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All Forum Posts by: Timothy A.

Timothy A. has started 9 posts and replied 22 times.

Post: New kid on the SoCal block

Timothy A.Posted
  • Property Manager
  • Redlands, CA
  • Posts 24
  • Votes 1

Thanks all for the warm welcomes! I definitely look forward to the socal meet up! Keyword added.

Karen, that is a great article and it's good to know where all the people are migrating. Sounds like the IE is continuing to expand which only means more opportunity to find people homes.

Post: New kid on the SoCal block

Timothy A.Posted
  • Property Manager
  • Redlands, CA
  • Posts 24
  • Votes 1

Hi everyone! Newbie here from the Inland Empire region of Southern California.

I'm currently a program manager in a large consulting firm and am looking to grow my wealth outside of the 8 to 7 job. My only experience thus far is handling landlord responsibilities for a house in the family.

Goals:
Long Term, 5 year:
- Replace my job income with passive real estate income.
Short Term, 2 year:
- Close my first deal!
- Flip 2 houses in 2013
- Purchase and live in a triplex or 4 plex rental unit and using FHA loan.

Strategy:
Fix and flip homes in the Inland Empire to build enough capital to fund my buy-and-hold purchases. I will focus on marketing to motivated sellers in low to middle market areas with 3-4bd/2-3ba homes in any condition.

Next Steps:
Network, build relationships, and provide value to the community. Hopefully find a mentor in the area that I can shadow or help in anyway possible. If anyone needs a motivated student, let me know!