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Updated over 5 years ago on . Most recent reply

User Stats

54
Posts
19
Votes
Joseph Gambino
  • Rental Property Investor
  • Mobile, AL
19
Votes |
54
Posts

New to BP! Starting my RE journey now and closing my first deal!

Joseph Gambino
  • Rental Property Investor
  • Mobile, AL
Posted

My name is Joseph Gambino, I’m new to BiggerPockets but have been listening to the podcast for awhile now. Try to get atleast two episodes in a day. I’m closing on my first deal in Fairhope, Alabama. Fairhope is a high end community, expensive, and touristy. My family owns a small restaurant doing $1mil+ a year in the heart of the town (local population 14,000 give or take). Small cottage, 598 sqft, getting it for $63,500 (was listed at $72,500) with seller replacing the whole A/C system (compressor, condenser, air handler, furnace, heat pump) and him paying all my closing cost. Looking at $415 for mortgage and should be able to rent it for $750. I can put myself around in the greater Mobile, AL area. Ready to learn and eager for more deals. Looking forward to meeting as many of you as I can, thanks!

Most Popular Reply

User Stats

21
Posts
12
Votes
Lee Waldrop
  • Property Manager
  • Mobile, AL
12
Votes |
21
Posts
Lee Waldrop
  • Property Manager
  • Mobile, AL
Replied

@Joseph Gambino Would love to connect, congrats on your first deal! I live in Fairhope and work primarily across the bay in Mobile.  If you're looking for more deals or just have general questions about our area, please PM me. We wholesale, manage, turn-key & flip homes primarily in Mobile, and working on a flip now in Fairhope not too far from your family's restaurant. 

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