All Forum Posts by: Anthony Certonio

Awesome. Thank you for the help and info. 

@Steve Vaughan Thanks for getting back to me.  Yes I assumed they did and rightfully so.  So basically, Coming to the table I would have to have enough cash to pay commission and the $$ amount the seller wants in their pocket and whatever the rest of the closing costs would be like title and such.

@Account Closed What is JV investor? (Joint Venture)?

I ment to add some Keywords as well Like Atlanta, Georgia,

Hello All,

I had a random question that I don't believe Ive seen on the threads.  If there is a property being marketed by a RE agent, and I ask the seller if they are willing to do Owner financing, does the RE Agent still get their commission.  I hope so, but not sure.  I am curious and want to make sure that I account for it in my numbers.  Thanks

Hello Fellow BPer's

First a little bit about me.  I am an OEF veteran. After that I got into the mortgage business in April 2006.  I initially started off working with investors but eventually switched to a company that had an abundance of leads.  Started doing pretty well until it dried up and finally had to get out summer of 2008.  I had a baby girl born in 2008 as well so with the new baby and the drying up of the business, I lost everything.  I had to move back to NY and I started over.  I returned to school and became an RN.  I recently moved back to GA (loved it here when I lived here 2003-2008)

Now that I am back in GA, I am looking to buy my first investment property. I've worked on my credit over the last few years and have got 2 of my scores up almost 200 points to the 750+ level. Being that I am a veteran, I am looking to use my VA loan since it is no money down. I have saved up about $12K and would like to put that to work as well. I want to buy a multifamily property to minimize my monthly expenses, and also because this is the niche I would like to focus on as the primary investing vehicle.

I would also like to do the occasional flip to help provide additional capital to put towards future purchases of buy and hold properties.  

I am currently seeking a mentor.  I would love to get in on a flip project to see the ins and outs, swing a hammer, learn about rehab costs and what to look for.  I can offer some funds towards the deal.  Learning and gaining a small profit.  Also, I am looking for someone to teach me about rentals.  Maybe assist me in finding a great multifamily property.  I have been playing with the Rental Analysis tool (its a lot of fun and great learning exp) but real life experience is always a great thing. 

I read several hours each day, mostly on this site.  Between all the keywords I have set up, there is never a lack of reading material.  Also I am currently reading Brandons No/low money down book, making my way though his Best books list. I listen to 2 Podcasts a day and I catch the webinars.  All the while trying to do as much OT at work as possible to build cash reserves.

Thanks again in advance.

I'm really excited for this. I was supposed to be going in for OT tonight but got put on call instead since the census on my unit dropped. Little upset for the loss of money but believe this is a blessing now that I can watch. I am looking to purchase my first REI and need/want it to be a Multifamily. Can't wait.

I am very interested in this post as I am planning on using my VA loan for my first REI purchase of a multifamily. look forward to more info.

Awesome. Congrats on your success. As a Navy Vet, its great to see you using NFCU. I am new to REI and recently moved back to GA where I was once stationed. I hope to get a multifamily soon, one that I can live in. Unforn one thing I found out by reading through the VA loan guidelines is that in order to use existing rents to help qualify, I need to have 12 months of landlording history. This of course has set me back some in my plans. I am trying to figure out a way of making something happen. I look forward to your next deal post.

Wow.  Awesome.  Congrats on the great deal and thanks for keeping up with the thread and closing the loop.  I look forward to your next deal.