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hey greg,
yes im still full time in my IT job. im still in my comfort zone of steady paychecks but i feel that i have alot more potential to make more if i did mortgage and investment full time. ive learned alot with creative real estate and i need to harness my knowledge in the right direction.
the investment here in CA is good because it makes sense to do rehabs/retail with a good return. even if the market is going down or sideways, we look for properties where we can not just add value, but add square footage to the property for guaranteed profits. we are not speculators so we negotiate enough equity into our deals before acquisition. we know our exit strategy when we find the deals and id like to get better at crunching numbers. we aim for at least $50k in equity so if the market were to turn around we can sell it right away without losing too much out of our pockets.
for NOW,
rehabs/retail in CA and cashflow/residual income outside CA
also we can wholesale our deals if we dont like it
for FUTURE,
currently researching on how to do TIC companies associating commercial 1031 exchanges.
id leave the traditional buying and selling for the new realtors coming in.
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