All Forum Posts by: Justin Dixon

So I have analyzed a few deals working with an great real estate agent with the plan and goal to be a buy and hold investor for the long term. Also in my strategy I am doing the BRRRR (Buy,Rehab,Rent,Refinance,Repeat) strategy. Already in the process of buying my first investment but now I feel it would be very beneficial for me to get a partner to invest with. So I was wondering if anyone know in anyways for me to look up or find local people who are buying up properties? I guess I am saying how to wholesalers find there buyers/investor? Do they go to the court house? Is there a website that shows the person who buying investor properties? I have already as some local property management people if I could talk to some investor they are working for, but all of them turn me down. I think their worried about losing that investor business, not really sure. Any advice out there?

@Melissa Gittens I am actually going to do the BRRRR strategy ?(Buy,Rehab,Rent,Refinance,Repeat) This way I am able to still do my buy and hold strategy and I will be using/partnering up with a private lender hopefully soon I am still looking for one but I have already done all the research and I know the areas I am investing in and I know the ARV as well as how much to charge in rent. There is alot more behind my BRRRR strategy that I won't go too deep into because it would be too long but, yes I have pick this one strategy to focus on now.

Hello biggerpockets family! I have find what I believe to get a great flip, the house is currently HUD owned so it way under market value. The property itself is located in NC, I live in Clayton and only a few minutes away from the actually property. It's in a good location with all the local schools having a good or great school rating. No HOA dues (from the research I have done so far). The home only needs cosmetic work done no major fixes like foundation, roofing or and etc. I believe we could flip it and profit $15,000 to $30,000 (my profit number isn't exact because I believe with it being a HUD home and with it being listed for a while we could buy it under the listing offer which would be great because we will gain instant equity at purchase.) I was going to do a live-in-flip on this property but since this would be my very first step in real estate investing I figured I would try to get a experienced partner instead. So if anyone is interested in doing this flip with me contact me on here and I will give you more information and the numbers I have come up with as well to give you a better idea of this investment.

@Richard Bradshaw multi families do not cash flow well in my current market, I would consider it if I had a  partner but I would not consider this route on my own as a new investor to much risk thanks for you input though. 

@Jose AlonsoThanks for all your help

@Jose Alonso Yeah I think I am going to do exactly that because I am going to try to do a live-in-flip and my new range is $50,000 - $110,000. And if I can get a FHA loan 203K I can do all the needed repairs while living in it. Also wont be buying any properties that need major work like a new roof or in need of new plumbing system.

@Nicholas Armstrong I think I'm going to start out doing live-in-flips I been working for my dad remolding business since I was a kid so I know how to do most all remolds but I will only be looking for ones with minor or cosmetic problems nothing major like needing new roof or plumbing systems.

Thanks for all the input everyone really appreciate it, but I think I will try to start but doing live-in-flip because after doing some market research my area is not a great place to buy duplexs because one there locations are terrible, 2 the ones that are in descent areas all other investor are taking up because they are using all cash and 3rd the turnover rate in duplexs in my area isnt good at all. Most tenants who live in them only stay for a year then move on. 

@Becca Summer ok thanks for answing my question it was very helpful, @Andrew T. I was actually thinking about doing a rent-to-own with the house price being $50,000. And I found a property (condo) that I could buy and rent it out while I do the house hacking thing in the rent to own because they house is a sfh and needs a little work to it. What you think of this?

@Nicholas Armstrong I really like that idea, I actually just found a rent to own deal that's also needs a little work I was things about living in there while I work on it then either flip it and resell it or keep it as a long term buy and hold.