All Forum Posts by: Axel Enriquez

@Landon Bleau thank you, I personally have never brought a partner into any deals in this time of way. So how would the deal be structure between us? How does the partner make money how do I make money? Im more than willing to do all the work. But I want them to get a far compensation because without their down payment I couldn’t buy the property

And to whoever else reads this please feel free to share how y’all structure your deals with your partners or any or methods that y’all use

@Landon Bleau thank you again for taking the time it’s greatly appreciated

If there is something I can help you and your business please let me know

Hello @ Sean McCarty best of look to you my friend I highly recommend The book on rental property investing by Brandon Turner and David Green’s book on long distance real estate investing

HELLO BP Community so I’m trying to get into more multi family deals like 10+ units I can get financing for them I have a lender who is will to work with me, but the problem is coming up with the money for the down payment. I have limited capital. But where there’s a will there’s a way. Has any one done deals with none of there own money or with no money down? If so what kind of strategy did you use? How was the deal structured? Would love to hear your story and your success, and any lessons you may have learned

Thank you to everyone in advice

Hello BP, so I want to start investing in my home time. It's a very small city in Alabama,but I'm really have trouble figuring out how much rent goes for. Making it difficult to analyze deals for me I've asked local land lords and the ranges are all over the place for example I asked one and he said he has had this tent for 8 years and the tent pays 450/mo without bills and wants to sell me the SFH for 69000 a basic 3/2, but there is this other landlord who has a SFH and it rents for 750/month with bills included and has had the tent for 3years in it, it's a basic 3/2 and they are less then 10 miles away from each other now I know I have only given two examples but I have asked multiple people and it's all over the place. I tried rentometer but I guess the town is to small no info. Facebook marketplace for rentals but same thing I've check multiple times Over the last couple of months and no listings I checked Craigslist and no listing there either have checked Zillow as well but noting. Any suggestions or advice has any dealt with a similar problem. I really like that's town it's starting to grow fast now lots of new business and commercial Real estate buildings are being built. Feel likes there big potential but would love your help and advice. Thank you in advance to everyone who responds and reads this post.

Dennis Wayne and Becca Summers, thank y’all very much I have the title company all lined up for the transaction and felling a whole lot more confident doing off market deals. I will not loss this good deal because of fear thanks to y’all. Thank you for you time 

Hello BP I have finally got an off market deal and never done an off market deal before, the seller accepted my all cash offer, my questions for everyone is what now? How do I ensure the property is actually his to sell and that I get the property in my name and basically don’t get my money stolen

Hello BP community,

So let's dive in, here is a little about me, I have done a couple SFR before in the past but what I really want is to do is large Multi-Family, there is this 40 unit apartment complex in one of my markets I'm quite familiar with the area. I believe I can get the owner to do a 20% seller carry for the down payment and 80% bank financing. Took the deal to my local bank waiting to get approval. So this would be my first apartment complex, any advice anything that you could recommend I do especially during the due diligence period, anything that a newbie may miss. I have gotten rent rolls and requested financial statements for the property to verify that they are actually getting what they say they are getting. Still waiting on them. Of course I'll verify tax records and get quotes from my insurance agent for the property you know the basic stuff. But what else? What else I'm I missing what are some areas in this niche of real estate investing that need special attention, a deeper in depth look at?

Thank very much in advice for your time and for sharing your experience and knowledge with a newbie

@Anthony Dadlani

Thank you so much for your advice and for taking the time, greatly appreciated

Calling on the BP community's superior minds. So my question is, should I buy an investment property that all ready has a tenant. But let me give you a little insight in to me, cause I know it depends all lot and on my specific situation. I am looking to buy my FIRST investment property, and I want to use the BRRRR method. Ever since I heard of it I fell in love with this strategy. So I found a couple of properties that need a good bit of work, but there is this one I really like in a great location but it has a tenant in it all ready. The tenant is paying about the medium of what rents going around my area. I want to renovate the property to increase the value of the property and get as much of my initial investment out. And I don't care if the tenant stays or leaves when I raise the rent a little for the newly renovated home, but can I even get them out so I fix the place up with all this covid stuff going on, do I have to spend money mroe to evict them? Or as a new investor should I just avoid a property with a tenant.