All Forum Posts by: Austin Kuritz

Thank you guys for the awesome feedback on my situation ill defiantly get the multi-family forums, very helpful tips thank you

Hello BP, I work with someone who owns a commercial property (14 unit) in trenton mi, 48183, brownstown township area, and i believe he's renting it way below what he could, theres a lot of value add. dont get me wrong he keeps it nice with turn overs, reapainting, flooring, etc. however there's things like heating and cooling that can be updated, the exterior still has lead paint that is pealing off. what im curious about is that i might want to see if hes interested in selling, he's close to my dad and he owned this property for awhile and self manages it so he might be more motivated tp get rid of it. i guess the question im trying to ask is how do i male sure how much the property worth. i listen to all the podcasts and read a few articles, books, etc and i know that commercial property dont go off comps but how do i really understand how much i could pay for it. also any pointers or tips are very appreciated. im also open to partner with someone to get the hang of things. looking forward to all the feedback! :-)

Congratulations, i been educating myself for way to long and i know i need to take the leap. but i cant make up my mind on going into rentals straight away or try to go into flipping my first few properties to build capital. i have very little to no money ($3,000ish) however where im from, and with a little creative thinking, i found a couple strategies to get where i wanna be. sounds like your doing very well, this is very inspirational and really gives me motivation to go out there and pull the trigger.

I have a deal im negotiating that i think i can pick up for 52k in st clair shores, MI 48080. 85-95k is the ARV and can sell fast. It already has updated plumbing, electrical, and a new furnace as well as some appliances like dishwasher and disposal. new central AC is also in place with an attached 1 car garage that can fit 2 cars in it. the fascia needs to be fixed on one side of the garage also the roof needs to be repaired in some spots. other than that not really much i would need to do other than a full gut in the bathroom and open the wall that seperates the kitchen and living room to have a sit down counter with cabinets above. then from there its just cosmetic, paint and flooring. its a great opportunity for great profit i can get funded by a HML but i wont be able to cover the gap funding. would anyone have recommendations on gab lender's that would help with this project and come in at a 50/50 partnership? i would really appreciate the help!

thank you guys it helps a little. However, i have been reading a few books but i will definitely look into those ones as well. I've also listened to all the podcasts. And chris i really love that you mentioned the house hacking method because thats really what i plan on doing with my first by and hold. If any of you can please contact me to talk further and help out i would greatly appreciate it. If not, i respect your time and i appreciate you taking the time to give your feed back as well.

Im just going to keep this short and sweet. Im new to investing and im looking to try and get my first deal done. However, i need a a deal in the first place. How should i go about doing this?

What are the questions i should be asking? What should i look for? Is there a way to make sure you're getting what you want? How do i figure out if my market is good or bad?

Im looking to invest in buy and holds. Im also trying to get into wholesaling. Any feedback would help thank you.

Austin

thank you Stephen for that information. I appreciate the pointers and it will definitely be effective for me moving forward.

Hello BP community,

I have been really looking into wholesaling as a first strategy for getting started for investing.

Things that worry me that i would like to know is any hidden expences or fees that occurs during a wholesale process. For example, when locking up a deal under contract, do i have to pay any out of pocket expenses? Or if i lock up a deal and cant find a cash buyer what happens after that as far as the contract goes? Do i just loose that deal and walk away or do i have to go through anything that might cost me?

Any help or information that can be brought my way is appreciated. This has just been worrying me a lot and i need to know how that all works.

Julie im not sure why that is. My profile isn't private or anything. I believe in order to do that i have to be a pro member.

Hello BP community,

Im Austin, 19, and im a new investor with no experience, no credit (working on getting approved and building it up) and low money (full time job steadily building into my savings).

I've really been working hard on educating myself on investing. I been caught up on listening to podcasts and reading all types of educating real estate related sources/books. But i think it's finally time i get a little dirty and get hands on.

I feel taking action is my next big move towards finally fulfilling my goals. One of my goals is to get hands on by the end of 2016. 

Therefore, being that i have no experience, credit, or money, all i really bring to the table is my determination to learn and being that im still young i will be able to get things done if needed. So if you come across my pitch and are willing to bring me on board and help get me to my goals i will be incredibly grateful.

I live in Carleton, Michigan and can be mainly useful in the wayne county areas.

I want to give Bigger Pockets a huge congratulations as well. Its an incredible tool for real estate investing and i have learned and gained so much from this source.

Austin