All Forum Posts by: Rich M.

Im getting too many in my mailbox... Tried settings and nothing is saving

@Aaron K. DM sent

Ok guys, this month Im not in a position to write an offer for this house as my $ is stretched out till Feb...An agent of mine in LA found a nice 3B x2 bath SFH fixer in San Bernadino county and said the owner is willing to take 100k off listed price to sell asap. I looked at the property and its in a nice neighborhood, needs updating, but definitely a good flipper for the right person..

Im finding quite a few listings in CA with owners willing to deal under list.. Is there a way I can make money by searching out properties for others to flip?..  Im new to this, but good at hunting out bargains.. Im currently working to get my liquid up so I can play in this California market.

Respectfully,

Rich

@Wesley I. At this point, Im learning the options and collecting strategies so thank you for another tidbit of advice!

@Justin R. This advice makes total sense to me and is exactly where Im at right now.. On your check list, Im at number 1 and building my knowledge. I imagine that while building my knowledge of the options, I can build relationships, which leads to experience. The one thing I bring to the table is Im a fan of consistency and hard work. I plan on implementing each of these things in order, but will (for now) put that profit at the end of the list.

Im a big fan of the notion that if you invest time and effort in what you do, have the RIGHT relationships, make the right decisions and execute them with knowledge, then the profit will come. Thank you for taking the time to post!

All really great info! 

@Aaron K. I definitely meant a fluctuating income. Being shady in any aspect of my life simply doesn't happen. Ever. I hope it didn't come off like that? . Thank you for suggestion!

@Emily Di Im thinking OOS flips or rentals because Id really rather not take out $ on my home unless absolutely necessary.. Ill check out what you suggest, so I understand my options.. This is all new to me so any knowledge is good. Thank you!!

@Dan H.  Im looking to supplement my yearly income and add value to my family's future and After all the research Im doing I think that OOS rentals may be where Id like to start. Thank you!!

like I said, I'm new. I don't know much at the moment. Im just explaining my situation, not necessarily looking for the road map, but more for options and to better get to know the community, the lingo, the options so i can at least pretend to know what Im talking about when opportunities arise. Thank you guys for options- I appreciate the feedback!

Hi team. Im In San Diego, self employed for the past 15 years, have about 30k cash, have about 150k in equity in my residence and Im looking to prepare for my familys future... My greatest challenge right now, is my business is a cash business and my DTI has been maxed out for the last few years so I can't qualify (yet) for even a simple refi, even though realistically, I can afford it.

Ive been reading ALOT here on the forums and surprisingly found many of you that are or have been through the same scenario. Im interested in knowing what you would do this time around, in the current market given the same situation.. I have a few ideas but as I get older, I realize how much I don't know, so Im asking for some suggestions. My current business really slows down in the winter, so Ive been finding myself spending savings in Nov, Dec to make up for it and Im over it.. 2 steps forward 1 step back every year and its time to up my game, get uncomfortable and handle my BIZ..

Any words of wisdom or things you'd do differently this time around?

My goal is to flip some properties to get some $$ saved so I can eventually get a few rentals under my belt and have (semi) reliable income yearly. I'm a big fan of hard work and motivated as well

Thank you! Im looking forward to hearing some replies.

Thank you Captain!

I appreciate it..You may be hearing from me sooner than later

I appreciate that Ricardo :)

Thank you Kenneth!

awesome idea!