All Forum Posts by: Kellen King

Hi Dominic. Keep working towards that second property and building wealth. Sounds like you have the right mindset. Let me know if I can help you out in any way. I'm a realtor and always open to new investor clients! 

Willy, let me know if you're still looking for someone. I'd love to help. 

Hi Michael! I'd love to connect and see how we can work together. I'm looking to work with others by bird-dogging and/or being their agent. Send me a pm if interested!

Mark, I would be glad to try to help you find something in the area. I spend a lot of time looking for deals and would love to pass that on if you're interested. 

We are open to properties up to $500,000 as long as we have the funding available at that time and of course if the spread is good enough for the risk. 

Great job, amazing work! I'm one to try to go with my gut when possible. Following all the same rules and advice will only put everyone on the same mediocre level. I really believe the most successful people have their own approach and they follow their gut feelings. 

My dad has 3 properties currently on the market right now and is unable to put a down payment on another house. So while splitting a deal with him after he uses hml would be a nice idea, it's not possible at this time. I can see how getting 100% funding and splitting 50/50 may be hard to find when starting out on my own, so I'm looking for ideas and strategies. 

 It's a good idea, and maybe possible, but the family business is trying to go in the direction of using more hard money and private funding instead of using personal funds. 

Ernie Guill at Rattler Realty works a lot with investment properties, so he would be very helpful to an agent that specializes in investment real estate.  He owns tons of rentals himself. There is a lot of freedom in his brokerage. Some places try to get you to stay down the same path as everyone else. 

I found a nice wholesale property. I want to make a move. But now what? Even after books, podcasts, and meetups I still feel like I don't know how to take that first leap. So here's a little background about me: 

I'm part of a fix and flip family that has flipped about 25 properties in the last 7 years. I've been an assistant through all the flips, usually searching for properties, running comps, designing, and purchasing items. So, I have a lot of experience and knowledge with flipping. My dad has always handled the actual home purchasing side of things. 

At this point in time, I want to continue to be part of the family flip team, but I also want to try my own project. So, this is where I am in need of some ideas and guidance. I don't currently have the funds to purchase a property. I figure I will need to use private funding where another investor funds 100% of the home purchase, I do all the rehab, and we split profits 50/50. Does it make more sense for me to go this route starting out as opposed to the hard money route? 

If I do go the private funding route, how do I go about showcasing the property to them? At the moment I plan on using an excel sheet with purchase price, arv, rehab expenses, ownership costs, acquisition costs, projected profit, etc... I see a lot of people say that you should secure the property first and then find someone to fund it, but I assume that's if you're buying from MLS.

Any ideas and recommendations for taking my first leap are much appreciated.