All Forum Posts by: Keith Pinster

This should be a quick and easy question.  Once I get a contract for a property signed, is there any terminology I need to know when I take it to a title company to get it recorded?  Or do I just walk in and say "I want to get a RE purchase contract recorded with escrow funds"?  Is that really all there is to it?

Hey, Dario, can you give us an update?  Did you sign on to Phil's course or decide to go it alone?  If you signed on, how is it working out for you?

What Phil teaches is that *UNLESS YOU ARE A CONTRACTOR/INVESTOR* it is unlikely that you will be able to make any more doing the rehab yourself than you would just passing it on to one of them.  It's all about experience and resources.  If you are a contractor, already have a crew to work with, already have sub-contractor relationships, already have the ability to get materials at deep discounts, it is a more efficient use of your time to go after face-lift properties than to try to work on full-blown rehabs.  

I have a pretty small tile job that I need to find a good tile contractor to do.  Does anyone know of a reasonably priced, good tile installer in the Beaverton / Aloha / Hillsboro area?

Hi Randy.  I'm also a new investor in Beaverton and I understand your concern.  Jumping into a $300,000 market is definitely scary.  I was wondering if you'd be interested in possibly sharing a deal, which would cut risk for both of us in half?  I've got a good 6-figure job and pretty good credit.  If this interests you, I'd love to meet up and discuss possibilities.

I'm in the middle of a live-in rehab myself. I don't have a lot of extra money, so I'm planning on this being at least a 2 year project. I'm going to add about 400 sq ft to the back of the house as soon as I can afford it. I'm hoping that I can make enough from this to actually be able to do the next one all within a year and make even more money coming out of it. I'm planning on doing as many 1 year turn around live-in rehabs as I can because you can really make a lot of money on those, as long as the market doesn't crash, and because I can use my VA benefits with them (it's nice not having to put any money down), but as soon as I am able to pull money out of my mortgage, I want to start doing flips as well.

I've been trying to get started with REI for several years, but my biggest struggle has always been trying to find funds. My wife's and my families are all extremely poor (we are, by far, the "richest" people in either family by orders of magnitude, which is very sad) and I'm quite the introvert, so that makes finding money very, very difficult. We were also hit very hard by the recession (I was out of work for almost a year), so having a bankruptcy on my credit report doesn't help much, either.

But I have found some interesting ideas on this site (I just found it a couple of days ago) and hope that it will help me turn this whole thing around.

Kudos on your rehab (from the pics it loos like you did a great job).  Onward and upward!!!  :-)