All Forum Posts by: Angel Vazquez

Angel - I would increase the interest rate to about 6.5% if going with a bank/credit union and perhaps 5.5-6.0 if using Fannie/Freddie loan. I would also suggest a slightly higher management fee (6%) as well as adding in some costs for water/sewer/garbage. Could still be a very solid deal afterwards, but probably worth adding in those costs. Good Luck!

I have private money lenders offering 100% financing at 5% for 25yrs. yes the management fees are normally 10% (that was my mistake).

0 Votes

Philadelphia, Pennsylvania

Quote from @Nathan A.:

The things that seem unrealistic to me here are 100% financing at 5% and management fees at 5%.

I have several Private money lenders offering 100% @5% for 25yrs

0 Votes

Philadelphia, Pennsylvania

View report

Good evening, all, would like a little help on this deal. Haven't started it just doing the numbers. for me it seems like a great deal. Of course, there could be more profits if i had a partner to help with a downpayment.

*This link comes directly from our calculators, based on information input by the member who posted.

0 Votes

Philadelphia, Pennsylvania

Need help with a deal. got a house selling for 189.9k. homeowner owe 142k (they are financing from previous owner). they want 142 to pay off the debt + 5% realtor costs and a bit more to use to get into a rental. realtor gave me comps at 215. I don't see much room to make the deal happen.

0 Votes

great video @Jerryll Noorden. very helpful and informative.

1 Vote

Quote from @Eliott Elias:

You don't need a mentor to find your first deal. Go find motivation, wether it be a foreclosure, death in the family, or any kind of motivation to sell. Get your name out there and make it know you're looking for deals. Mentors are not going to give you deals

ok thank you

0 Votes

Quote from @Eric Michiels:

Hi Angel this might not be the advice you are looking for but I would highly suggest to start with a Single Family home first. This will much easier to navigate and less risky. After that you can jump on bigger deals.

If you are interested I would be more than glad to mentor you in the process. DM me or we can arrange to have a call. I'll be happy to talk to you.

Eric

thank you so much.

0 Votes

Quote from @Eliott Elias:

Be more specific and intentional with your goals. Do you have the deal? What kind of financing do you need? Why do you need a mentor?

thanks for the heads up

0 Votes

MY goals are financial freedom and passive income. that what I want so I when I retire I can live a more comfortable life.

I have found several deals, not sure how good they are. They seem pretty good. Have nothing under contract. Most are min 4 apartment units in Baltimore, Washington DC area ranging from $1,000,000 to $2,500,000. Also seen others a lot cheaper.

AS for a mentor. just looking for ways to learn the ropes, per say.

0 Votes

wow, thanks for the advice. i will check those books out.

0 Votes

All Forum Posts by: Angel Vazquez

Angel Vazquez has started 3 posts and replied 12 times.

Post: [Calc Review] Help me analyze this deal

Post: [Calc Review] Help me analyze this deal

Post: [Calc Review] Help me analyze this deal

Post: Help with a deal in Holly Hill. between Ormond and Daytona

Post: Wholesaling To 7-Figures Explained

Post: Rookie soon to be Real Estate Investor

Post: Rookie soon to be Real Estate Investor

Post: Rookie soon to be Real Estate Investor

Post: Rookie soon to be Real Estate Investor

Post: Rookie soon to be Real Estate Investor