All Forum Posts by: Johnson Michael

@Sam Marcos apologies if this may sound naive. If you are able to get 70% funded with hard money, can you not get the remaining 30% funded as well, either through friends or acquaintances?

Johnson

@Brad Semenoff, welcome to BP. I am based out of the SF Bay Area. Also looking to invest in my first out of state rental home.

Let me know if you want to connect

@Raymond King, no I have not invested yet. I do not find it very efficient to invest in rentals in this CA crazy market. I think wholesaling and flipping would work here. But I have zero experience in both.

I work for a real estate fintech company https://www.roofstock.com. I can invest in out of state properties through Roofstock. However, being an employee, we have some restrictions such as waiting period etc. I have to admit that I have been lazy. But I have signed up for the "Own a Real estate investment in the next 90 days challenge challenge by Brandon". I would say already 5 weeks have gone by without any action other than listening to BP Podcasts and webinars.

Lets connect and see if we can help each other.

Cheers,

Johnson

Welcome @Raymond King. I am also a newbie based out of Fremont, CA

Congrats @Thea Linkfield. May this be the start of many more shorter and better flips.

Cheers,

Johnson

Hi Chris,

This is what I found.

https://www.fool.com/investing/2016/06/23/is-fundr...

Johnson

Hi JC,

Sorry for the delayed response. Unfortunately I do not get notifications from BP when someone sends me a message. Hence I did not know you had responded to my message. 
Since I am also a first time buyer, have been a bit cautious. I had a coffee date with one of my colleagues, who has already purchased 5 to 6 homes through Roofstock. Also listened to a podcast from Brandon Turner a couple of weeks ago regarding first time investing. I have around 25 K to invest. So am looking at properties which are between 60 and 80K . Per my colleague's advice, I will be avoiding Florida homes. Memphis and Georgia are good places to invest. 
I had shortlisted an SFR home last weekend. Then came to know that being a Roofstock employee, I cannot buy a property on Roofstock till it has been listed on the site for at least 5 days. And lo and behold, the SFR home I liked got sold within a couple of days. Need to look again.

Cheers,

Johnson

Hi Fremont/San Francisco fellow people (Chad, Chris, Michael),

Would love to connect with you. Please let me know if there are any local meetups coming up.

Thanks,

Johnson

Was able to get a refund on my jumpstart course without much hassle. There was a student who called me and tried his best to make me enroll in another basic course for $2500. After talking to him for almost 40 minutes, I made it clear that I wanted to opt out. The rest of the process was smooth. I had to sign a docusign document and ship back the study materials. Once the package was received by their office, I got my refund in a couple of days

Thanks,

Johnson