Updated about 9 years ago on . Most recent reply
Investor from Fort Worth, TX
Hey Guys,
My name is Beau Gumbert and I have been in real estate for a year now. In the last 13 months I received my license, bought 16 rent houses, flipped two houses with 500+ sq ft additions, and scraped three 1000 sq ft houses and build new 2600 sq ft homes. I have done about $3.5 mil in deals so far and I WANT MORE!
I love this business. I'm kind of a workaholic so real estate works with my schedule. Hah! I want to get into commercial soon, but I want to get 30-40 rent houses cash flowing before I do. Hedging my risk!
I just changed my strategy in real estate. I am looking for ARC70 deals. (I made up the term, it means "AFTER REPAIR COST @ 70% of appraisal". Certain financing has allowed me to get properties for FREE and maintain a 30% equity to get there. There is not alot of deals out there that will qualify for my equation so I am looking for wholesalers.
Looking forward to dig in deep in this site and see if I can find anything useful. Any tips or ideas for BiggerPockets?
CHEERS!
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