All Forum Posts by: Landon Dolezal

Thank you both, I realized I didn't ask my question right and what I meant to get at is: I want to be a buy and hold investor but would there be any reason for me to flip instead of rent out? I think @Joe Bertolino might have answered it. Highest and best use. I just know there's a couple of very distressed houses in my area and I didn't know if I should go about flipping them or buy and hold. Thank you both so much for the feedback, very helpful :)

So I've been interested in doing some flips in my area. (Been doing some "driving for dollars") but as I've been listening to the podcasts I just wondered why would someone flip when they can keep and refi later on and still get their cash back. Am I missing some finer points here? I appreciate all the feedback. :)

Weall congrats on saving up that cash. I did the same and life threw some curve balls and now I'm trying to come back. First I would try and getting a credit card, I myself have a line of credit, credit card, and a car payment. I'm 20 and my credit great now. I don't know what your market is in your area, but if you could go up to a four plex because you can them still apply for an FHA loan. In my area I have to get a duplex or else try and get a private investor involved to buy anything bigger. To go along with my last statement unless you have a great job your going to either need more cash or a private investor. Because again depending on the shape of the duplex, you will need a reserve for maintenance. In terms of flipping unless you have a lot of construction skills, Or a good enough deal, or comfortable with hard/private lender I'd probably avoid it. Again this is all going to depend on your market your working in.

Thank you everyone for all your replies,the only reason I haven't talked to him already is that he's a busy guy and already has people finding deals for him and doesn't usually have time to talk. But all this is great information, I appreciate it! 

Hey BP so I'm trying to create a good deal for a contractor who builds new construction SFH. I'm only 20 so I'm trying to show that I can bring him good deals and know how to put my numbers together. But I've never looked into new construction niche. So my question is what all do I need to take into account when showing him the deal and then how does referral fees work like that. do I just ask for a small percentage of his project? He's a neighbor to friends house and I've worked with a couple times so I know him quite well and don't want to come off rude. Thanks everybody and appreciate your feedback.

Hey pierce county BP guys!! My names Landon I'm thinking about investing in the downtown puyallup area, it's my hometown market so I know my area a little better, but I hope in time I'll be able to create a credible rapport and start partnering with some of the bigger multi family in my area. 

This is for a flip sorry

hey so i want to call a HML that's listed here on BP but I want to make sure I know everything they're going to want to know for a deal. I know most only lend 70% LTV. So is it all about the comps, and how much you can negotiate the purchase price too? So that they know they get their money back regardless.

As a leasing agent with a strict criteria for screening. i would say that shes probably a great applicant. We just ask that they provide documentation from them that they do in fact receive that amount for each kid. Not many of our applicants are playing the landlord game though. haha

 This is my exact statement haha.