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All Forum Posts by: Dashon Jones

Dashon Jones has started 9 posts and replied 78 times.

Post: Moving back to New Jersey with no job

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

Welcome back. You can definitely start as a whole seller which will require more foot work but it will be less money out of pocket up front until you build up your capital to do those investments yourself. I will be interested in buying those deals if they are good and I know a lot of other people that will too. God luck. 

Post: Need Hard Money ASAP For A Purchase, Short Term, Stable Client.

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

Google Asset Based Lending or Alpha Funding

Post: 6 Deals in 9 months. Over 2 million dollars.... Whew!!

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

Good work.

Post: Looking to buy multi family properties in Northern New Jersey.

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

Looking to buy multi family properties in Northern New Jersey. Fixer uppers are ideal but willing to take turn key if the number are good. Please send me a message with information if you have any deals. 

Post: How I use creative financing to get my first 6 units.

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

@Jarrett Harris Exactly how I saw it. You can even pay a small fee and roll that debt into another 0% interest balance transfer. 

Post: How I use creative financing to get my first 6 units.

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

@Michael S. Honestly, some times all you have to do is ask. I said I wanted to have some one review my file while I was on the phone and I was manually approved after being denied the automation route. 

Post: How I use creative financing to get my first 6 units.

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

@Peter Green Thank you. You are absolutely correct. What I can say I have done from taking the risky route and risking my own financial future, I have proved that I have confidence in myself and I am not looking for any hand out. With a track record (even a lil one) obtaining safer options of money is now easier. As you said there are many different routes, this is just one amongst many.  

Post: Capital Investments vs Repairs

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

Here is my advice. Be careful with your write offs if you plan on growing a portfolio. Banks will look at the repairs and take it away from your buying power. I don't not write off every little thing because my tax return is not as important to me as growing my portfolio at this current stage in the game. You want to show that the house is stabilized and performs on its own. If you plan on stopping here, then maximizing your return now may be more beneficial. 

Post: Should I get my RE License?

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

As you begin to grow a name for yourself, non real estate people do not alway get the difference between being an investor or realtor. You are kind of just that guy who does real estate, so money will start to drop in your lap (reason why I got my license). 

Post: Should I get my RE License?

Dashon JonesPosted
  • Residential Real Estate Agent
  • Paterson, NJ
  • Posts 78
  • Votes 42

No problem. I had an assistant account prior to getting my license but that was because I wanted the opportunity to sell and by houses on my own when the opportunity came about. If you only want it for mls access, no need.. you can easily use your wife's log in. Ultimately you have to decide what your goals are with it and that will you determine if it's worth it or not.