All Forum Posts by: Shelby Van Horn

I love conversations like these & anything that has to do with my "why".  I've been very broke to the point of near homelessness, and I've had a good chunk of change in the bank.  I know which one I like better, and that is my why.  I know I will never be happy working 40 hours a week behind a desk to propel someone else's dream while neglecting mine, and that is part of my why.  My boyfriend will be attending medical school soon, and I was to be able to help support his why so he can focus on that instead of how we will pay the bills.  The family I want to create is part of my why.  The people I want to help in life is part of my why.  Thank you for making this thread!!

I am looking for someone to partner with to help fund my first flip.  I am located in California but willing, and would rather, do a project out of state due to the price of property in California.  I am looking for someone with capital, or the ability to obtain financing.  I am coming in with a small amount of capital ($20k on hand, likely will not put every single penny into first flip).  I am open to all ideas, areas, etc.  Connect with me and let me know what you're thinking.

Hi Caleb,

I am also new to real estate and just a few weeks old here on BP, but so far it has been extremely helpful and welcoming.  I wish you the best in your ventures and hope to connect soon!

 Thank you, Joe!  I just messaged you and am excited to speak further.  Have a great afternoon.

 Hi Jo-Ann,

Thank you for your reply and input! I am in the process of finding an REI club. I'm very close to Tustin - maybe we can connect in the future.

Have a great day.

**This is my first post on the market place.  If I have posted in the wrong area or tagged incorrectly, please let me know and I will adjust.  Thank you!

Hello fellow BPers!

I am looking to do my first fix and flip project, and I am seeking a mutually beneficial partnership. I live in southern California, but am willing to do this in any area that makes sense. I am willing to travel for the right project.

I am a former paramedic and am making the transition into real estate investing in order to secure my future financially and create a better life in this exciting field. Getting my foot in the door has been rough due to financial constraints and credit history, although I am now in a place where I feel I can break into it if I think creatively. As such, I am looking to meet someone who may be interested in partnering with me.

My ideal situation would be to find an experienced, successful rehabber who would feel good about mentoring me to some degree (I don’t expect anyone to make teaching me their full time job, but I would love to learn from whoever I work with), in exchange for my having some skin in the game, endless hustle, a great work ethic, and the desire to do whatever it takes to get it done. I have a great attitude and am not looking to fully take the reins on my first project, but to be adaptable to what you think is best, based on your past experience. I’m aware that flipping a house is not what it appears on TV -- I have been studying the field, reading everything I can on BP, listening to all of the podcasts, reading books, and am trying to do this the right way as far as getting educated, without becoming stuck in an endless cycle of learning with no action.

According to the BP podcast, a successful project requires that you have two of the three things: knowledge, hustle, money. Though I am by no means an expert, I have been and continue to be gaining knowledge every day. I have endless hustle and will bring that to our project -- I am willing to put in sweat equity and do whatever is required to make this work. As far as money, I can contribute some skin in the game financially. I have recently received a settlement of $20k, and am willing to contribute as much of that which makes sense. Of course, this may not seem like a large amount of money to an experienced investor, but to a 26 year old paramedic, it is everything. I am willing to be flexible in a way that makes sense for both of us as far as what I contribute and what profit I make.

If you’ve made it this far, thank you. If this sounds like a situation that may work for you, I look forward to connecting with you and seeing what we can accomplish together.

Hello BP Friends,

I have a question for you and hope I put this in the correct forum.  I'm still very new here so if I posted this in the wrong place, please let me know!

I am new to the investing world and am looking for my way in to start.  My main aspiration is to flip homes, but I am considering getting into wholesaling in order to help with funding.  I have ethical reservations regarding wholesaling in the first place, but am leaning on the side of if I'm honest with the seller and have buyers lined up, I can make sense of it ethically.  I was under the impression that this was something I could do on my own.  I started looking for investing groups on Meet Up and found one here in Orange County, which turned out to be a meeting to recruit people to work for them (1099) to find wholesaling deals.  Essentially, I went to a three hour training and was then given a company email, a stack of forms with information, and basically told to go find deals.  The steps consisted of finding the deal, comping it, adding it to a spreadsheet, their "assistant" would send out offers, I would work the deal with a listing agent or the seller, and then the company would take care of the contracts, etc. and I would keep part of the assignment fee.  I asked many questions to try to find out what the catch is, if I need to have any money, if this is legal, etc. and everything seemed to pan out except for the following..  

Since this meeting, they have now announced that their "assistant" who sends out the offers is no longer there, and we would be trained on how to send out our own offers.  Also, when I brought the subject of being able to do this on my own vs. doing it for the company, they brought up earnest money and how in California, wholesalers *must* put down 5-30%.  (I thought this number was decided on between the parties).  The said the main advantage of working through their company is that they put up the earnest money, not me.

If this is all legit, I would rather start out with this company than trying to navigate this on my own.  Losing part of the profits seems like a small price to pay in order to make sure everything is done legally through a brokerage, limited personal liability, having someone who knows contracts, etc., but I just don't want to start out in this venture in something fishy, and was hoping people here would be able to give me some insight on if this is normal practice or if I should stay away.  Also, any clarification on the earnest money aspect would be helpful.  I'm willing to take the time to learn how to wholesale properly on my own, but 5-30% down for a wholesale deal in southern California is not feasible for me.

Sorry this is so long, but thank you in advance!

 Hi Jimmy!  Thank you for the welcome.  That is the part I am still trying to find out -- if you have any suggestions, I'd love to chat!  Have a happy Saturday.

 Hi Joe!  

Thank you for the welcome.  I signed up for a few of them yesterday and am excited to attend the events!  Thank you for the encouragement about being young in the field.  Enjoy the weekend!

 Thank you, George!