All Forum Posts by: Darren Nardo

Before I am able to fund a deal myself, what should come first? Let’s say I found a great deal but don’t have the money to fund it myself. Would it be recommended to have lenders/loans lined up first? Before taking action on the property? Is there anything steps I can take in the mean time? Thank you!!

@Josh Parra I have purchased 4 books and listen to podcasts daily... but I can’t ask a book or podcast a question so I post in here whether I know the answer or not. I have the funds myself for 20-30% no problem. I’m just trying to better understand the lay out of a deal. Thank you brother

@Troy Marschall and DSYR and CoC?

@Troy Marschall can you define PM fees? Sorry

Before I go to investors, private money lenders etc. Obviously I am going to create a business plan. Does the criteria you are targeting depend on properties in your market/area? What is the best way to go about a business plan as a starter? Business name is thought of etc. I also understand creating business plan can take up to about a month.

While investing in PA and looking for a deal... what is the range of down payment you may put down? And if so then I assume you will just finance the rest? And then find a lender or investor to pay for the rehab? Thanks guys

I feel as though this may be an amateur question or somewhat common sense. All opinion is appreciated. So obviously, we have our family/friends who we would go to first. I even think I could use myself as I’ve been self disciplined and saving for this stuff for years. But for real money. What is the best source to meet investors? Get in the works with investors? I also understand that if the deal makes sense and will be profitable, why wouldn’t they want to have apart of it? Thank you guys!!!

@Jason DiClemente sorry for the late response. The end goal is really just to be able to build up our worth to where we can start having rental properties under our belt while still rehabbing and flipping. Just trying to generate passive income.

So my partner and I are in a big debate. People have their different opinions and my realtors friends and the people I talk to all have different opinions. Any response is appreciated. We are looking at multiple properties. Some with tenants, some without. Some people suggest buying a home, rehabbing it, selling, and reinvest the profit. Some also say so buy a property with a tenant, fix it it, sell it. I’m more so attracted to multi-family property. We are also looking at a duplex. As our first deal I’m looking for the best option so we can get moving, save profits and add more and more properties at a time into our portfolio. Thank you all so much.

@Jeff Filali thanks Jeff! I will be looking back on this reply as a reminder. I hope I can come to you with further questions.