All Forum Posts by: Account Closed

Welcome!

The numbers are what matter, not the area so much far as I see. 

Guy sent me a flip deal I'm looking over 57k, 16k or so in rehab, sell in 60 days for a profit of $7000. They handle the rehab in 14 days or so.

I have flipped three houses and made 5k, 6k and 10k in about 60 days on each resale in TX in the last year. Good market and things are appreciating right now. I'm reinvesting my profits into a 56k buy and hold, also in TX.

I took an old 401k and rolled it into a solo 401k. I then bought a 49,500 house cash and it's making around 795 per month (TX contact put me onto THAT deal!) I did a bit of rehab on it, and now the occupant maintains it. Cash flow goes right into that account every month. Love my 401k for this kind of passive investing. 

I buy and sell real estate online pretty often. Picked up some great 10 cap and 11 cap deals for $50-65k in the last 12 months from a contact in my state online. Did my due diligence and the deals made sense. It worked out pretty good for me, have to watch who you are dealing with. 

You can buy and hold a distressed asset in TX and usually clear a 10 cap. I've done it with both rentals and seller finance. You also could flip a 50k house in some markets here and make 8k, with only about 10k in repairs. I've done similar flips here and resold them in 60 days. 

I have done flips as the investor only on a few in Texas. I like not getting my hands dirty and just enjoying the cash to buy more properties. It's all about finding the deals! I have a guy here who has sent a few good inexpensive deals my way that I made a hair under $20,000 on. In TX 5-10k on a flip with minimal rehab is real money!!!