All Forum Posts by: Elisabeth Hernandez-Madrigal

Starting to branch out and offer bookkeeping and general administrative services.in my local area of Houston, Texas (Reside in The Woodlands, Texas).  Want to get familiar with the ins/outs locally before branching out remotely.

I would like to offer a win/win situation at this beginning stage.

To offer my services in exchange of mentoring in real estate investing and build my portfolio in clients and grow my starting business.  I am working full time and starting my bookkeeping  business.

Any suggestions on best way to do this?

Is a barter service type scenario too far fetched?

I have worked in the construction sector for most of my life.  Want to get my foot in the door in the real estate side of bookkeeping as well as acquiring knowledge towards my first rental property.

(Please review my profile as it shows glimpse of my resume)

Thank you in advance.

 I'm learning.  I have asked to have contract/sell price amended to reflect appraised price, and take it from there.  I am hoping I am not competing with a cash purchase, but one never knows.

Hoping for the best, but preparing for the worse so it doesn't bruise too much.

Thanks @Elizabeth C

If this falls through will definitely look closer to home.  

Thanks for the advise!

@DavidR

I do hope that is not the case here, (and that lady should have took you up on meeting her half way).  

Will definitely post the outcome!

@Larry Turowski 

 Yes, I would have to come up the difference which is not something I have the luxury to do or want to do.  I don't want to be in the hole closing this deal.  

I went ahead and asked my Realtor to do an amendment for the appraised value to send to the seller and go from there.

I will have to walk away if it does not go my way.  I will however run the numbers again and see if it does cash flow to merit over payment.

Thank yoU!

Good afternoon everyone!

Property:  Original sell price $52,500, negotiated price down to $50,500.

I am in escrow on the property (Purpose is Lake House Vacation Rental).

My question is this, we just received the appraisal back coming in at $45,000.  What are my options if the appraisal value comes 6,000 under the seller's asking price?

One, I would not have the luxury to put down an additional 6,000.

Feeling a tad bit gutted on my first place.

Thoughts? Recommendations? Suggestions?

Thank you in advance for any help.

Elisabeth Hernandez-Madrigal (Newbie)

Welcome to BiggerPockets Rafael.  

If you get a chance, post your before and after pics of the rehab on the forum.

Best of luck to you!

Lisbeth

This is truly amazing! Way to go Michael!

Welcome to BP @Bill McGrath ! Fellow Californian here relocated to Texas. Aren't the BP podcast addicting though?!?! We are at similar stages in regards to RE. I am looking forward to posting my first investment come Jan./Feb.! Good luck in your journey and definitely keep us posted on your progress.

Bless,

Was wondering what that was. Figured I had changed something without even realizing it. Thanks @Brandon Turner .