All Forum Posts by: Michael Stevens

I found a 2 bed 1 bath  800 sqft house that is in Glendale Ca it is worth 410k the buyer will take 300k but the house needs new everything if we tore it down and started over and made it into a 3/2 comps in the area are around 650k to 750k.  I want to try and do the deal but I have no idea as to how to get it started. I need financing help as well as any other kind of help.

Cornelius that would be fantastic, I would be interested in using hard money lenders. Can they be utilized for buying houses at auction? I am a complete newbie so I appreciate all the help I can get. 

What type of investing are you doing, how long have you been doing it and how is it working out for you? I apologize for all the questions I am eager to learn as much as possible so I can jump in and get started.

Thanks.

Michael

Thanks Anthony I appreciate it, do you service CA?

I have 50k I want to flip my first house in the Los Angeles area, but I need help from a private investor. I want to buy from an auction, but don't have the cash to do it. Any ideas are greatly welcome.

Paul, 

Thank you for the information, I already downloaded The Book on Flipping Houses I am about 1/3 the way through it. I will take your advice and look into the beginners guide as well as the podcast. I obviously have a lot to learn, I like your idea about rents by I thought you had to own a property to be able to rent it, see I have a lot to learn.

Thanks,

Michael

Good Morning BP Veterans, 

My name is Michael Stevens and I live and work in the Los Angeles area. I am currently working full time for a company in Pasadena, I also own a window covering company that makes enough to pay bills and royalty payments, but not much more. I am dedicated, hardworking and love a challenge. I just know that I can build a successful Business as a real estate investor. I am eager to learn all I can. I have two teenage daughters both straight A students, I need to start making real money to afford Stanford. I have my real estate license but have not used it in 10 years.

I am interested in rehabbing. I want to get to the point of flipping 4-5 houses a month. I plan on having a successful Real Estate Business with multiple income streams. I just need help getting started.  I have about 50,000 cash of my own money but I know I need more to get started. Unfortunately, my credit is not the best. I am open to any advice, I really want to get started but I am unsure as to the best place to start.