All Forum Posts by: Simon Shih

An FHA 203(k) allows you to wrap your mortgage and renovation costs into one loan.

Are you using a HELOC on a property you already own for the down payment?
Water should be paid by the tenant.

Investors have spreadsheets uploaded to calculate ARV, flips, rehabs etc. Go to Tools>File Place and do a search. You should find something there.

Welcome @Jonathan Acosta-Torres. Thanks for your service. Good luck with your investing!

I am incredibly lucky with an amazingly supportive wife. But other than her and other real estate investors, everyone else is negative.

It takes no effort to have an opinion on something when you haven't tried to do it yourself. 

My father told me when I was growing up that I would never be successful without a college degree. I made 300K in 2015 with my career and I am a high school dropout. I take the negativity to use as fuel to prove to them that I can, in fact, do it and be successful at whatever I attempt.

Looks like a good plan. The important thing, which you have done here, is put together a list of clearly defined roles and responsibilities. That along with no overlap makes for a good start. 

To find mailing addresses, go to the county appraisal district website. You can find them there by property address or name. 

I don't know of any apps or websites that provide the owner's phone numbers.

Welcome to BP @Vincent Y.. Just some suggestions. Learn as much as you can about real estate investing. Make a plan for yourself on how you're going to execute becoming an investor and what aspects of real estate you're going to focus on. If you want to find people to partner with, you need to have something to offer. In a partnership, both people bring something to the table.

Good luck!

If you are buying from a wholesaler with hard money, then you will be a flipper You might rehab and hold, but the process is completely the same except in the end you will be hiding the property and refinancing it instead of selling it. 

My investing style is BRRRR. Buy, Rehab, Refinance, Rent and Repeat. I am about to close on my first deal and I use the 70% rule for the rehab portion. I try to stick to the 2% rule for rentals, but that is harder to do. I believe if I'm making a minimum of $150 profit per door, then I am doing okay.

As far as finding deals, I have had luck with mail marketing and also with driving for dollars. I have been bogging about my whole process from start so it might be helpful to read.

Good luck to you.

Let me know if I can help.

What's the question? Are you asking if this is a good idea?