All Forum Posts by: Joshua Gutierrez

Hello BP,

I feel like I am in an outstanding position to make my money work through real estate investing and at the same time feel so stuck deciding on which strategy would be a good fit for me. Let me break down my current situation a bit:

- I’m 39

- Marine combat veteran

- Retired law enforcement offficer

- $8,500 a month tax free from military compensation and law enforcement retirement combined.

- $300k cash to start investing with

- Make extra cash from teaching online at a university and retail real estate since last September (not excited about it though. Retail side stresses me out)

My goal is cash flow. I'm drawn to David's BRRRR strategy and his book on long distance real estate investing. I also make some money by passively investing with a good friend of mine who is doing trustee sales her in California. Basically, I cut a cashiers check, he uses it to purchase a trustee sale, and I get back 1% of the purchase price within 2-3 weeks. It's a cool little strategy to make an extra few grand a month. He also gives me the option to keep the property and partner up on the flip side or whatever strategy we decide fits best with the property.

I've surrounded myself with good friends that I have known since high school that are doing really well investing here in Ca, however, neither of them like the idea of investing out of state and say it's too risky for them. Additionally, the BRRRR method is difficult here in Ca unless you have lots of money already. And I say that mostly from other people saying it, not from me researching where it may be a possibility here in Ca.

I’m writing this because I’m pretty confident there are many experienced investors here that would know exactly how to best leverage the money I have to begin with and I’m hoping to hear from you. I’d like to get to 50k cash flow by the time I’m 50 years old. I’m counting the $8,500 I already get.

If you would like to know more about me and my personality feel free to visit my IG page @josh_g____ (4 underscores after the “g”)

Can’t wait to hear from you all! What do you all think!?

@Jay Hinrichs Hi Jay, it hurt a bit to see you say BRRRR from out of state is the most high risk you can do, however, I'm glad to hear it. I've been reading David's BRRRR book along with the long distance real estate investing book. He makes it seem simple. However, some good friends of mine who are successful investors here in California refuse to try out of state and also say it's too risky, in their opinion. But when I'm reading David's books I think maybe they just haven't done much research for out of state investing. I am in a similar place as Samantha where I have a solid chunk of change to begin with, however, deciding on a strategy has been quite time consuming.

Hi Erik,

We are long time high school friends since 1995. I recently retired medically from law enforcement and have been interested in RE investing for too long without taking action. I was fortunate to have a good friend doing it and willing to help. Let’s connect. 

Thank you Quito. That’s exactly how I see it. I love Washington by the way. I was stationed on NSB Bangor in Silversale for a couple years. Thanks again.

Thank you Rachel! I appreciate that.

Hi Vincent,

My family and I recently moved out to Costa Mesa, however, we lived in the Inland Empire for approximately 15 years before moving out here. Since we are familiar with the area we will be doing deals there in cities such as Fontana, Rialto, Ontario, Colton, Riverside, etc.

Thank you Costin. I absolutely will!! Much appreciated. 

Awesome Mathew!! That’s what I’m talking about. I didn’t think of mentioning splitting losses also. Thanks man!!

Hey JD,

I appreciate your input. Thank you. I should of made myself more clear. I will be project managing, but under him. He isn’t gonna let me go it alone until we get a few under our belt and I feel comfortable enough to take care of it myself and eventually get my own system going where I replace myself with another PM. He has plenty of money and doesn’t need me at all.  I guess I just wanted to hear of anyone that has been in a similar situation and how they went about it. 

The following is what leads me to believe he is a successful investor:

-Flipped over 200 properties

-150 doors (rentals) here in Ca

-Over 15 million in appreciating assets

-5 million debt fund

-5 million equity fund

-13 full time staff memebers in his flipping business

-18 years strong 

Thanks again JD, I really do appreciate your input.