All Forum Posts by: Arpan Gurung

@Ori Skloot great job man. I m really impressed how you leverage all your work . Also the lessons those kids are gonna learn will be so valuable in their future. Just had a quick question. How do you find the contact info of the owners of the house if it is abandoned ? Thank you

@Maxwell Milholland realtors always work for you brother but like someone said, they don’t like to ruin their reputation. 90k on a 100k property is not low balling. Get a different realtor. I know the feeling. Also yes when you only put 3.5% down, the cashflow Is goIng to be low or negative. Try savIng more money. Get a sIde hustle, be frugal and start savIng money for a 20% down. But here is the answer to your question if you don’t want to do the above. Get a NEW REAL ESTATE AGENT like I m doing. He/she will be new so you have to know your stuff . THEY will be lacking experience and a little knowledge but they will be more than willing to learn and take chances. My realtor doesn’t mind making offers that I ask her to. She is very willing to learn In the process. Also I don’t low ball like crazy which in your case should be ok. Good luck brother.

@Brad Tom you have a good point too. Business is business. I ll think about it. Thankyou

Thank you guys for the knowledge.. I won’t do it if it hurts my loan officer or my broker/realtor . I have really good people working with me and I wouldn’t want to lose them. So I will have to fund it with either private money or hard money lender in this case. Appreciate the knowledge you guys are sharing and I m learning so much. Thank you all.

I was wondering, can you buy a property and flip it just a little bit and sell it for a small profit with in couple months? Does the bank allow you to do that if it’s a conventional loan or does it have to be your own private money or hard money lender? Is the conventional loans only for rental properties? Or how long do you have to hold it before you can sell it? Thank you for the answers in advance

Michael Quarles I am not able to use the fastweb.

So I m just starting out and I m trying to get my first investment property. I m working with my realtor trying to find good properties and also I have been driving around for distressed properties. I found a house in a good neighborhood that looks like nobody lives there anymore and the lawn is overgrown and the property is just not taken care of. My big question is how do I find out what the actual address for the property is and how do I figure out who the owner is and his/her contact info? Also I have listened to the podcast and remember BP talking about direct mails. Do I just write a letter saying I want to buy your house and send it to their mailing address or leave it in their mail box? I m really new to this and I apologize if I sound stupid. Thank you all in advance. Your answers will be highly appreciated.

If my room was 80 degrees all the time you would be getting calls from me too. Sorry but that’s the fact. And like everyone else suggested, get the room rent ready first so you don’t have to go through all of this again and use every little thing you learned through this experience and apply it next time. Don’t let other people tell you what you can do or don’t, but like I said if you don’t learn from your mistakes and put your foot down, you shouldn’t involve yourself in this business. Good luck man.

Thank you so much guys. I really appreciate all your answers. This really helps. You guys are awesome

@Kyle J.thank you. Makes me feel a little better now for sure. I was just trying to make it too complicated I guess. Thank you again.

@Brandon Carriere wow a lot of good info. Thank you man. I appreciate that. I think you talked about going into foreclosure. So short sale is not something that has gone to foreclosure yet??? And do I have to look out for any liens??

Again thank you so much for your reply guys.