All Forum Posts by: Isaac Baron

This is exactly what I was looking for.  Thanks Eric!

 Sounds good, thanks! I will definitely check out that show, I had never heard of it.

Will definitely check that podcast out. No specific questions just yet, but I guess one very broad question I can think of is what would you say is the biggest difference in evaluating a potential deal between a LTR and an STR? Thanks!

Hi,

Currently a LTR landlord however I am considering exploring the STR space. Is there any book or books that are specifically about STRs that you guys would recommend?

Thanks,

Isaac

Hi, 

I just passed my real estate exam and got my license. I would like my license to be active, but I want to do my own thing for the time being, and use the license to save on commission as well as receive access to the MLS. I have heard of brokerages that will let you hang your license there for a fee, does anyone know of one in the LA area? Also a quick google search brought me to this virtualrealtygroup, which claims to be a cloud brokerage where you can hang your license. If anyone has any experience or thoughts with this company or something similar advice would be greatly appreciated.

Hi, 

I am somewhat new to real estate investing.  My business partner and I are looking to get into flipping properties, however the area we both live in is too expensive for us to start out doing it locally.  We own a few rental properties, and have some good contacts in an area that I believe to be a good area to flip properties in, and much more within our price range.  What I'm wondering is, is this a bad idea to start out flipping long distance with relatively little experience but with a decent network.  And if it is not a bad idea, what specific tips or advice would you guys have for being successful in this venture.

Thanks,
Isaac

Awesome, appreciate the responses guys.  really appreciate the long response Brandon and look forward to reading through those posts shortly.  One more question I had for anyone with experience in flipping homes, is what is your guys' take on flipping long distance?  From the reading/asking questions I have done I have gotten very mixed responses ranging from "not a big deal" to "avoid at all costs."  I have some contacts in a place that is far away from where I am located with agents and contractors who worked on a couple rentals that I own in this place and I have had nothing but good experiences with both parties.  Also, this place is much cheaper than where I live and the surrounding areas.  Curious to thoughts on whether this can be pulled off successfully or I should just keep it simple and stick to my area.

Thanks again,

Isaac

Hi BiggerPockets, 

My name is Isaac Baron.  I am a "retired" professional poker player, I have been fortunate to do fairly well over the years in poker, but I have become disillusioned with playing the game for a living, and feel like it is time for a change. I am looking to get into real estate investing, specifically flips to start out with.  I have some capital that I am willing to use to invest and I have done somewhat of a deep dive over the past couple months into real estate, including working towards getting my license (exam in a couple weeks) and I feel that I have a much better grasp on how this business works than I did just a short while ago.  However, I still don't feel confident enough in my knowledge and experience to go out and start investing quite yet.  I am looking for any and all advice or tips that you fine people could share with me in order to get me over the hump and take the next step.  The main things that I am struggling with at the moment are finding deals and how to find good contractors without going through too much of my own trial and error and bad contractor experiences.  Also, I am located in the Los Angeles area if that matters.