All Forum Posts by: Jose Varnadoe

Thank you so much for your advice I didn’t know it was so much, I’ll definitely take your advice to heart. It’s worth it though at some point I spent 4500 to get my cdl and I’m using that w2 job to build up my capital up. Being as the hours are long and such it doesn’t take long to build up. I definitely don’t wanna wake up at 2:30am everyday for the rest of my life and that’s a really big motivation for me to make sure I do all my research and learn as much as I can to make sure I am successful in real estate.

Sorry if my response seems a little rushed I’m at my w2 job but I’m using this to build my capital and I plan on finding some kind of side hustle to help that process along 

Well there’s more reasons for the real estate license such as being able to list my own property, being able to contact the buyers agents and things like that. But realistically I’m thinking 6 months before I buy my first property and maybe 4 to 5 months for rehab and sell. I’m also thinking that when it comes to rehab and unexpected cost to just expect the unexpected and try to be as prepared as possible. I also don’t want to buy something that is going to need a crazy amount of work for my first flip. If I can find something that just needs basic cosmetic work. 

So I am looking into investing, I've been doing all kinds of research and have came to the conclusion that I am going to save up some capital and then find a hard money lender. If I knew a private lender I would go that route, but my basic plan is to get a loan do my fix and flip then take the profits and re invest them and at some point once I've made enough I can buy my first rental property and use that as passive income while I continue to flip. I am also going to acquire my real estate license so I can have access the the MLS. Any thoughts on my BASIC plan?