Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jonathan Olivares

Jonathan Olivares has started 11 posts and replied 21 times.

@Account Closed In the house flipping process, is it possible to be wholesaling a lot of deals along the way? Do any of you wholesale and fix and flip homes? So when you receive leads, pick which one is good to wholesale, and cherry pick the good fix and flips.

I was wondering why do I see some investors flipping 2-3 houses per year. While there are other investors flipping 15-30 per year? My take was that people flipping only a few houses  a year, were investing their own money to buy the fix and flip property. So their money is tied up in the the property, now they have to wait to complete the fix and flip to get their money back to capitalize on another potential fix and flip property. While on the other hand the investors who are flipping 15-30 houses per year are not using their own money, they are using or raising private capital, using hard money lenders etc. so they can execute as many deals, as their ability to find capital, and deals.

Post: How many house flip can be completed in one year?

Jonathan OlivaresPosted
  • Miami , Florida
  • Posts 21
  • Votes 2

@Alan Brown wow. Thanks for the advice and valuable information. Im studying and working on establishing the business. I'm reading effective marketing books to create and gain traction on my lead gen (which is the holy grail of flipping, and wholesaling homes). Now my initial challenge is getting out of that education phase and start taking action. I feel like I get stuck, or can't get started, because I have that feeling of doubt that I need to know LITERALLY everything before I start or it will cost me big time.     But other than that I'm reading on BP every day. I have a job, so with my paycheck's I'm buying every real estate book. I'm trying to soak up as much knowledge as possible.

Post: How many house flip can be completed in one year?

Jonathan OlivaresPosted
  • Miami , Florida
  • Posts 21
  • Votes 2

@Joshua D. well I'm really considering multifamily because it's a great way to create wealth. It's a very lucrative business. I've been really studying the multifamily game for a while now. But like anything to get started I need a chunk of cash. So that why I'm looking into flipping houses to get that chunk of cash I need to get started.

Post: How many house flip can be completed in one year?

Jonathan OlivaresPosted
  • Miami , Florida
  • Posts 21
  • Votes 2

From what I've heard I see flippers profiting nearly 400k a year on all their flips executed during that year. (Assuming these are really advanced people)

Post: How many house flip can be completed in one year?

Jonathan OlivaresPosted
  • Miami , Florida
  • Posts 21
  • Votes 2

@Bob Okenwa yeah you're right. My mission right now is as you said learn as much as possible, and find an individual who is are already in the game and pick their brains. 

@Joshua D. wow. Your a huge confidence booster! I'm trying to take this as a full blown business approach. And I'm trying to stash almost all profits away, in order to get to the amount I'm seeking to get into multifamily investing. With  a good effective business model, generating good lead gen, do you think it's possible to stash away 300-400k in 2-3 years by saving all profits?

Post: How many house flip can be completed in one year?

Jonathan OlivaresPosted
  • Miami , Florida
  • Posts 21
  • Votes 2

@Bob Okenwa great. I just get frozen. Because I've heard of the dangers of flipping houses. And I feel like sellers, lenders, agents etc won't take me serious, because I'm only 18 years old. So through the program what I was really seeking for was a mentor. But most programs are REALLY expensive. So I was going to save money to afford the program, but I don't want to spend my hard earned money on a program or mentorship that's not worth the amount their asking.

Post: How many house flip can be completed in one year?

Jonathan OlivaresPosted
  • Miami , Florida
  • Posts 21
  • Votes 2

@Joshua D. great. And out of that 40k you split it with your team and you discount expenses right?

@bob 

@Bob Okenwa makes sense. I'm thinking on investing some of my money on a real estate program, to gain ground on my knowledge.

Post: How many house flip can be completed in one year?

Jonathan OlivaresPosted
  • Miami , Florida
  • Posts 21
  • Votes 2

yea I'm really trying to raise capital buy flipping homes (about 400k) to get started in buying my first apartment deal. 

Post: How many house flip can be completed in one year?

Jonathan OlivaresPosted
  • Miami , Florida
  • Posts 21
  • Votes 2

40k on each flip? Or 40k all together?