All Forum Posts by: Joel Parrilla

@Tyler Caglia wow, Congratulations on your journey so far. You are an inspiration, thank you for sharing and pointing out the steps you took.

@Brandon Cooper thanks for the advice, is what I've seen, it seems all the good ones are not there, or do get snatched pretty quickly. I believe it is true that FSBOs are the best way, I'll concentrate on that but will still keep an eye for any good ones that get listed.

Hello @Brenden Mitchum, thanks for pointing out that guide. I'll be reading it tonight and I'll start putting it to use tomorrow. Thanks for the offer, we'll keep in touch.

Hello BP, I'm a new investor in the Orlando, FL area. Looking to partner with other investors who may not have the time to go out there and do the leg work for their investments. I'm willing and able to travel up to an hour away from here if needed.

As a new investor I don't have any experience but I'm familiar with REI, I've done a lot of reading and have immersed myself in real estate. Looking to do some deals here in Florida with someone who is more experienced than myself. I'll bring the hustle, you bring the experience, the capital is the easy part if we find a good enough deal, unless you can bring that also. I'm willing to take a lower split of the profit if it makes this more appealingto you, we can reach a win/win agreement.

I have zero problem working my butt off and like I said, I have plenty of time to invest. Please feel free to reach out to me, with offers or even advice.

Looking forward to a successful partnership, and may you have a very successful 2020.

Hello BP, I'm starting this journey and I've been going up and down and all around trying to figure out the best way for this. I believe FSBOs are great for better deals when the transaction is direct between seller and buyer. Then there are wholesale, it is already a deal but only if the wholesaler is experienced and truly putting out a great deal and not what is left over. And the MLS, most of the time I hear no on the MLS, good for buy and hold but not flips. I've read and seen a lot of support for finding deals on listing sites like realtor.com and zillow and such, my experience here is always with an agent attached. And then there are comps, all those sites offer their estimates which I think are way off, sometimes they seem decent.

The question is to those of you experienced flippers and buy and hold guys. How did you acquire your first property and do you still use that same method today? And what about comps, how did you acquire those and do you still use that same method today? How was it different when you first started?

Thank you in advance

@Jason D. Thanks for the advice on this, I can see the downside to not having a 9 to 5. I will consider it, I can start a "job" quickly if I really need to. I know there is a considerable chunk on income tax when flipping and personally in the beginning is ok, we all pay something to get into this life changing path. Again thank you for the advice, I'm always open to others advice.

@Chris Mason thank you for your advice. As I've heard Brandon Turner mention often time, is all about laser focus, know what you want to do and stick to the plan. I won't be all over the place in what I do, I'll master an niche and then add another. Thanks again for your input.

Hello BP, I've recently quit my high paying job to pursue REI full time. I've read a lot of blogs and strategies to follow and I've reached a conclusion on flipping and BRRRR as a good combination for building wealth in real estate. My wife and I have savings which we are using to sustain us until this new path picks up, we are fully committed to following this path for success. My question is, should we focus on flips year one and start BRRRR on year two? I believe that is the best idea because we can get "immediate" cash when we close on the flips (for income and saving to invest back in), as oppose to gradually building cash flow on the BRRRR. Or can you also get "immediate" cash at closing doing BRRRR?

P.S. I spent an average of 30 mins a day with my wife and kids, after 18 years of it increasingly getting worse, we decided it was enough. It was time to pursue REI for my health and the well being of my family.

Thanks in advance 

Thanks Tyler, really looking forward to connecting with others in my area. 

Thanks James.