My philosophy is long term. I prefer to purchase properties at a great discount and then rehab if necessary, so that I can rent and hold. The market presents great opportunities right now. I also flip properties for shorter term money. I enjoy the creative aspects of real estate, including putting together deals, helping finance buyers, and of course the rehabs.
I started with what I thought was a simple rehab on my personal residence I bought while in college. (it was actually cheaper to buy a house than to live on campus!!) After living without a countertop for three months, and washing dishes in my bathtub, I decided to stop waiting on contractors and learn to fix things myself. I rented that house out and moved on to my next deal, and so on. I now do real estate investing full time between landlording and flips.
To not have to worry about money and give back to the world what it's done for me.
Anyone willing to share their experience and lessons with me. We're all constantly learning after all. Always seeking great deals in my local market and investors for my projects.
| Forum Posts | 1961 posts |
| Referrals | 2 |
Again, I'm not sure of usury laws for California. What is the max of points you can pay? I...
7 days ago
Jim, I don't think the mortgage will realistically be called due that fast. Especially if y...
7 days ago
If your goal is to make 10%, why not just lend it to him, and put a deed of trust on the pro...
7 days ago
I'm not in CA, so can't help much. Are you buying the property in your personal name? If i...
7 days ago
Rich Weese, just to be clear, the property you're referring to, did the seller subordinate h...
10 days ago