your first few deals so you can learn to do it right. You might even pick up some free training from my website.

My time is worth $1,000 per hour. My contractors charge anywhere from $25-50 per hour. So if I attempt to do the contracting work myself, I am guaranteed to lose money. So I contract out 100% of all the work. Sometimes I even contract out the inspection unless I have to go there and put out some fire. Once you know what your time is worth. The decision is a no brainer.

@Belinda D. Yes. Glad to share. I have been doing this for over 15 years. I can smell a good deal even in my sleep. It's mainly due to experience. I offer personal coaching because technics are not enough. You need hand holding. You can check out my two websites for more details.

Www.gicdealfinders.info

Www.themagicofrealestate.info