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Updated over 12 years ago, 07/31/2012

User Stats

4
Posts
1
Votes
Tom Willai
  • Bronx, NY
1
Votes |
4
Posts

Need immediate help, please I live in the bronx NY... (Newbie)

Tom Willai
  • Bronx, NY
Posted

Im 24 years old, my girlfriend is 22 years old, we live in the bronx, ny and live in our own apartment, rent is 900 per month for 1 bedroom, our lease is up in November 2012. We make around 2600 a month after taxes. My dad has good credit, good at fixing things as he is a superintendent. Bird Dogging/wholesaling seems a bit slow to get into real estate but worth the time, just hard in the bronx, and i really dont understand it. I know about arv, noi, and can pretty much tell calculate repair expenses from working with my dad when i was younger. I use to sell used cars from the auction before me and my girlfriend moved, but im looking to invest in something more BENEFICIAL. So here is my dilemma, Should i start birdogging in the bronx ny where houses start at $156,000 fmv for multifamily rehab homes(i also have a cousin in richmond va, but he doesnt have a car right now, i cant put him to work), should me and my girlfriend pack up and move to arizona with her mom, then get a house out there?, Should we continue renting where we are at now(i hate paying rent!) and find something(what i've been trying to do for past few months), should i get my dad to co-sign for a mulifamily? With the deposit me and my girlfriend will have $2000 in november if we move out. If not i still have a 1000 to invest. It feels like i may have to go back to selling cars. i have no kids, my girl friend has 10,000 credit card untouched. my credit is s***. Can anyone help me please?

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