All Forum Posts by: Connor Williams

So I came across this property thats a 6 bedroom 4 bathroom 4,000 square foot home for 399k.  Prob needs a good 25-30k in basic paint the whole house, rip up the carpets upstairs and replaced, new appliances and then a few other little things.  Electrical wall plates replaced and such and the comps are in the high mid to high 5's.  Question is, would you entertain a house like that being that its so large that your pretty much narrowing down your target market by a large margin, as most people are in the sweet spot of 3-4 bedrooms?  Feel like your cutting out a HUGE chunk of potential people and the carrying costs and DOM might be a little high.

had a great time meeting this new group, cant wait for the next one!

@Darren Eady any specific legal document, or just staring simple agreement terms signature etc on a piece of paper?

Hi, ill keep this short as im sure there are plenty of the same posts, as I have come across a few. I have a friend that's wanting to lend me 40k to put into a fix and flip..... What is the best way to draft a contract/agreement with him in order to keep everything safe and the best interest of both parties? when the agreement is settled, would i have him combine his funds with mine in my business account, so the HML would see the total funds that we have available? Interest? Would he get say 8-12% interest on his money? 8-12% of the profit + his original money back? Thanks for the help in advance to one of the greatest communities I have found for help with my real estate needs! :)

I am looking for wholesalers in South Florida specifically anywhere from Palm Beach down to Miami/Dade.  If you know of any and could send me a message or post some websites I would appreciate it.  I have found a few on my own, but always looking for help from the community!

Delray Beach Here!

 We're going in it together as in hes doing the the cost aspect and I'm doing all the grunt work. So 100k combined I guess you could say.

So just starting out and have been exploring my options about how to get money to buy my first investment property.... I'm currently living in delray beach Florida and am looking in the surrounding areas... I have 20k in the bank and just got approval from a HML for 80k, which is good but was hoping for more. I guess my question is to you, what would your suggestion be for me at this point in time? I don't think that's going to be enough money to fund a project. My father is a contractor and we would be going into this flip together. Anything helps and im urea I'll expand on the topics as the responses comes in!

Thanks :)

 Well I guess I better start gathering my list of brokers and get to calling!  Exactly, the first to speak, that's why it's always wise to be a great listener.... Listen first... Speak second! 

Thanks for the kind words, really appreciate it! Where would I be able to get a list of all the REO properties in my area? Banks? Cash for home ad is a great idea, didn't put to much thought into that avenue yet. I have tried to contact a lot of brokers/agents in the area and it seems as if nobody is motivated to contact me back, which is strange, but will keep on keeping on until I find the right one!

Its funny you say 5-7 years because that is what I had in mind for a long term goal. ;) I also have been looking all over to find different REI meetings and what not to network that way and meet with like-minded people, as you never know who you'll end up running into.