All Forum Posts by: Brandon Ribeiro

ive been working with a bunch of investors in that area. there's a lot of new construction going on around the area. what are you looking for? turn key, or something you can build equity in? @Alice Chau

@Joseph ODonovan I agree. My team has done cash for keys on several occasions. Most of the time it comes down to leveling with the squatter and understanding their situation, then coming to an agreement. If that fails, then ejection it is.

@Ross Yeager

Correct, he said evictions. Squatters are not evicted, they are ejected- which is a different process, just like the other person stated above

@Ross Yeager I’m pretty sure that is referring to section 8 tenants, it says PHA- which is a subsidy program

https://www.biggerpockets.com/...

this might be helpful

@Moshe Jungreis Delco is a great area and Ridley is a pretty desirable. Let me know if I can be of any help!

Update, 3 months in- I have 1.2 million in settlements scheduled for December, and I also work part time with a wholesaler moving off market deals to investors making about 3-4k additional per month!

keep your head up if you're starting out and everything will work out. I've tried staying positive throughout this transition and just grinding away every day working endless hours, but the days seem short because I'm on my own time and I'm doing something I love doing.

So I found myself a financial partner that will pay 100% of the flip. However now I’m having trouble finding properties that meet the 75% rule.

What can I do to improve my search? So far I have only been looking on market. What tricks do you do to set up your mls search to find flips?

@Mitchell Marvin

Makes sense, Thank you!

In speaking to one of my real estate clients, I found out that his mother is wanting to sell her home. I could easily comp it and sell it at 335-340,  however she is willing to let it go for around 300. 

I really like the house and would love to have it for myself, however right now financially I won't qualify for a mortgage being a new real estate agent with less than 2 years of income.

I'm pitching seller financing to them to see if they would be interested in doing that. it would be a 5 year balloon payment on a 30 year amortization.

my thoughts are to refinance it at around 2-3 years and pay her off. what are your thoughts? she would be making more than 300 in the end because of the interest, and I would be able to get a home worth more than what I'm paying for it, and would be able to rent out my current property.

how would this be structured? I've never one a seller financed deal before, if you have- would you be able to walk me through the process?