All Forum Posts by: Joe Gilroy

Laura, 

Call me to discuss your financing options.    Thank you

I am looking for top earners and / or someone who is busy with plenty of work and could use some help.    I am eager to learn lease to own, rehabbing, wholesaling, flipping, buying and selling notes,  and other areas of real estate.   I am also motivated and coachable.   What can I do to help you  ?

Thank you for all the helpful responses !

Is there a way to search for commercial properties for sale that have a ROI of 15 % or more ?

My friend has 2 homes, the first is his primary residence, and has a current market value of 370k, and he owes about 360k on the mortgage.

The second home is his vacation home, that is vacant, and has a current market value of 250k, and he owes about 320k on the mortgage.

Each property is costing him about $3,000 each month for PITI.

He wants to unload both properties, and go back to renting for the time being, as that would improve his cash flow quite a bit.

He is current on both mortgages, never been late with any payments, and has good credit, also.

Can he list the properties as a Short Sale, and then stop paying, and move out ?

What would be the best way to him to handle this ?

Thanks, Jon, for the advice - Would the termite inspection report and the regular home inspection report be enough to determine all the repairs that may be needed ?

I am a beginner, andI want to learn how to invest in either duplexes or triplexes.

I found a triplex offered for sale, and have some info, and I am sure I need more info to properly evaluate this investment. I want to buy and hold, and get positive cash flow each month.

listed price is 129,000

3 units

gross income is $2300 a month

property tax - estimate is 1612 per year

hazard insur - estimate 1200 a year

location is Stockton, Ca
built in 1977

does this seem like a good deal ?

and what more info should I get to make a good evaluation ?

2.7% sounds like a great deal

Is it possible to get that in Las Vegas or Phoenix ?

Brian P

I believe the financing is easier to get on a 2 or 4 unit than it is on a 5+ unit property.

I might consider a 5+ property after I felt comfortable with a fourplex.

Thank you Will - I like your website, especially the video introduction. Very well done !