All Forum Posts by: Cameron Ellis

@Jessica H. Defiantly, I'm always looking for a way to recreate some else's wheel. Lol

@Scott E. search the hashtags #realestate #flippinghomes #investor Ect.. It's cool and it's a little motivation for me each day

hi guys,

I'm looking into starting my buy and hold portfolio, today I spoke with a investor actively flipping and holding properties in Phoenix and LosAngles and I pretty much explained to him the success I'm having in my market. His immediate answer was "Cameron, get a hard money lender and build your portfolio"

I'm at the point now where I've developed great relationships with the companies investing in my market, and I have a great source of properties coming my way I'm letting go for really good prices. The guy I spoke with explained to me "buy 3, sell 1, pay 2 off, and repeat"

I guess what I'm confused about is the part the financing option the lenders will give, for example if I ask my HML for 100k at 15% over a 6-12 month term, will I just need to pay 115k by the end of the term?

Any information on HML would be great for me, back to my YouTube and bigger pockets handbook.

I don't know about you guys, but I love Instagram! If your actively investing or looking to start soon I think Instagram is a pretty good app to use in your spare time, it allows to you connect with other via pictures and videos. Hey I'm not a big reader, but I'm growing into it. I feel Instagram is my best friend right, every minute theirs a investor on my timeline showcasing his progress(what he's reading, what he does daily, his new deal, renovations, headaches, and their life outside real estate) and not to mention you can keep eyes on your competition.

Just today I connected with a guy that flips and holds properties in Phoenix and LosAngles, we shared stories on how we got started, what were doing in our market to separate ourselves from everyone else. He also guided me on hard money loans and how they work. Although I still have further questions, I understand a couple do's and don'ts..

Over the last few weeks I've gained a lot of tips, marketing strategies, and expanded my network through Instagram

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@Christina R. Lol it defiantly does!

thanks brain,

I'm still finding out ways to use BP off my phone. I've think I found the bullet tab now. Thanks for the heads up!

thanks everyone!

David honestly I think I been at the right place at the right time for all my deals, I find no better marketing better than direct marketing. And actually on this first deal I listed onCraigslist, and another wholesaler in my area contact saying she had a buyer I believe that was my longest closing probably 3 weeks. Since then I usually have them sold within a matter of hours.

Barry, I have no niche honestly. I sell apartments, land, and SFR. That's what makes me different from the other wholesales in Memphis, I have the banks calling me first to look at properties because I've developed a good relationship and like I said above the contracts are locked up in a matter of 3-14 hours. And a key thing I'm doing in Memphis is offering seller financing on apartment complex this means ANYBODY can invest

how's it going everyone, I thought I would chime in and give everyone a little update and a little motivation to the guys looking to get in real waste but just don't know where to start.

As you guys probably know by now 6 months ago I was working a 9 to 5 at mcdonalds just making a little over $800 per month until one day I came into work thinking to myself enuff is enuff and I quit my job not having even done 1 deal in real estate or enough in savings. EVERYBODY thought I was crazy, but at that point I had nothing to lose. I went full throttle putting long hours into getting my first wholesale deal done which closed 3 weeks after I quit my job. I made $900 with no training courses just bigger pockets and YouTube and from their I never went back. 6 months later I've profited around 70k wholesaling homes to my 3 local buyers and private equity companies. If theirs anyone out their just not knowing how to began I would say the major step is to take action!

I would just like to thank everyone on biggerpockets for providing great forums and blogs.

hi everyone,

I have a list of potential back-end buyers but I'm not sure on how to market to them. Usually with my local rehabbers and investment companies I get in contact directly with the acquisitions guy, or the owner and ask them for their investment criteria.

My plan for 2014, is to buy-flip 2 properties. So I have began early lining up my end buyers but I'm just not sure how to market to them. What would you suggest?

@Ned Carey thanks Ned, I hear the smaller banks are a lot easier to work with because almost everything is done in house.

@albert bui would the qualifications for a refi be the same as getting a conventional mortage? also, while I have you here are they're any set backs for a international investor to get a mortage on a investment property here in the states if they have a llc set up in the states?