All Forum Posts by: Daniel Raposo

Thanks @Raechelle Carroll I almost didn't post the video because of the sound, but with things moving quickly inside the house I figured it was best to just get the first one done and look to improve on the next one. Will definitely do something to improve the quality next time around, thanks for that link.

As for the donations and such, I think it is really important to not just throw things away. We even clean up and reuse framing, trim, sheetrock, and anything else we can to save.

Thanks @Karin Crompton They say imitation is the best form of flattery, right? Aside from my hesitation of putting videos of myself out into the world I think it will be a lot of fun and show people that rehabs aren't just about putting lipstick on a pig type solutions...

Thanks @Mike Moles 

No money down deals do exist, I have done a couple of them myself. I partnered with a private investor (he was a past client of mine) who wanted to invest in real estate. He put up the money, I found the deal and did all the work and we split the profit 50/50. Don't get me wrong, I have been in construction and real estate my whole life, so I could at least bring experience to the table, but I didn't have to put in any of my own money. In fact, when we closed our first deal I actually collected a buyer commission because I am licensed. No money down deals do exist, you just need to find investors, develop those relationships, and bring something other than money to the table. Don't give up!!

To be perfectly honest I'm not sure. I would assume either iFunding or your CPA would be able to answer that in case you don't find your answer here... Good luck!

When I first leased up my 6 unit in 2009 I didn't do much more than a credit check since most of my applicants had excellent credit. After a few years of catching a couple bad tenants, I always check credit, references, and employment. It is surprising how few calls I get about my tenants when they leave though.

Thanks @Michael Noto  

@Don Harris It has some saggy bones, but more on that in the next video...

As many of you know there is so much more that goes into rehabbing a property than can be seen in basic before and after photos. So for my latest rehab I will be creating a few short videos along the way to really help show and explain what it is we do and how we earn every dollar of our profit. This is the first time I have ever done something like this, so please be gentle....

Hi Anton Reed welcome to BP! This is definitely the best place on the web to meet other investors.

Hi Tia Rubadeau I think you're on the right track. So many people never get started because they're so worried about trying to know everything. And then others plateau because they don't continue educating themselves. Good luck!!

Hey @Colleen Hendrickson 

Welcome to BP and real estate! I think real estate is the best business out there, whether you're flipping, land lording or working on the financing side of things it is just an exciting business with endless possibilities. I don't think you're crazy for wanting to get into real estate.

My biggest advice is to never stop educating yourself, learn as much as you can, but most importantly don't be scared of pulling the trigger. I think the biggest reason most people fail in real estate is because they never get started! It is very easy to get wrapped up in learning and analyzing yourself to death. At some point you need to jump in!!

Good luck!

What I have typically seen with owner financing is that you would need to be putting enough down to at least get them through the purchase without having to come out of pocket. That means paying the legal fees, appraisals, inspections, etc. that you typically have to pay for as a buyer, and giving them enough of a down payment for them to pay for conveyance taxes, capital gains taxes, broker fees, or any fees that would typically come out of the sellers side. While this is what I have typically seen, you can always negotiate these things where they pay for them out of pocket. The other question is how the agent is tied into the deal? Does he have a listing agreement with the seller? Buyer representation with you? These things could factor into him getting paid.