So much Cash Flow!

started out trying to flip a property, but because of the market, I decided to buy a property and hold it for a while. There’s a lot of competition with other investors, so I’ve experienced a lot of hit and misses. I discovered a great area to work in, and purchased a property for $135K. It has a lot of room to appreciate fast over the years! I ended up putting between $5K to $6K into it before I could place a renter into the property, but I am cash flowing $200/month from an Orange County property. Just two years ago, this same property would have sold for $350 to $400K. I have decided that this property might be a good one to hold because of the stable rents. Once it’s paid off, I will have straight cash flow. If I can get a couple more of these great properties, I will have some real cash flow. It took a lot of work to get this property, as other investors have realized how great this area is and are starting to eat them up like candy. I had to figure out what they were doing, and adjust my techniques. These strategies work!

Before getting into the Armando Flip and Grow Rich Program, I didn’t know anything on the investor side—how to flip, work with foreclosures and short sales. Learning these strategies has been really helpful.

I relied on the Resourceline a lot through the program. Kristiin was very helpful. I felt comfortable talking with her because she was never intimidating. I leveraged my home to purchase the property, which was something that I didn’t want to do, but once I did it, it wasn’t so bad. The next property will definitely be a lot easier. I’ve found a good agent to work with who is willing to put in low ball offers for me, and make me not feel like I am wasting her time. I would encourage others to find a good agent to work with, as it’s a key factor to success.

SHORT VERSION:
I found a great area to work with in Orange County. I purchased a property for $135K and, put $6K into it. Two years ago, this same property would have sold for $400K. Because I got it for such a great price, I am renting it out—getting $200/month cash flow, so will probably hold onto it as a rental, and get several others just for the extra revenue. Once they are paid off—it’s straight cash flow! The strategies I have learned through the Armando Flip and Grow Rich Program work! The Resource Line has been very helpful, and I would encourage others to get involved as well, and find a good real estate agent to work with, as it’s one of the key factors for success!

-Doug in CA