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  1. BAJAvol

    Anyone here into real estate investing?

    It's ridiculous. I'm paying 7.25% on fixed rate 30 yrs right now.
  2. BAJAvol

    Anyone here into real estate investing?

    Alright I said I wasn't going to buy anything else this year but when something hits your desk that is freaking fire, you gotta pull the trigger. I'll give a number breakdown on the deal for anyone new to this. Where this lead came from: website Purchase: $169,000 Repairs: $0 (yep this place...
  3. BAJAvol

    Anyone here into real estate investing?

    For sure! I'll hit you up this week. The best lenders I worked with for hard money is longhorn and kiavi. I've got a private money guy now. Paid his ass 3 points and 15% interest when I first started before I proved myself. Once he realized I knew what I was doing, I just pay him 1 point and 8%...
  4. BAJAvol

    Anyone here into real estate investing?

    Hire it out. Time is definitely money. If I remodeled a flip myself, I could more than likely pocket six figures. But it would take me 6 months and I would have to walk away from other deals. Hiring it all out allows me to work on other aspects of my business and find more deals.
  5. BAJAvol

    Anyone here into real estate investing?

    This really depends on your strategy, but I went after lenders first. Unless your sitting on a large pot of money, you're more than likely going to need to finance your deals. Next is contractors. Start researching and meeting folks that do remodeling unless you plan to do it yourself. I live...
  6. BAJAvol

    Anyone here into real estate investing?

    Most of mine came from inherited properties or tired landlords.
  7. BAJAvol

    Anyone here into real estate investing?

    I've just always enjoyed it. I kind of "flipped" my first house that was the first primary residence that I bought. Realized the potential it could do. Then I met a friend of a friend who retired at 34 thanks to real estate. Well when I say retire, I mean he walked away from his day job and...
  8. BAJAvol

    Anyone here into real estate investing?

    That definitely goes back to most of the population has no idea how to manage debt (other peoples money). I've done well so far, but I honestly haven't taken but the minimum draw required by law from my business. I just keep rolling the profits back into other projects. I currently have 5 doors...
  9. BAJAvol

    Anyone here into real estate investing?

    If I borrow your money and I'm paying you 500 per month to flip a house while I have 150k sitting in the bank, anything that goes off course will not be an issue. When I take that entire 150k to find a fix/flip and something goes off the rails... I am literally ****ed. That's just a simple/one...
  10. BAJAvol

    Anyone here into real estate investing?

    This is probably a bit of a stretch, but I completely separated my personal finances when I started doing this. I had about 6 months reserves for my personal finances set aside. Then I saved 25k and set it aside to start my business with. This was enough to pay for hard money loan fees, float me...
  11. BAJAvol

    Anyone here into real estate investing?

    Ok. We have two separate viewpoints/definitions of risk.
  12. BAJAvol

    Anyone here into real estate investing?

    These huge adjustments usually only affect higher end homes in the 400 plus category and it's usually why I only target homes with ARVs of 250 or less. These homes are rarely hit too hard and even when they are, it's immaterial. Again, when you're buying at 70% ARV minus repairs, it offers a...
  13. BAJAvol

    Anyone here into real estate investing?

    The market has no affect on what I am doing with a HELOC. I rarely flip. I buy and hold. Mainly because that creates real wealth, the tax advantages, and the cheaper renovation costs. When you flip, you better be putting all of todays trends in it. When your plan is to rent, you don't need to do...
  14. BAJAvol

    Anyone here into real estate investing?

    Ehh, that cost money too if you hire it out. Plus you have to pay for the list sources. I like free leads. But I do know some guys that do a million a year on PPC.
  15. BAJAvol

    Anyone here into real estate investing?

    Exactly. I have a 200k HELOC at prime that i use to fund my purchase and renovations. Then pay it off at the sale or refinance of the property. This goes back to 95% of the population has no idea how to use debt, and the ones who do retire at 35. Why would I want to use my own money when I can...
  16. BAJAvol

    Anyone here into real estate investing?

    Bless you man. I spent a fortune in PPC with limited deals. That's when I knew I needed to get into the SEO game.
  17. BAJAvol

    Anyone here into real estate investing?

    bud, you bring some great information to this thread, but most of what you bring is in regards to ordinary retail buyers. This is a thread for real estate investors. Yeah the market is crazy right now, but investors honestly love turbulent times. I am not sure what you are trying to get out of...
  18. BAJAvol

    Anyone here into real estate investing?

    Making money work for you instead of the other way around is definitely key. I'm no expert by any means, but I feel like I can try to help get you started in the right direction. I had analysis paralysis for a year before I took the plunge! My best tips: 1. Jot down a list of the niches you...
  19. BAJAvol

    Anyone here into real estate investing?

    Now do rents
  20. BAJAvol

    Anyone here into real estate investing?

    Way to make assumptions. I've literally never spent a dime on mail or made one cold call. People call me. I don't have to go around begging people to sell their house to me, and it's one reason I get the deals I do.

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