All Forum Posts by: Romica P.

Absolutely! :)

Hi Alvin,

Absolutely not. As long as there is a legal agreement between the two of you . I work with a few partners and usually either one of us would fund the deal and the other would do the work and we divide the profits 50/50. It's always been a win/win situation as long as you're working with a trustworthy person and you two are clear on how the task will be divided and who will get what share.

Agree with Ned Carey in that many newcomers believe they will get higher returns on their investments through RE.

RE is a very rewarding field and I've only been in this business for 3 years directly (owning properties) and 7 years indirectly (managing my father’s properties) but if there's one thing I can say, it's definitely not easy. There will be ups and downs but I believe those who are truly committed and are able to overcome any loss and keep going will have great success.

Welcome dude! Congrats. Very upbeat and positive energy from your posts.

Awesome. This is the strategy I use as well.

Cliff

I started out with a partner. I just jumped right into it because I knew at least for me, I would never make any money in California.

I understand the feeling and risk may be scary for some. I would recommend to start out in Arizona because its closer to you and you already know someone there.

Welcome Cliff!

I'm also originally from the Bay Area. I invest out of state though!
This is an awesome community and you'll learn a lot here and i'm sure this place will help you towards making an informed decision, whatever it may be :)

Hi Trey. Welcome to BP!

Dawn has given some great suggestions!

Some others I might add is to make sure you know what it is you want from your investment property. Obviously, everyone wants money but are you more interested in passive income? Fix and flip? etc...

If you're interested in a cash flow property, make sure you get a high income producing property. If you want fix and flip, make sure you know the current market value (and not some general estimate) so after you rehab you know you will make money.

Lastly, have realistic expectations. Ultimately, there may be some ups and downs but always know this is the best investment you're going to be making.
Stay positive and keep up no matter what!

Brandon, I think you mistook me for William regarding the book :)

Keep doing what you're doing and stay positive Ivan, you will definitely get there!

Ivan,

I recall in one of your posts you mentioned that you had an apartment in Tacoma(?). Did you think about moving into an unit and renting the rest out? It will pay your mortgage and help you to save some money :).Know some investors here that's done that.