All Forum Posts by: Doron Nissim

sounds great!

thanks!!

Hi @Ramsey Blankenship

Sounds like you have been investing a lot of time and money in this property.

from my experience you don't need to wait until the property is fully occupied and you can pull cash out after 6 months. it is really up to the bank you are going to do this refinance.

i have had mortgage brokers telling me i need to wait 12 months just did a refi cash out after 8 months.. so its really up to whom you're dealing with..

also about the appraisal.

it is true that the market price for commercial appraisal is $2500-$3000

but i after some research i have found someone locally that did that for $900..

the appraiser will ask for current leases what have happen in the past doesn't matter because you fixed the property and have new tenants.

you can also ask a local broker to do a BPO .. this will cost you about $150 and can give you a rough estimate of how much your property worth..

hope i helped good luck!

Hey @Edwin Joiner

sounds great!

you can check out the group meetup here

http://www.meetup.com/Deerfield-Beach-Real-Estate-...

We are staring up on oct 3 this is will be every monday at my office in Deerfield beach 5:30pm

455 fairway dr #100 deerfield beach 33441

you can call me any time

9544405432 or pm me for any questions..

ill email you too..

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hey @Jordan radar. 

your post sounds interesting and might be something I'll be interested to jv.

I'll be looking at properties 50+ units in Florida in particular south florida. .

cap should be 10+ with option for apprication. .

inbox me if you find something like that. 

hey @Jordan radar. 

your post sounds interesting and might be something I'll be interested to jv.

I'll be looking at properties 50+ units in Florida in particular south florida. .

cap should be 10+ with option for apprication. .

inbox me if you find something like that. 

unfortunately I won't be in town 

but let's do another one next month. :)

Great Idea!

hey @ Scott alfano,

I think the question should be if the deals are good and not if the wholesaler is good....

when you get a deal sent out to you you should know how to run the numbers. if you like what you see call the guy and ask if they are direct to seller.  if they're not the deal could be sold already. . so you better check that before you move forward. 

then drive there, estimate the rehab or call your contractor to give you an estimate on the spot. don't wait 2-3 days.. the deal might be sold. 

if the deal is good chances are lots of people are going to check it and send offers. .

so you want to be the first in line direct to seller or direct representive.

don't take anyone word. 

the real estate investing world is about making money. . and in most cases making money fast.. so trust only your own judgment.  dont rely on anyone.. even people you have worked before can do mistakes.. and you can't blame anyone for bad investment.

I would suggest you to look for local REIA , meet the big groups and look for expirence people to work with... the ones that have been for years and will probably stay for more years..

also you can ask local hard money lenders who are the wholesalers that bring them the most deals..

good luck investing! !

Hi Rafael Polo 

congrats and good luck!!

this is a great community and you will learn a lot!!