All Forum Posts by: Account Closed

Information overload is common. I love BP but you could easily get overwhelmed here :). Pick one niche of investing and get knowledgeable and get going! I focus solely on affordable homes in the $55,000 range, no rentals. Staying focused is very important I think esp for new investors. 

I want an agent who invests in the market constantly. If you don't, sorry I am not interested. 

I'm to your south but welcome! :)

We have a top notch crew that has worked for us for 10 years. That said, I did advertise on CL for laborers. After 500 bucks worth of tools disappeared, we decided that was not a good approach when we have more work than we can handle. 

Work with an experienced investor with a lot of connections in your area, that's probably your best bet. That's what I do in my city. Going through the regular channels to find good deals in going to be tough in a very hot market. 

hmmmm. I know my city fared fairly well in the last two down turns. That probably is due to several factors - prices here don't go too high in the highs, and then don't have as far to fall in the down turns. 

We always have a strong demand for affordable homes here, given our immigrant population. That's probably another reason.

Welcome! Are you wanting to get your hands dirty on your flips or just make money? 

borrow private funds and buy cheap houses :). That's what I do. I use my own cash mostly but sometimes I borrow 20 or 30k at 8-10% for 2 years to buy more 50-60k houses. That's as close to a mortgage as I will get in REI :)

we use Jeff Katz or kaatz in san antonio, 12% rate I believe. 

I'd care a lot more about how many investment deals an agent has done than any gibberish after his or her name. :)