All Forum Posts by: Nathan Anderson

@John Klaus

I realize there is risk associated with partnerships but also realize the potential benefits. Having a partner to collaborate with has help us produce a more decisive plan of action for 2014. Below are some of the reasoning

• My Mentor was flipping in the Bay Area about 3-4 years ago but found it cost prohibitive to accomplish goals and a establish repeatable model
• Arizona also has a better upside for cash flow, which comes in handy if for some reason you are unable to sell. Having more options is a good thing
• He and his partner has since set up shop in OH and have found the margins to be better and risk reduced and ability to turnover more houses a year
• Lots of additional contact in AZ included trusted Mortgage Broker, and Auction contact that we are in contact with as needed
• Main problem as mentioned in finding enough cash to invest in the Bay area
• Also I feel in the Bay Area you have to bank on appreciation rather than finding something that has a good cash flow of can be flipped for a profit.

Any other suggestions are welcome. Thank you for your response

@John Klaus

I realize there is risk associated with partnerships but also realize the potential benefits. Having a partner to collaborate with has help us produce a more decisive plan of action for 2014. Below are some of the reasoning

• My Mentor was flipping in the Bay Area about 3-4 years ago but found it cost prohibitive to accomplish goals and a establish repeatable model
• Arizona also has a better upside for cash flow, which comes in handy if for some reason you are unable to sell. Having more options is a good thing
• He and his partner has since set up shop in OH and have found the margins to be better and risk reduced and ability to turnover more houses a year
• Lots of additional contact in AZ included trusted Mortgage Broker, and Auction contact that we are in contact with as needed
• Main problem as mentioned in finding enough cash to invest in the Bay area
• Also I feel in the Bay Area you have to bank on appreciation rather than finding something that has a good cash flow of can be flipped for a profit.

Any other suggestions are welcome. Thank you for your response

@John Klaus

I realize there is risk associated with partnerships but also realize the potential benefits. Having a partner to collaborate with has help us produce a more decisive plan of action for 2014. Below are some of the reasoning

• My Mentor was flipping in the Bay Area about 3-4 years ago but found it cost prohibitive to accomplish goals and a establish repeatable model
• Arizona also has a better upside for cash flow, which comes in handy if for some reason you are unable to sell. Having more options is a good thing
• He and his partner has since set up shop in OH and have found the margins to be better and risk reduced and ability to turnover more houses a year
• Lots of additional contact in AZ included trusted Mortgage Broker, and Auction contact that we are in contact with as needed
• Main problem as mentioned in finding enough cash to invest in the Bay area
• Also I feel in the Bay Area you have to bank on appreciation rather than finding something that has a good cash flow of can be flipped for a profit.

Any other suggestions are welcome. Thank you for your response

@ Dan Clark

Thanks for the response. Looks like you have accomplished a lot over the years in Real Estate. Due to your Expertise investing mostly in Sacramento Area. What are your thoughts about a new investors in your area? How do they hurdle the cost associated in investing in this expensive market.

Due to what looks like a robust portfolio of Buy and Hold Property and Experience in Flipping where would you put your money in today's market?

@ John

I realize there is risk associated with partnerships but also realize the potential benefits. Having a partner to collaborate with has help us produce a more decisive plan of action for 2014. Below are some of the reasoning

• My Mentor was flipping in the Bay Area about 3-4 years ago but found it cost prohibitive to accomplish goals and a establish repeatable model
• Arizona also has a better upside for cash flow, which comes in handy if for some reason you are unable to sell. Having more options is a good thing
• He and his partner has since set up shop in OH and have found the margins to be better and risk reduced and ability to turnover more houses a year
• Lots of additional contact in AZ included trusted Mortgage Broker, and Auction contact that we are in contact with as needed
• Main problem as mentioned in finding enough cash to invest in the Bay area
• Also I feel in the Bay Area you have to bank on appreciation rather than finding something that has a good cash flow of can be flipped for a profit.

Any other suggestions are welcome. Thank you for your response

I'm am new to BP and from San Ramon, CA

Been looking onto Real Estate as long as I can remember. My Dad and Grandpa are mainly responsible for my interest. Both had different investment strategy that entailed a buy and hold model that proved very successful allowing time for family and early semi-retirement (as im sure everyone would agree a landlords job is never done).

While my objective is similar to that above, my path and goals are slightly different. I am still working on the investment model but believe I will start with a fix and flip model in the shorter term (2-4years) and diversify with a Buy & Hold of Multi-family and apartments further down the road.

My strategy so far:

• Fix and Flip in Mesa, AZ, due to the lack of fund to accomplish in Bay Area.
• Most of you are thinking crazy, but I have a partner in Arizona with a strong background in remodeling & construction management.
• Plan on using HELOC & borrowing against 401k for funding
• Goal is to complete 3-4 flips in 2014

I had a few questions:

1. Any suggestions with out of state partnerships?
2. Advice on my funding model from those that have use personal funds to get started?
3. Any additional advice for this newbie is welcome.

-Nathan