All Forum Posts by: Jack Daw

@Joseph Firmin

@Joseph Firmin

Hello Joseph, thanks for your input.

So I’m in the process of moving from a 1 bed apt

to a bigger place due to an expansion in the family, so we need more room. My wife, wants to get a mortgage on a house right away, which I only want to do if it's a place we can live in for a couple of years, while I renovate and move on to another place. So the SFH idea is something I've been looking at. Problem I'm having is where to find the best deals in a good location, we're in Venice, Ca.

Duplex would be great but I’m having same problems there as above. Finding the right deals in the right places, and options are limited as I’d think if I owned and rented a duplex I’d need to be close incase it needs attention. Sites like Auction.com only seem to only offer cash deals and hardly nothing on finance.

I had hoped that I could get into coin laundromats and possibly aim to own a few in the future, I think it’s a pretty safe, profitable business.

So yeah that’s my life story haha but if you had any other tips on finding deals for such places I’d be very appreciative.

Thanks again,

Jack.

@Damian Bialonczyk

That was my initial thought, as I can plaster, paint and drywall so I have some skills that I could use to make a renovation cheaper.

I just have no idea where the best places are to get a good deal. I’ve been looking on trulia and Zillow for a while now and nothing screams out to me as a good deal.. I’m located in Venice, California so I want to keep what investment I get into within an hour or twos drive especially if I bought something that i would rent out.

Other places I’ve looked like Auction.com don’t do finance only cash purchases.

I’ve also liked the idea of coin laundromats and the possibility of owning a few in the future seems like a safe profitable business.

Thanks for your input.

Jack.

I have 50k savings, want to invest in something, not sure what, looking for some ideas! So what would you do to make this 50k sum a larger one!?