All Forum Posts by: Will Corral
Will Corral has started 1 posts and replied 9 times.
Originally posted by @Bob S.:
@Will Corral how to do propose we help YOU make 100k ? Is this a real question ?
Different techniques to find off market deals, advice from what has worked for others, so yea I guess it is a real question.
Originally posted by @Shawn Mcenteer:
@Will Corral what market are you in?
Cleveland suburbs.
Originally posted by @Joshua Janus:
How are you currently finding your deals? Do you have multiple sources to get off market properties?
That’s probably where a lot of my issues lie. It’s almost all mls. I don’t have any sources for off market deals. How do I obtain these sources?
Originally posted by @Ian Walsh:
What is the rut? The answer likely lies in there.
The rut is not having a steady stream of properties. There are obviously techniques to get off market deals I just don’t know them, or need someone to explain it to me in simpler terms.
Originally posted by @Shiloh Lundahl:
@Will Corral The answer is yes. There are many people on BiggerPockets who could help you learn how to make 100k in real estate in a year. Give us specific details on what you did the past 2 years, and the results that you got, and we could share ideas with you on what you could change to reach your goal.
Remember though that there are opportunities costs in reaching this goal. Meaning that the more effort and focus you put towards this goal the more you will need to take focus off something else. Many people want to reach your same goal but they unwilling to do the work it takes to reach the goal. They want to reach it with out it effecting their normal day-to-day lifestyle.
In the past 2 years I’ve flipped 4 houses. I made roughly $30k on each of those transactions. I currently own a kitchen and bath design company but am looking for more financial freedom. My goal is to have more time to spend with my family. I know my local market like the back of my hand and can easily estimate costs for repairs and what not. I just can’t seem to have a steady flow of flips where the return makes sense.
I'm buying SFH and doing fix and flips. Can you do short term rentals in any market?
Originally posted by @Theresa Harris:
What type of properties are you buying? If you are flipping, there is higher risk, but if you buy right, your return ($ amount, not necessarily percentage) will be higher on higher end homes. For rentals, your biggest return would be short term rentals. both are higher risk and more work, but higher potential return in terms of dollar amounts.
Originally posted by @Joshua Janus:
How many deals do you usually do in a year? Find ways to spend more time on tasks that will lead to a higher execution rate of deals. Do you have a good team around you?
I’m only doing about 2 deals per year, I would definitely do more if the deals were more abundant or if I knew a different technique to get off market deals. The team is me and my money guy.
Can someone help me make six figures in a year? I’ve done rentals as well as fix and flips but I seem to always hit a rut.