All Forum Posts by: Deshawn Lewis

Any other idea?

Chheang Yang thanks I appreciate the advice and will look into it Monday morning...

I'm in need of some help, my uncle came to me the other day and asked if I would like to take over his rental in Philadelphia. He knows I'm in RE and just would like to help me out in getting a property. it's in south Philadelphia an up and coming neighborhood. He only owes 40k on the house and is worth about 100-120k. I was thinking about trying to assume the mortgage but was told it might not be possible. I might just have to buy it from him. He is willing to sale it for 45k, which means I would have a lot of equity to start which I'm not mad about. It's currently rented out blow market rate to a guy who lived there for about 7 years(never late). I wanted to know what would be the best way to get this property from my uncle? I don't mind doing the traditional way but I just purchased my primary home January this year.

I will definitely like to attend your event...

I love this idea and definitely willing to join a conference call... Motivation is key and I think this will be great...

Looks like a good deal to me, numbers seem reasonable... I'm also looking for houses in the Baltimore area!!

I don't think it would hurt just to try on the first couple units and see how the tenants act. The best teacher is experience not advice, so try it out you never know what the outcome could be. Of course don't put too much upgrades to it but the basic should be good enough for a test trail.. Good luck and I hope everything works out for you...

This is a great success story, love to hear the numbers and see that everything is working for you due to your grind and hard work..congrats again man hopefully some day I will have a similar story to share

I'm a believer If you have enough money saved up after paying for the down payment and closing cost than buying and fixing up a house would be best.. You automatically now have sweat equity in your property and your updates is to your liking.. It's kinda a win win situation.. A lot of people don't buy fixer upper because after the down payment they don't have money to actually put into the house...

I love talking RE and you may never know who you may help or who could help you in the future with this question..So I'm open to answering the question and definitely not scared to were it may led.. Could be a great networking opportunity...