Serge Kropov

50 influence

San Diego, California

in afghanistan.... (over 2 years ago)

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IM:
Profiles:

I am brand new to Real Estate investing world... I have had some limited experience ( about 1 year) with the stock market and that is all. I am currently active duty Marine Corps and have under 2 years left on my contract. My goal is to set myself up financially upon getting out of the military and to conitinue to gain wealth as I age... Very broad, I know... but its my start. Currently I am browsin the San Diego market looking for a forclosure fixer upper property that I will finance through a 203K loan, I may do this on my own or with a good friend of mine who is my investment partner to be. All questions, comments, and especially advice is greatly appreciated !

Experience

NONE.... I own a timeshare ( more like a point share) through RCI.... Basically I wasted my money... btw, does anyone have any ideas or suggestions for it? Or possibly want to purchase it? Thanks in advance!

Real Estate Goals

First and foremost: Buy a foreclosure fixer upper in San Diego ( my current duty station with the Marines) with the help of the 203k loan program. Then, continue to expand my real estate collection into apartments and/or multi unit housing to create cash flow. Somewere between that time I will also purchase paper real estate ( as in Tax liens/deeds). Eventually I want to own a good sized apartment or collection of condo's for a positive cash flow and along with that continue to buy, rehab, and sell properties in the SoCal area.

Currently Seeking

Foreclosure fixer upper in San Diego, CA. Price range depends on if I do it alone or with my good friend and future investment partner.
Alone: under 200k
Together: under 350k

ALL IDEAS AND ADVICE GREATLY APPRECIATED!