All Forum Posts by: Samuel Coronado

I worked for a Healthcare IT company for years - habing a high-paying W-2 while my husband and I aquired, flipped, BRRRR'd houses was key! I was able to save, fund, refinance. Quitting your job to pursue fulltime isn't a great idea in my opinion, until you have a safety net!

@Samuel Coronado

Nate left quest a few years ago

Make as much money with your W2 as you can. And keep it as long as possible. You have to play offense (invest) and defense (make money to invest) at the same time. 

I used to work for a global construction equipment manufacturer, travelling internationally 20 weeks a year, so it was not always easy to be an investor, running 2 or 3 rehabs at the same time and lease out units that were ready. But having a W2 income made it possible to get the funding I needed and acquire a lot more RE a lot faster than I could have otherwise. 

I finally quit when my company restructured and wanted me to move to China. That was a clear heck, no! If you quit your W2 your RE growth slows to a creeping pace or stalls completely.

Quote from @Marie L Reilly:

I have been in touch with them and they seem to have a good program. The 10K price though seems excessive. It is 3K for the 15 hour training. Thats also pretty high.. Has anyone taken that course or joined their action family? I am willing to invest in education if I can get a good ROI on it. Any others out that that I should know about? I just signed up for the Bigger Pockets Multi-family bootcamp. Much more affordable!

If that is high to you, you may not be ready to invest in real estate. A property that you buy for investing needs 20% down so a $300,000 house requires $60,000 down plus closing costs plus any rehab plus carrying costs. Meet with someone who understands the cost of purchase and ownership. We have a program for half of that and  that lasts for a month. You get all of your questions answered and are trained on the basics. You should have pretty good idea of how to go forward after a month's "one on one" training. 

Hello everyone, when finding a deal you want to use financing for (either private or conventional), should you have a deal in place first, or should you have the financing in order first? And why?

Thank you for your help

I was a Sales Support Rep for a health insurance company when I closed on my first house. Needless to say insurance was not for me, and I pursued a career in real estate!

@Samuel Coronado I work 3rd shift and have for the past 15 years as an overnight awake counselor for a group home with about 8 clients. The first home I worked at for 4 years there were 20 clients and I worked by myself then the second place there were between 3-8 depending on which house I was at and now I’ve got 8.

I have a few chores and I occasionally give a little medication but usually I have about 8 of my 10 hours to myself to do whatever I want on my shift. It’s been great for my real estate.

I’m getting ready in the next 3 weeks to go full time to real estate. Yay!