All Forum Posts by: Account Closed

Welcome @Jack Medford

@Matt Sauls Hi Matt, welcome. I'm learning about the cash flow game as well, just wish I could find those opportunities within an hour of where I live, which would put me somewhere around the IE. In the meanwhile, looking into out of state opportunities as well. Sounds like you've got a good amount of experience (something I'm striving for) so I'm sure you'll be able to meet your goals. I'm sure people here could learn a lot from you as well. All the best...

@Matthew Dick Welcome, seems to be a hotly debated and mentioned topic, invest in or out of state in CA. Something I have an internal debate about as well, eventually we'll figure it out. Good luck.

@Account Closed

Thanks for the valuable advice. I have already signed up to attend a few local RE groups in an effort to learn & network.

The good thing is all the options you mentioned seem to be open to me, definitely a lot to consider & so much more to read...

Kris, you're smart for starting so young, wish I had. Also, sounds like you're a busy guy, I find that listening to podcasts in the car is the best time to squeeze them in. Good luck & welcome.

@Account Closed Great advice. If I decide to invest through the lending side, sounds like the best way would be to diversify, both with a larger institution and perhaps partner up with a local private lender. I'm looking for passive income, but that doesn't mean I don't want to put in the time to fully understand what I'm investing in. Thanks again...

@James Wise Simple and to the point, advice noted, thank you.

@Account Closed Thank you for the insight into the process, although I know that's just scratching the surface. Quite complex, but at least you seem to have a good handle on it.

Pretty convincing. If I invest in a fund, how involved can I get in the process? Am I shut out from "learning" as I invest?

@Geoff Woods Hi Geoff, any update as to how things have been going in the last few months? I'm new to BP and am inspired by stories like your's. Also by living in SoCal, I know where you're coming from. Thanks!

@Peggy Liu I'll be there as well if anyone is interested in meeting up during the networking portion.

I've been spending a good deal of my time on this site lately looking into what it takes to being on the lending side - private / hard money lending, investing in notes, etc... Seems like there are a ton of legal regulations & landmines. I'm trying to do my investing in real estate on a part time basis and the goal is passive income.

Do you think it'd be better to just invest in a fund with a reputable person or company who already has the experience in doing this (whether it be a note fund or a private money/hard money lending fund)? Or worth it to figure it out on my own? Either way I would obviously do my homework to learn what I'm investing in, I'm just concerned about my ability to locate/evaluate good deals vs. someone who does this full time. Any advice is totally appreciated.