All Forum Posts by: Ameir Gomes

 I see never thought about that, definitely need to look into cheaper markets. Rhode Island is real competitive and has little inventory. I appreciate your input!

 Thank you!

 Thank you for this information, I saw your message and replied back, cant wait to connect with you! 

I messaged you'd back, can't wait to connect!

I appreciate this information, Anthony! 

 Thank you for the reply I’d love to connect with you, I’m from providence just like you and would be open to connecting! 

I appreciate the reply Anthony is there way you can send me the details/schedule of these events. I’d love to attend meet you and hopefully learn and grow as much as possible! Again thank you for the reply, can’t wait to connect!

How are you doing bigger pockets family, my name is Ameir Gomes and I’m from providence RI. I’m a young 20 year old investor and I am fortunate to have wholesaled my way up to $25k. The reason for me making this post is to connect with experienced investors who wouldn’t mind helping me get my feet wet. Like they say knowledge is power and network is net worth! Id love to partner on a fix and flip to learn more on how the process works as well as build long term relationships. I’m also open to buy and holds as well since this is my long term goal. Partnerships, advice, guidance is very much appreciated, can’t wait to hear back from some experts who are willing to help and hopefully be able to work with y’all!

Thank you!

How are you doing everyone I have some questions and also seeking advice and guidance on a potential wholesale Sub Two deal. I'm new to the game and was brought this property as a potential deal for a cash buyer of mine. I get the concept and what Sub Two is but not sure how to structure one fully especially since I'm planning on wholesaling it. The seller has 3 terms written up (provided below) and what he wants for a down payment, interest, monthly payment etc. He's motivated, and open to negotiation on what he'll take for Sub Terms. I also have a retail buyer in mind who specifically told me Seller Finance/ Sub Two deals is what he's looking for and is interested, but I just don't know where to start per say. What would you all do in this situation and what terms would you do for something like this?

Sub Two Terms:

1. $70k down 3.5% interest $767/Mo for 84 months

2. $60k down 4% interest $895/Mo for 84 months

3. $50K down 5.5% interest $907/Mo for 96 months

Home Details:

The seller is asking cash $130k if I were to purchase the property flat out without any Sub Two or creative terms, but he owns $70k on the property in back taxes. The home is pretty much completely rehabbed, and it will need no more than $10k (Maybe Less) in work be rent ready and cashing flowing at $1.1k-$1.3k month to month with an ARV of $140k if fixed to be flipped. Let me know what you all think are the terms above reasonable, completely off, or perfect for this deal. Throw some feedback at me, I'd appreciate it and I'm open with all ears to anything you all have to say.

Thank You