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All Forum Posts by: Doryne Thomas

Doryne Thomas has started 1 posts and replied 4 times.

Post: Second Project, Another Keeper. Beach House - Another Rehab Loan

Doryne ThomasPosted
  • Insurance Operations
  • Carrollton, TX
  • Posts 4
  • Votes 0

Hi Tim;

Can you recommend a good, reliable contractor in the Oceanside area? I may be buying my first flip there so I can work with my son who lives in San Diego, but we'll need someone good who knows about flipping. Thanks, Doryne

Post: Is it possible to get a loan if you're retired?

Doryne ThomasPosted
  • Insurance Operations
  • Carrollton, TX
  • Posts 4
  • Votes 0

Thanks for all the input everyone! I'll provide an update once I make my first deal.

Post: Is it possible to get a loan if you're retired?

Doryne ThomasPosted
  • Insurance Operations
  • Carrollton, TX
  • Posts 4
  • Votes 0

I recently took an early retirement package and I might go back to a W-2 job, but I'd really like to start flipping and buying rental property as my long term "retirement" strategy. I'm just worried I won't be able to get a loan to buy my first flip without a job, even though I do have other investments and a small pension. I'm assuming that once I've shown a track record of successful flips it will be easier as I'll be able to show that as my income, but it's getting started that worries me.

Any suggestions?

Post: I paid off a house in just 3 years!

Doryne ThomasPosted
  • Insurance Operations
  • Carrollton, TX
  • Posts 4
  • Votes 0

Great story....very inspiring. It's also nice to see someone who is as interested in being a good landlord as they are in being a good investor! Win/win.