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All Forum Posts by: Paul Vanderbyl

Paul Vanderbyl has started 1 posts and replied 1 times.

Post: Advice on Fix and Flip and/or BRRR

Paul VanderbylPosted
  • Temecula, CA
  • Posts 1
  • Votes 1

Hello-Long time Real Estate Appraiser looking to transition to full time Investing (Flip, Fix up and rent out). I'm completely burnt out on appraisal and looking to transition full time to investing in a couple years. Currently I own 2 rental house and a duplex all free and clear with about 1.5+ million in equity. All Rentals are within 40 minutes of my house in Temecula. Looking for advice on how to really calculate my return on equity on my rentals and if/what kind of program I can use to run different scenarios on investments to maximize the return on that equity. Ultimately I would like to just fix/flip and/or BRRR fulltime. My thought is to get an equity line on the rentals to use for cash in addition to the liquid cash I have plus $100K current equity line on my house. I would like to be in the 600-700 price range on initial purchase and looking at North San Diego County (Escondido, San Marcos, Vista, Oceanside). Any advice on how to really start this (recommended videos, websites etc) Thanks!!!