All Forum Posts by: Alfredo Sanabria

last time i was in evansville i did go to 3 local banks and was told the same by each one.

1)I'm a out of state investor

2)Property's are in LLC .

3)don't live in Indiana. bought Two single family and sold one and presently own a duplex w/ tenants. And a single family completely renovated. ready to rent or sell.

I'm a out of state investor, opened up an LLC. bought property in this LLC Free & Clear and now need money out of these property to pay off some loans and bank is telling me that after Covid they are not giving money out. Has anyone else expericing this? if so how can i pull EQUITY out of my properties?

Hey Dinara, just wondering did you find a contractor in Indiana? I’m also looking for some help on a duplex that I bought in Evansville. 

Thanks, that is my goal and after the sale of the property I will go ahead and purchase a small single or duplex and show my wife how it works ,she would then understand the real concept behind the whole industry.. I thank you all for your input and can’t wait to post and share my first deal on BP...

Father-in-law is 76 and would like to distribute the money from the sale before he passes not that he is ill or anything, but not utilizing other means of legally putting it in writing for that process when it comes..  my wife feels she doesn’t want to ask or take any risk so I’m really going against the current here. I promised myself once this he sells the house that will be my final push to go and do things on my own.. I will take money out my 401k and 457 and go out and buy a single family till I can get momental to eventually get my own multi-family, I will not give up with or without her by my side...just thought this would have given me the experience and confidence to start my investing career...

Hi Guys sitting here watching my father-in-law trying 2 sell his three family building, in Bklyn,NY trying to explain to my wife that this can be our opportunity to start buying and holding Realestate, but she can’t see what I see... he is asking 1.1m but value is 1.2-1.3 retail I’m talking to all these investors calling for the place, Feeling I can’t do anything to keep this place. I thought of borrowing 150-200k to renovate the place.. then renting all apts the area is up an coming so it can fetch 2,300-2,500 a mth then getting a loan from a bank showing rental income but there’s no convincing her about the process. I guess I’ll sit her and watch as the great opportunity get bought buy some else ...😩  Un-real!!!