All Forum Posts by: Clint Coneley

From experience, it depends on what type of lender you are talking to.  If talking to a commercial lender, it will be judged by income.  If going conventional, it will be assessed based on comps derived from a blend of sales and rental incomes.  The fact that it is not single family, will limit the amount (%) of cash you can pull out.  

Fabian,

I live in Pasadena and I'm also new to flipping and whole selling but want to network with people in my area. Message me or better yet call me at 832-848-0253

Fabian

I've decided to stay home and work my current job. I've recently tightened my budget and saved some money; with that money I'm in the process of starting a direct mail campaign. I didn't plan on wholesaling but I'll give it a try since it was suggested by many of ya'll. Thanks again for all the great ideas!

@Manny, Can you hit me up on a message and tell me how to create letters with Microsoft Word? Thanks

Count me in!

@ Terri, I will look into wholesaling but I'm not much of a sales person so not sure how that would fit my personality.

@Elizabeth, I was under the impression that the VA only allowed primary residence and that the house needed to be in good shape.

@ Robert, I will take a look at crowd funding sounds like it could be a good deal. Thanks

I was a little nervous about getting on the forums but I listen to the podcast and Josh and Brandon said that its the best place to get info. I was not expecting the responses and great advice I received. THANK YOU ALL FOR ALL FOR YOUR INPUT!

@ Dale, That's a good idea but I'm already using my VA loan on my current house. Also, the VA requires the house to be in excellent shape if they are going to assist someone.

@ Jesse, I have not read that book but I did read J Scott's Flipping book. 

@ Anthony, Some would say I make very good money but it's never enough. I don't want to say I spend to much money on toys and eating out but my savings account will prove otherwise. Honestly my lack of savings is the only reason why i needed someone to invest with me. The loan officer said my credit and income is good but I needed more cash in reserves.

I'm sorry for the late response because I couldn't see ya'll s post for some reason. First off, I want to thank the people who have served and know how I feel......also to the wife's of services men, I know ya'll have it hard too. Thanks for reminding me of how bad it sucks being deployed! To answer the question of going to meetings, no I have not been and I know it's the place to meet people but I'm just not a person that likes crowds. I know to succeed in this business I will have to get over that issue.

@Robert no oil rigs just working shut downs and making 3 times of what I make now.  I've never heard f crowd funding?

@Andy my wife dosent want me to leave but she sees how bad I want to get this real estate investment going. She also dosent want to rely on other people to help us.

This is my first forum ever, and Im feeling computer illetreate! how do I see what everyone is posting! I can see that I have responses to my forum but I cant see what they say.