Property Manager · Boise, ID · Member since 2017 · 7 posts · 5 votes
Hey! I'm a buy and hold investor currently devoting all of my time to finding great deals. I am currently looking to link up with someone in San Diego to complete these deals and move towards financial independence. I have big goals with the plan and drive to achieve them. I can't wait to connect with some of you and start moving forward!
Investor · Coppell, TX · Member since 2008 · 2k+ posts · 646 votes
8y
Hello and I like your motivation Andrew! You should not have trouble finding help in San Diego. Probably one of the best ways to get someone's attention ix by showing them their benefits on paper and convincing that their investing with you is so much better than the Bank. You may have to offer them more to get them to help, but that might be worth it at first. Remember that you are just trying to start and that there are many deals and years left. Your background may matter.
Even your selected area may matter so choose it carefully. So might your type of real estate investment. I do not know what you are proposing to do and whether it is a short term or long term investment. In this economy short term deals I would recommend Fix and Flip and Quick Flip. They go well together. Long term I would suggest apartment complexes (5+ units) with some wholesaling or Fix and Flip. That would give you both short term and long term investments when considering the last given option.
For short term only, I would suggest Fix and Flip with some Quick Flips which do not involve any repairs or rehab. It's just a by and sell with no work done. Those two go together well. One of the best things about apartment complexes is having multiple units at one address. I think houses are too risky but if you want to do houses real bad I would suggest a tri-plex or a Quad-plex. I do not know what exists in San Diego.
Property Manager · Boise, ID · Member since 2017 · 7 posts · 5 votes
8y
Thanks for your help, much appreciated! I am currently looking to BRRRR small multifamily houses and hold for long term. I plan to attract investors with thorough and precise analysis of great deals and am currently looking for partners I can share these deals with. I am also looking to house hack from January 2019 as my situation does not allow for that at the moment.
Investor · Coppell, TX · Member since 2008 · 2k+ posts · 646 votes
8y
I messed up and hit the wrong button before I finished. I was going to say who is this guy and what does he know? I am currently 61 and have many of years of experience in construction management and some in a broker license (actually about 30 years) in the state of Texas. I'm a college graduate with honors in business that emphasized real estate. I was born and raised in Dallas, Texas.
If you think i can help you in any way, please contact me through this site because I am on it just about everyday. There is much I did not tell you about me but I might later.
Investor · Coppell, TX · Member since 2008 · 2k+ posts · 646 votes
8y
Hello again Andrew! I did not mention a couple things I want to say now that I have read your letter. The more units, the better. Realize that many buyers are retailers willing to pay higher than the price listed. But understand the houses that are in bad shape will have less I do like people that are willing to move and participate in a owner-occupant people involved and do a "house hacker" loan with a lower down and have tenants next door. Having any experience is required to do apartments is a myth.
Most "house hacker loans might have a limitation that is no good, and that it' or that is what I heard, is that you cannot do that in another loan when one is already in place.
Property Manager · Boise, ID · Member since 2017 · 7 posts · 5 votes
8y
Thanks for the response Cody! At the moment my situation is a bit difficult as I am living outside the US for the next couple months. Hence, the best value I can bring to others is finding them deals. So currently in SD I am looking for long term partners to build a good relationship with and to pass on deals to. Once I arrive I'll be able to offer a lot more to them. I am also in the process of getting a core 4 together in other markets that have interested me. So in all I guess I'm looking to connect with many different types of people and going about it in different ways.