Updated about 9 years ago on . Most recent reply
Advice for starting as a small cash buyer in Southern California
Has anyone started out as a small-scale (60K-130K) cash buyer in Southern California? I'm going to start flipping properties within the next few months (looking for the right property now) and I've researched a great deal. However, most of the advice/information I've come across is about getting started and expanding one's portfolio via lots of loans. Has anyone invested independently? If so, do you have any suggestions for a newbie? To be more specific how did you get started and was the development of your portfolio/business different from other investors?
Advice from non-SoCal investors is also very appreciated!
Most Popular Reply
why don't you use that 60k-130k in combo investment with Hard Money and really make it happen you will make a lot more money and there is not a lot in that range so you open your range of properties by a lot you could easily buy a $350k flip with that and hard money and make maybe $30k-50k on your first flip keep doing it 4 times that year and now you will have more than double and maybe you decide to do it on your own, but I am a cash buyer and I still use HM just because if I get 3-4 deals in a month I don't have my equity tried up, and this way we finish 19 flips last year in san diego me and my partner without this strategy I could off maybe done 5.