All Forum Posts by: Timothy W.

Linked in has a good business format to it. Personally I think Linked in and Meetup.com should join forces. Those two combined would be a formidable social networking site, entity, phenomenon...whatever you want to call it.

If it were me.... I'd buy a multi unit up to 4 units for as cheap as possible. You can buy a 4 flat and get 1st time homeowner financing. That starts you off with 1 unit to live in and 3 units to rent out.

What city do you live in? I'll help you do a quick search.

Tim

Amerikote,
FYI, you're dealing with what I had right after my divorce - post divorce entrepreneurial seizure. You're financial mood had a serious downswing because of the divorce and now it wants to feel a high with a great resounding new success. It's ok to use that energy, but take care that you temper it with a conservative approach to what you do. I went a little crazy with my post divorce seizure and decided that after doing a few deals, I could buy a 632 unit apartment complex. I actually went after the thing until my reason kicked me in the rear and refocused me properly.

I started my investing career in the Ozarks. You're in great cashflow country. You probably don't even have to do preforeclosures in your area. I bet the REOs cashflow very well where you're at.

Tim

TC,
There's a subculture of us who do this and don't compete. How did they say it in Rounders? "You never see pirannhas eating each other."

Good work on your numbers there. That property will work very well.

Tim

John does make a point. As the professional, this is her job to make sure she does it right. I have a property that I've talked with my agent about listing and he has informed me that he has a list of buyers that could send it to ahead of listing. As in all things, I'm sure the devil is in the details.

My humble opinion - find a good rental area. Get in there and find the very cheap properties that you can rehab, tenant and flip to investors who want to hold long term. Make a little bit on each and go for repeat clients and a repeatable system. Whether markets are up, down or sideways - positive monthly cashflow will always be profitable.

Ah man, the idea's already been used? Note to self...cancel bikini shoot....

Flipper,
Shoot me a pm.

Tim

That's my understanding of IL licenses as they exist. My understanding though is that this is going to change soon - as in the next year.