All Forum Posts by: Cherly Lare

Hello,

If I make a cash offer at a ~15%-20% of the asking price and buy the home. Can I then get a loan to get my investment out?

For example: A property on short sale for $100k (market value $135k) and I offer $$80k cash. Once I have the title, can I then get a loan based on the home appraised value (equity) for $100k?

Thank you for your help!

@Derek Carroll  thank you! I will definitely take up on that.

Thank you everyone! I am spending time this month reading all the recommended books and articles, setting up my keyword alerts, listening to podcast and reaching out Amanda Han.

I appreciate all of your comments!

Hello BP!

I am CPA ready to start and grow REI company in Upstate NY with my husband to supplement our income and eventually do this full-time. We are both new to the real estate market and we are seeking advice as we establish our company and portfolio.

Our goals for the rest of 2014 is to learn as much as possible about the real estate market and establish our company. In 2015 we want to purchase our first properties. Ideally 1 SFH and 2 multifamily and hit $1000 monthly net cash flows.

Currently, we want to create our LLC company and start getting some financing. We would apprepriciate any advice or help from the Pros in this community

Looking forward to learning and growing!