All Forum Posts by: Jerry Padilla

hi Sheri,

You should be able to write your own offer on the property. Maybe the attorney could give you a preprinted contract where you just fill in the blanks. People negotiate directly with sellers all the time. That is how most people purchase wholesale property.

Hi Sven,

I can assist you with figuring out the costs to purchase and hold the property. I would need more details from you though.

good luck Alex! You seem to be doing some well needed due diligence with researching and trying find properties that make sense.

Hi Martin,

Welcome to bigger pockets. There is a lot to learn on this website! I am glad to see your first purchase was a huge success!

Kelly,

There is a wealth of knowledge on this website and it is the best place to meet like - minded people and get started out with your new investing career! Ask questions - you will get answers. Good luck!

Welcome Anthony,

Just a question if you are out of town for work often, have you thought about how you will oversee the flip if you are out of town? I would make sure you find a good contractor that you can trust to oversee the project as with flips, not everything always goes as planned. When there is a will, there is a way though. It just may be a little more difficult to flip from afar as you don't want the project to be on hold when you are out of town as everyday counts when profiting from a flip. Have you thought about starting out with buy and hold that is still livable that you can rent out and slowly remodel and sell a little while down the road - (a year making it a long term investment and when sold you will most likely pay less in income taxes), while you can oversee all the projects. Just an idea.....

Matt,

It seems like you are ready to jump in and let the experience begin! Good luck. Have you thought about starting out purchasing a multi-family primary residence?

Hi Ryan,

Welcome! This is a great place to learn about investment properties! Take in everything you can as there is so much to learn. Have you thought about which route you are going to take? Buy and Hold, Fix and Flip? Have you thought about getting into a multi-family primary residence to start out? Starting out this way is the least amount of out of pocket expenses. and gives you a real hands on experience.

Welcome to Bigger Pockets Eric! This is a great place to learn about investing in real estate. So are you thinking of becoming a real estate attorney also? What are your goals Flip and Fix or Buy and Hold?

Hi Wyteria,

Fix and flip can be a quicker way to get out of debt. It doesn't come without risk though. Make sure you use an agent that is experienced with fix and flips and investor deals. Good luck