All Forum Posts by: David Goossens

I'll get a text about every 3 or 4 months about an issue that needs to be fixed. I match the issue with a list of contractors that I've used in the past, and they go fix the problem. I pay with a credit card over the phone. I've never received a call or text at 3am and it wouldn't really matter because my phone is on silent anyways. Like other people said, set boundaries with the tenants and stick to it.

Check out Los Banos and Fresno. 

In my experience, showing up on the job everyday or at least every other day, makes a huge difference. Sometimes I bring some pizzas and soda for the crew at lunch. It helps build rapport and makes the guys happy. It also affords the opportunity to do a walk through to address issues before they become major problems. 

I just talked to a friend of mine. His tenants pay him with an app called Square Cash. It's suppose to be pretty easy to setup and use.

San Jose State. Business Management degree. 2 SFR rentals and 1 flip so far. I'm currently a commercial electrician in the Bay Area. It sounds like you are doing just fine.

@Steven Barros. I started with a SFH in 2013. Later that year I bought another one. This year I successfully completed my first flip. The two SFH have appreciated to a point where they could be used in a 1031 exchange into MFH or potentially a small apartment building. I'm on the verge of quitting my job to pursue the flip-flip- rental strategy as a full time business. Ideally I'd like to get a few more flips under my belt before I move on from my W2 job, but I'm not sure how much longer I can hold out. Either way I'm motivated to transition to REI full time. I don't care if I have to knock on every door in in my farm area and call every one in the phone book. One way or another I'm going to make it work...although $300k would make the transition a bit easier lol.

Seller financing would make it possible..although it would be challenging to get someone to agree to a 0% down loan...You never know until you try. 

$300k to quit my job...Where do i sign? I have my pen ready!

I'd leverage $200k into a small apartment building for some passive income, then use the remainder to accelerate growth in my flipping business. That profit would then be recycled into more apartment deals. Wash, rinse, repeat. Never look back on the 9-5 job...ever 

Congrats! Sounds like a ton of hard work is paying off for you! I can't wait for the day I can write a post like this. Very inspiring. 

It depends on how you plan to finance your RE endeavors. Like the people above stated, having multiple credit inquires in a short period of time might vary from lender to lender. Get the ball rolling at a local credit union and see what they say. If you are 1 year away from purchasing a property, that will give you plenty of time to make any necessary adjustments. Of course, traditional mortgages are only one way to get started in RE. Do some searching on the forums. People really get creative. On my last flip, I paid for almost everything on my CC and racked up enough points for a sweet vacation. So, long story short, I think travel hacking and RE go together nicely if you take the time to plan it right.