All Forum Posts by: Joseph Tipa

I'm an investor who invest in Jacksonville and will soon be investing here in Orlando. I started investing at your age and had absolutely no help but that didn't stop me. If this is something that you really want to do, the very most important thing is being commented 100%. Many people say they want to start investing but give up because of excuses! DONT be like them and chase your dreams, turn them into reality period!

You have come to the best website on the planet for information! All of your questions can be found or answered here.

If you have any questions for me inbox me. I wouldn't mind sharing my knowledge with you or any new investor.

Thanks

Joe

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BTW thank you all! for taking the time out to answer my questions and giving me advice :)

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Originally posted by @Jon Klaus:

Divide a single lot into two lots. Sometimes it's "easy". Other times it takes over a year and is expensive.

So once I have brought a lot and I go through all the requirements to divide it. What are the steps from this point? I know I'm not gonna get all the info from BP and the best training is "HANDS ON" working with a big developer as Jay mentioned. I'm currently in the military so its hard for me to that. I'm getting out soon so I'm gathering all the information I can to begin a new journey.

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Originally posted by @Jay Hinrichs:

@Joseph Tipa developing is an extremely capital intensive business.. you may start with a simple lot split .

however if this is your dream I would go get a job with a big developer.. and learn the industry.. your not going to garner enough info off line or on BP to really do this.

Each jurisdiction is VERY unique... so as we talk in generalites in BP ... it in many instances won't have any bearing on your area.

Thanks for your advice. When you say "start with a simple split" what exactly does this mean?

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This is a such a great post! I'm completely new to developing, I never developed any kind of real estate. I really want to do this! I like watching raw land getting turned into houses or apartments. So I have decided that I'm done watching and that I want to become a developer. I know it's not easy but I this is my ultimate dream and I don't want it to be just a dream, I want to turn it into a reality. How do I start? Do I find land, an architect, contractors and then we get to work? I have no idea. So any information will be greatly appreciated @Jay Hinrichs @Chris Adams @David Krulac

Thanks

Joe

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Originally posted by @Account Closed:

Here are the methods I would suggest you use before you pay someone a fee to get you credit cards.

1) Your own cash.

2) Personal line of credit. (HELOC)

3) Owner financing if you can get a good deal.

4) Conforming loans.

5) Non conforming loans from local banks. (mortgages the bank will keep in house.)

6) Business line of credit.

7) Hard Money lender.

I personally would ask friends and relatives but you said you are not surrounded but like minded people.

I'm not but I will reach out to others, Thanks for the advice

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Originally posted by @Nolan Merrill:

Have a you been to a local REI meet up in your area? Since you've had success, share that and other people may want to get involved. Perhaps you could meet and network with some potential private lenders or partners for reasonable cost and better access to capital.
Wish you the best with your goal..you'll get it!

I have not, but I will definitely look more into it!

Thanks

Joe

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Originally posted by @Account Closed:

cash, heloc, friends,, shop around for direct hard money lender, 2-4 points 8-12%

Okay thanks :)

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Thank you Jerry for the information and support!

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Hey Robert sounds like the 90 day rule FHA has which sucks! I wait on the 91 day to list it and it works out great.

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All Forum Posts by: Joseph Tipa

Joseph Tipa has started 5 posts and replied 24 times.

Post: Looking for Investors in Fl

Post: New Subdivision Development

Post: New Subdivision Development

Post: New Subdivision Development

Post: New Subdivision Development

Post: How to buy houses cash

Post: How to buy houses cash

Post: How to buy houses cash

Post: Joe the Navy Guy

Post: Anti-flip law experiences