All Forum Posts by: Account Closed
Account Closed has started 1 posts and replied 3 times.
Post: Looking to purchase a multi-family in a new market
- Mercedes, TX
- Posts 3
- Votes 0
So I live in the Lower southern region of Texas by the border (you've probably seen us on Border Wars).
Anyways...
I'm a newbie with no Investing experience, but highly educated in common sense! I also have a determination to get started in this business.
Lately for some reason the idea of building a 4-plex, holding it, and selling ASAP has been so appealing to me.
Now I have a close friend of mine who is an experienced real estate investor. His business is in the building of Single Family Homes and selling. He claims his "team" can build me a 4-plex for about $80k NOT including the land. My bank will approve me with a $40k personnel loan and a lender will provide me with $80k which I'll need 20% ($20k).
So here are my goals and issues.
Goals:
Where do I start??!!!!
~any help would be greatly appreciated Thank You~
Post: How I Made 12 Deadly Mistakes & Still Broke Even on my First Deal
- Mercedes, TX
- Posts 3
- Votes 0