All Forum Posts by: Danny Cerecedes

Hello BP Happy New Years to all of you and hopefully a fantastic one it will be!!

So I will try and keep my post somewhat short. I’ve been apart of BP for about two years and in that span I have Acquired two buy and hold properties out of state (I was hoping for more but It’s a start). I’m very eager to begin rehabbing and flipping homes ideally in Southern California (Los Angeles area) or possibly in the Kansas City area wher my rentals are. I have attended a few local meet ups trying to network and build knowledge but I feel like I need more. I would love if someone who is currently rehabbing and flipping would be willing to let me tag along and learn the business. I’m willing to offer any value I can to make it worth it for the person. 

A little bit about me. I’ve been a full time Firefighter for the past 13 years and also a licensed realtor based out of Glendale Ca. I enjoy the realtor side of real estate and I know there is value there but rehabbing, flipping and eventually developing is what really excites me!!! 

If anyone is interested in sharing some knowledge I would love to meet up for lunch (on me) and see if we could work something out.

I really appreciate whoever takes the time to read my post!!

Cheers BP!!!!

Welcome Ernesto!! This is a great place to build knowledge and network. 

Great job man!!! Love to hear how you financed it all? Cheers!!

Great post and a great start into the investing world. Congrats to you!! Lived in Roseville near the Galleria back in 2010....know the area well. Good luck on your next project!!

Absolutely agree with Austin. What was your plan going into this? Flip or buy and hold? Me personally would take the $13,500 and the property which you say will generate $1300-$1400/mo. I'm sure your total expenses per month can't be more than $700/mo leaving positive monthly cash flow of $600-$700/mo. With those numbers you make up that $10000 in about 14 months. No brainer keep the property!!!

Thanks and looing forward to attending.

Hi BP,

Has anyone used Realty Shares to fund a deal? I'm looking into them to help fund a flip and everything looks pretty good but just wanted to see if anyone had any first hand experience. 

Thank you!!

Hey Chris,

Late response to your deal but congrats!! I did my first deal in KC too. What company did you go through? I purchased a second with my parents and hopefully a third before the end of the year. They were both Turnkey but I'd really like to explore the possibilities of purchasing and using the brrr strategy. Let's try and connect....I live in Glendale. Again congrats man!!!!

congrats!!

Can anyone recommend a good community bank in the Glendale area that you have worked with. My business partner and I want to open up an account with a local bank and build a relationship that will hopefully lead to some funding down the road for flipping. 

Thanks in Advance