All Forum Posts by: Sean Gover

If that's the case, start looking for deals and post them here on BP.  The community will help you figure out if it looks like a good opportunity or not.

Peter, what kind of investing are you looking to do?

I would start by listening to all the podcasts.  That will get you off the traditional thinking mindset most have and show you a bit about creativity. 

If you are looking to flip houses then buy and read J Scotts book. It's here on BP.

If you want to do buy and hold rentals then buy and read the Rental Property books here on BP.  

Set up your keywords for topics you are interested in so you will get a notice whenever one is discussed.  I use Albuquerque and New Mexico as mine.

Welcome and good luck.

Sean

Thanks @Chris Seveney and @Andrew Syrios.  I knew the straight ahead method was telling me know, was just wondering if there was a more creative idea out there I wasn't thinking of.

Bump.  Any help would be appreciated. 

Thanks

I have a lead on a 1348 sqft 3/2 home that has an ARV in the 110-115k area. Owner owes 82K. He has tenants that will be moving out soon and doesn't want the house any longer. He says his current rent is 1k a month. Rentometer has that # at the median.

I am open to either flipping or renting property so all those options are available to me.

Assuming that to flip to rehab the house would need about 25k and to rent 10-15k is there any creative way to make this a profitable deal at a purchase price near 82K?

Sean

Welcome @Preston Smith.  Glad you found your way to BP.  It's a tremendous source for information.  I'd recommend listening to all the podcasts.  

If you are interested in networking there are some local groups you can join.  I'm currently involved in this one https://www.meetup.com/New-Mexico-Real-Estate-Mast...

Feel free to join us.  There are 2 others out there I've not attended yet as they conflict with my schedule.  But one is run by @David Torres, he can fill you in on those details.  Don't be afraid to reach out.  

Hey Rick, this guy has contacted several wholesalers per our last conversation.  The 28th may be too long.  

Thanks Carla.  He and I have met.  

Had an owner call that came across my website asking if I handled Los Lunas flips.  (My website states I serve the Albuquerque metro area.)  

I really don't have a good feel for the Valencia county area.  Anyone local want to follow up on this lead?   Shoot me a PM or post here.