All Forum Posts by: Jim Couch

There is no money at this point for conventional financing. We think that this market is good for rentals just not stable enough to invest in a flip. I believe that the area will require holding on to a piece of property longer than i would like in order to sell. I want to flip more than deal with rentals at this point. So would it possible to do flips in another market than which you live in or is this a bad idea?
I have looked into financing options but have not gone forward with anything yet until i have a direction.

My wife and I are new to real estate and BP. We have been reading up on the material provided on this site ONLY. I say only because i do not want you to think that we have been sucked in by "Infomercial scam". We are in need of help from the members here at BP. There are questions that i would like some feed back on if someone has time to really help. 

1. in which order do we begin?  setup business; locate property; financing ? 

2. what area should we focus on as beginners? (rental;flip;wholesaling) 

3. Will our availability to credit and financing be a factor in our direction. 

4. Will our location be a factor in our direction? (small rural town north Texas panhandle)

we have seen it written too many times to  "just do it" but at the risk of coming across too green, we have no starting point. I listed only four things above but am i missing the obvious? I feel like i'm more green than i realize and may come across clueless. I am okay with that because i will learn something in return. We have located a few properties in our small town that could be worth looking into further but we really don't know what we even are looking at. In our minds we see the potential but is it realistic? Are we looking at properties and wasting our time because we are going about this in the wrong order? It just boils down to the fact that we are in need of some guidance and coaching.  

Thank you all in advance for your help and guidance. 

Ve(r)y good webinar! My wife and I loved it and look forward to seeing more of them. 

@Dmitriy Fomichenko Thank you for taking time out of your day to help us. We will make those connections as you suggested. we love the support that this site seems to offer everyone, even if your new and clueless. We hope to make the connections that will give us the basics to get out there and just do it. We are committed to being our own bosses and making this work. 

@Blake C. , thanks for taking the time to touch base. My wife and I were thinking that maybe this rural area may have some potential to help us start. We need as much guidance as we can get. We are really anxious to start looking for a property to buy.  Again, thank you! This seems very overwhelming but we are trying to take it a step at a time.

Hi,

We are Jim and Julie from Stratford, Tx (small tx panhandle town) 90 miles north of Amarillo. This area is a very rural area but has close access to Co,Ks, Ok and NM.  We are new to real estate and are committed to building a business in real estate. We have 4 girls still at home and several that are grown and on their own. 

We are looking to make a change in our career direction that is more in our control and less about a pay check. We have no set "niche" as of yet, still reading and gaining knowledge in all the areas but anxious to get started. 

I currently have been working in the refining industry for 10 years and neither my wife or I have any formal education in real estate. 

We obviously are in need of advise in all areas and will welcome it all. 

Thank you,

Jim and Julie