All Forum Posts by: Isaac Lipscomb

@Rachel H. Thanks for the tip. Definitely will do some research on the market to see how long homes sit. Factoring in the land lease to this for a few months is going to play a big factor in whether I buy or not. Much appreciated! 

@Jo-Ann Lapin I was just looking up hard money lenders this morning. Would love to connect to hear more about your requirements for lending & what rates you offer, your companies LTV, etc. Also, I have a few general questions for you. Maybe we can connect this week?

@Aaron K. thanks for the tip! Much appreciated. 

Hey everyone! Hope all is going well. I'm a newer investor and want to gain some experience in flipping properties in the Southern CA area, specifically Orange County & Long beach. Interested to hear some advice from anyone who's been successful in this area and maybe point me in the right direction to further educate myself. I have my RE license and I've had a number of clients interested in buying mobile homes if they want to own but are on a budget. 

Also interested if anyone has had success using a hard money lender to flip mobile homes around this area and if they were able to include construction costs in their loan amount? 

Thanks in advance!  

@Sharon Tseung I’m in Southern California so I feel your pain on the high prices. Best of luck!

Has anyone used the company Realeflow to generate leads? Curious on if their services are worth it. 

https://realeflow.com

Thanks! 

Isaac 

@Daniel Harbuz sounds good! I've been looking to make my way out there to do some research. PM'd you 

Hello fellow investors! I’m considering investing in OH. I have family there and a great connection with a construction company to do rehab/repair on properties. Anyone have experience investing in OH? Any areas people like looking at? Happy hunting!

I really appreciate all of the feedback on this post and I will move forward accordingly! I've taken steps to write down all of my expenses and cut where I can to start paying down debt. 

@Tim G. I listened to your podcast and was very impressed with what you've done in the San Diego market. I'd like to address something you mentioned in your previous response to me. I don't see real estate or wholesaling either as a way to get rich quick. I feel that there will be more rejection than success and I'm in this for the long run. I've also started looking into getting my real estate license so that I can have more solutions for people when I do come across deals. In the mean time, while I'm networking and saving. I would like to be able to shoot you a question every now and then if possible? Maybe get an idea of the SD area. 

@Walter Roby jr - Great advice. Definitely listening to podcasts everyday after work & whenever I'm in the car. From listening to podcasts and reading some material I've decided that when I do have the funds and credit necessary, I will buy a property with a 203k loan, fix it up, and use the equity to help fund buying other properties. 

@Jeric L. Thank you! I'm attending a REI group on Tuesday in Irvine and looking to network there.

thanks a lot for that info @Tim G.. I’ve definitely thought about getting my license and being a Liston agent. I like your idea of offering the client both options, wholesale and regular listing. 

@Joe Homs thank you for reaching out! I will connect with you soon. Maybe we can grab a coffee.

Dan, I appreciate your post and it helps with my decision of trying to figure out this method. I do understand people tend to get a bad name for not honoring their proposed sell by date, which is why I plan on networking at my local REI meeting and other forums first and then search for properties that they would like to buy. Most importantly (especially in the beginning) I will be very upfront with the potential sellers and let them know exactly what I’m doing by showing their house to other investors who may or may not buy the property. If they do not like the circumstances, it is completely okay for them to walk away and say no. Transparency is the key as far as I’m concerned. Thanks again.