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Updated almost 10 years ago on . Most recent reply

User Stats

86
Posts
11
Votes
Alfonso Velazquez
  • Rental Property Investor
  • Staten Island, NY
11
Votes |
86
Posts

newbie disorganized hell

Alfonso Velazquez
  • Rental Property Investor
  • Staten Island, NY
Posted

just a rant must vent I guess. I'm new to the investor seen and some of you guys may kill me here but I did purchase and am enrolled in a coaching programs right now. the program is good from what I would decipher to be good, but my main reason of joining the program is because they offer funding. Wish I would have knew about this site first. The funding terms are nuts but I figure it would get me right into the mix of flipping. For some that are wondering what the term of the funding are:

must meet criteria of 65% arv

1500 underwriting fee

375 appraisal fee

200 approval team fee

6 points 

and 30% profit. 

Plus monthly interest payment 

didn't know about all them fees before I signed up to the program, nevertheless I'm in it and going to find a way to make it work. Doesn't help that staten island market is no cake walk. But I digress, what is really driving me nuts is trying to organize my process so as not to feel overwhelmed, I've started my llc started A newsletter feed to send out to those Im now having someone create me a landing page for leads and all while not seeing a single house yet. Trying (a word Im aiming to rid from my vocabulary "trying") to stay positive among all this confusion is what gets me down the most... like I said just ranting probably no cohesions of thought but I known or at least I hope they have been other like me.

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