All Forum Posts by: Jazmine S.

I have been running in circles for about a year now, working with different freelancers from Upwork, all who ultimately were unable to complete the project.

I am seeking an online scheduling/booking calendar, and have been offering $2,000 for it. When I ask companies, they quote $20,000 - $40,000. I am hoping to find an individual who would charge in between the two so if anyone knows someone that works independently who you have had success with, please do divulge!

I have been running in circles for about a year now, working with different freelancers from Upwork, all who ultimately were unable to complete the project.

I am seeking an online scheduling/booking calendar, and have been offering $2,000 for it. When I ask companies, they quote $20,000 - $40,000. I am hoping to find an individual who would charge in between the two so if anyone knows someone that works independently who you have had success with, please do divulge!

Hi Diane. I did! I am using Global Luxury Realty. Bill Gardner is the broker but anyone should be able to help you. Have fun in the real estate world! 

Greetings all,

I know someone that wants me to represent him on an acquisition in the 33316/33304 areas, and am looking for a local broker that would like me to hang my license with them. I am licensed only to save money on flipping houses, so if I have any questions throughout the process it would be great to have someone for that as well. :)

He is currently seeking a property within the $800-1M range and is ready to start placing offers. I still need to request POF but want to let him know what my terms are within my first response before getting into further details. Please send a direct message or comment below with what your split offer is, and whether or not I would need to belong to any Associations so I can look up their fees as well.

Thank you!

Partnerships, partnerships, partnerships! Plenty of people on BP, local REIA's, and Meetup that are actively investing in the area. If someone matches you you're already at 500k. If someone puts up more capital and you take less of a split, your parameter becomes limitless. If you feel that you can prove your value go out and start networking! :)

I agree with Seth completely. I'm not sure which REI avenue you are interested in, but as an example, spending funds on a proper flip will result in additional capital made that could be spent on debt paydown, while spending funds on debt paydown will not yield any return.

Just make sure that you both are EXTREMELY confident and well-versed in the avenue you choose, or build a partnership for your first venue, as a bad investment equates to even worse debt!

I am really liking the answers so far. Just ONE more note to consider... The last thing you want is to be reported for discrimination. Just make sure that if you pass on them, that your criteria stays the same with all future potential tenants.

Someone introduced me to Prep Agent (Youtube Channel) before I took my exam and I am SO glad she did. He really breaks down ideas in layman's terms, and covers as many concepts as he can. He also has a website that offers study options based on specific state law and I ended up purchasing the most affordable course. With a LOT of studying, I ended up being in the 30% of people in FL to pass their first time around. Of course, the more things you read, listen to, and watch from as many sources, the better chances of remembering and fully grasping the concepts.

Hi Ashley,

Welcome to the world of REI. :)

I will start with your original question, which is what I personally did to start out.

I had about 30k set aside, and used a Hard Money Lender. They funded 80% of the total purchase price of the property, however unlike most Hard Money Lenders, they did not assist with rehab costs relating to the project. For this, I went to an online peer-to-peer company (I don't think I'm able to credit them here, so message me if you'd like their info).

Now, I'll give you some additional ideas. :) If you can make a partnership, that by far is the BEST way to go. In my opinion you really need to do your research and prove to someone that you are truly driven and willing to put in 150% of the work just to get a percentage back. For me, partnerships came much easier after my first flip because that's how you really start meeting people who are involved in the industry, however Bigger Pockets has meetup groups all over the nation, as well as your local REIA (Real Estate Investors Association). Great way to start letting yourself be known.

The other avenue that comes to mind is the FHA route. It's NOT for house flipping, but if you are passionate about real estate and open to other methods, it's worth delving into. There are a large number of people who start out by purchasing a home via FHA at 3.5% down, and (due to legal requirements) live in the property for (I believe) at least 12 months. At that time, you can then rent it out, spruce it up and resell it, or otherwise take advantage of your investment as you please.

Hopefully this gets your wheels turning and you find the path that's best for you.

Hello Allison!

I never want to be a negative Nancy, but it does make me nervous if you're planning on doing a flip or some other short-term type of investing if the capital is not available to have a contract drafted. The only reason I say this is because even if you base your profit based on the MOST conservative numbers, there are always some sort of unexpected incidents that will arise throughout the process, and there needs to be some sort of reserve capital set aside for that. You can typically have a contract drafted for $300 or less by a lawyer.

Depending on what type of contract you're looking for, here are some potential sources:

Independent Contractor Agreement - There are a good amount online that are editable. A couple that come to my mind are nolo.com and rocketlawyer.com, however I ended up liking one from a one-off website better (unfortunately I cannot recall the source anymore). Always a good idea to at least have a lawyer go over it to ensure you're covering all your bases.

Purchase and Sale Agreement - This would come from the real estate broker you are dealing with.

Lien Waiver - I cannot speak for CA, but I know that in FL there are very specific wordings (only about two sentences) that are provided by the Florida Statues that everyone can use for simplicity.

There are many different types of contracts involved but these are the first three that came to my mind. Hope it helped and best of luck with everything!