All Forum Posts by: Jordan Pothier

Hey everybody, has anybody used the online software for flipping called flipster? I am signed up on Grant Cardone’s email newsletters and it just seems too good to be true for $97

@James Galla that is really a lot of great information! I am not sure really what questions to ask and what numbers to provide initially in this thread, I am a newbie and still learning. As far as 1 & 2 go my wife is pregnant and we have almost 3 children and I am not wanting to put that type of stress on my wife with a move. We are planning to be here at least 10-15 more years unless we are able to create different plans for our future or our market just makes it a no brainer to sell. We have pretty much done almost all thats necessary for rehabs so 1&2 are definitely options down the line. Thank you for all these suggestions!

@Ryan Blake I appreciate your input as well! I am a small business owner my wife is a medical esthetician and we are not too sure what would be a smart move on a hard money lender as far as percentages go. Do either of you mind if I pm you with other information to explore options, as I am sure other questions will come up. Thanks again, you guys for the information!

Hey again, I am a homeowner and have been for the last almost 3 years. I was wondering if there was anything I can do, or if this is a smart move, with borrowing from/against my house? I do have equity built up and a decent down payment at purchase but do not want to start pulling from my savings for a flip or rental, I would like to get started with either one of these strategies as I do not have any rentals or flips under my belt yet. Has anybody had any experience in this if so do you mind unpacking what you did? Is this a smart way to get started?

Hey everybody, I am not even sure if this is the right question that ask, being a newbie, but I was listening to one of the podcast and they mentioned portfolio lenders. I would not even know how to start a conversation or find a portfolio lender as I am not sure what most credit j ions, smaller or traditional banks would consider for a loan. *STUPID QUESTION COMING* Do I need properties to get a portfolio loan? And can someone better explain some of the basics about portfolio loans? Thanks in advance!

@Caleb Heimsoth what do you mean super detailed long term plans? Thanks for the input btw

 Hi Darren, thanks for the tip! I currently live in Georgia and I’m not sure if something that far away will be the best purchase. Although that is in my scope to do long distance rentals as a strategy I need to get into my first property somewhere local. Thank you for give me the heads up on the market though I will definitely Look into it!

@Nathan Brooks will do thanks!

@Joe Villeneuve thank you for the tips this is extremely helpful!

@Nathan Brooks wow that’s super inspiring thanks for the recommendations! I think it’s awesome that you flipped 120 homes a year, I am encouraged thanks for sharing! I am out in Kansas City (MO side) all the time I would love to buy you a coffee sometime when I am out there if you ever have some time

@Kim Stofan that’s really helpful, I am south of Atlanta and I own a house right now (not sure if that matters in this conversation) but my wife and I have our third child on the way and not sure how to house hack given this situation. I do agree putting that down on a single family would be great but would you recommend buying putting a tenant in it and refinancing to purchase another one?