All Forum Posts by: Darren Nardo

@David Abbate I don’t know if what I’m saying is the wrong answer but I’m not saying the cash I’m ready to use is all my money. What I’m comfortable with paying for rehab I know is enough to cover what a rehab cost would be in my area. I’m comfortable with myself to get a deal done where I would hope stuff wouldn’t go wrong but you never know. I’m saying if a deal were to go south, I’m not using all my cash so if I had to make up for a loss etc I’d have cash to back myself up. No one wants to lose money but we learn and go on I guess. I’m just looking for advice to move forward (I am still new so I appreciate your response). Thank you!

@Todd Rasmussen I agree it’s harder but they’re out there. I don’t have a problem with partnering and financing a property. What I’m saying is a lot of properties that I’m putting offers in (with someone else’s purchase price money) is needing financing, and a lot of properties are being bought cash so it’s frustrating. So I’m really asking on strategies to find people that can pay cash and that are ready to go. Thank you for the response

@Greg Dickerson I appreciate your answer - I’m honestly not attracted to or interested in wholesaling. In my area a lot of people are “getting interested in real estate.” But they want money fast and they think wholesaling is the fastest way do it. There’s so many people doing it I’d rather do it differently. I have 1 flip under my belt so far and I’m just looking to move a little faster. People have said flips aren’t worth it. I’m not necessarily looking for flips, i more so posted this in the flips category for answers as I’ve posted it in other categories. But thank you seriously I appreciate it, I will continue to read over the response you gave me and move forward.

Hellloooo!

I’m looking for advice.

I’ve been talking to a few people about this but not many have the best answers and if they do it’s the same. I have hard cash and I’m looking for something to do with it to take me to the next level. Having common sense I figured I’d just meet people or friends/family who want to get invested in real estate. I am talking To them about using their money for purchase price and my money for rehabs. The problem is most of the people I’m meeting with don’t have money to buy cash and a lot of property around is being bought all cash.

Does anyone have other ideas of ways to get into real estate using hard cash. I feel like if I keep looking and networking, I’ll eventually find someone ready to go. But until then I figured I’d try this for people’s opinions.

@Merritt S. Why good luck with that? I’ve heard many challenged appraisals go in the favor of the seller. Obviously the more obvious it seems is easier. But it’s an option.

@Jay Hinrichs so what advice are you giving to do with the $500k cap? I always read and make sure I understand your comments. Are you saying it’s just safer and smarter/realistic to (if given $500k to buy) buy good properties that are worth and will cash flow quicker.. as to buying crap, low income properties that aren’t garunteed to even make money or be worth the investment?

@Geordy Rostad not super set in what escalation clause is so excuse me if I’m wrong but is that when there is essentially a cap a buyer can set they will pay X amount and if someone offers more, they will pay More than that amount also? If so, not too much. Not sure if it’s a good stately as a home buyer or not. What do you think

@Geordy Rostad amazing thank you. I do plan on living in the property for atleast a year. I got a word that offers weren’t even out of the 60 thousands yet.. so I went 78k offer and we will see from there. I’m just scared someone sees how good of a property it is and comes cash. But there are plenty of properties

@Dan Maciejewski that is genius haha

@Yunier Acosta Buy, Rehab, Rent, Refinance, Repeat. David Greene wrote a book that’s pretty good for understanding.