All Forum Posts by: Timothy Leong

Did the contractor ask for some type of compensation for the referral? It could be a family member or friend of his that has been looking in the market for a while and cant find something he likes and he is really trying to help them out. If that is the case then he might tell them about how much money you put into the rehab (the buyer can always find out how much you spent of the house) which would give the buyer an unfair advantage. As good as this sounds, i think i would just stick with putting it on the MLS

Hey Brandon Turner,
I just started reading the "ultimate beginners guide to real estate investing" yesterday. I'm defiantly going to be reading the other article as well. I just started listening to BP podcast on and to work now (which is perfect since my commute is an hour and so are about each podcast)

Mehran Kamari Thanks! thats what a lot of my friends say, they use to tease me that I was going to school and work full time and not go out parting with them. Now that they see me working for a great company and working on investments they wished they did the same. I always tell them do it at your own pace and not to always assume the grass is greener on the other side. I'm defiantly committed into this, I stay up every night reading articles and doing what ever i can to learn a little bit more as my first deal is closing

Welcome, I just joined myself and I noticed that we both are from similar areas. I live in the East Bay and work in the Fairfield/Suisun area. I'm just starting out myself and learning a lot from BP...Listening to the podcast and reading the articles on this site has given me the courage to find new ways of investing. Hopefully we can meet catch each other at a conference.

Hey Savannah Leigh,
I figure being 21 I'm able to take on more risk and as much as I like having a steady income coming in, I'd rather work for myself and make even more money!
I'm open to almost anywhere since I know people are always renting. I'm working on pinpointing where I should do house number 2 at but I know I'm going to try to right when house number 1 closes. I'll defiantly PM you once I'm ready and sure I want to look in the Midatlantic area

Hey Marco Santarelli,
Just sent over a PM!

Thanks Marco Santarelli,
I wished I thought of this sooner, I knew I always wanted to own my home and save up for retirements since I was younger, just never thought about investing into real estate until this year. I plan on buying houses one by one and just continue to rent them out for cash flow.
Alameda County is beautiful, but very expensive.
I was actually looking at your website regarding some turn key properties in AZ and TX I just dont know how to proceed.

This one is in Fairfield/Suisun. It almost is, the prior owner did quite a bit to the house, all it really needs is a coat of paint on the outside for it to be perfect.
I havent quite decided yet for the second one...I've actually been looking at other states as well since the property itself is a little bit more affordable and has similar ROI. I wouldnt mind buying the second one in the same area but I dont think I can qualify for a second loan in Cali since I haven't been receiving commission from my job for over 2 years so they have to just go off my base income.

Hey all,
I just wanted to say reading post on BP has been a great help. I've been working on buying a rental property for the past year (during college) and now that I have graduated and gotten a promotion at work I finally got into contract. I'm purchasing a SFH for 196k with 20% down PITI=$974 and already has a tenant that's paying $1,425/month (for the past 2 years and wants to stay another 1.5/2 years).
I've gotten this one in place before starting to read BP, but after reading some blogs I'm already looking into a second rental property after looking at some turnkey property.
I cant wait for this first house to close so I can start working on getting house number 2! I'm looking forward in getting to know you guys and helping others as I learn.