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All Forum Posts by: Ehab Tadrous

Ehab Tadrous has started 17 posts and replied 95 times.

Post: Newbie from Northern VA, (NoVA)

Ehab TadrousPosted
  • Manassas, VA
  • Posts 114
  • Votes 13
Originally posted by @Paul Timmins:

@Jeff Simmons

Welcome. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

 Hello Paul

i have a question for you . i learnt from one of the investors and lenders i listened too that , while analyzing my deal , i have to study the area where i am buying my deal if it is described as a rental area or owning area more , because if it is not classified wright and i have a different exit strategy than the convenient one for the deal , that might lead to not good results , or loss also

so how to classify the area the best way , to make sure you having a good deal

thanks

sincerely

Ehab T

St Theodore LLC

Post: flipping houses

Ehab TadrousPosted
  • Manassas, VA
  • Posts 114
  • Votes 13
Originally posted by @Ned Carey:

Welcome to BP @Hubert Fernandes You will find plenty of people here on BP willing to help. I know we have some Canadian investors  here that invest in the USA.

 Hello 

i have a question for you . i learnt from one of the investors and lenders i listened too that , while analyzing my deal , i have to study the area where i am buying my deal if it is described as a rental area or owning area more , because if it is not classified wright and i have a different exit strategy than the convenient one for the deal , that might lead to not good results , or loss also

so how to classify the area the best way , to make sure you having a good deal

thanks

sincerely

Ehab T

Post: how do you not get so frustrated

Ehab TadrousPosted
  • Manassas, VA
  • Posts 114
  • Votes 13
Originally posted by @Mindy Jensen:

Hi @Carla Harris.

Getting started can be really frustrating. There is so much you don't know. 

I'm tagging @Russell Brazil, who is an agent in DC. Send him a note and ask if he will sign you up to receive MLS listings. That's one of the best ways to learn your market - what houses sell for both fixed up and before repairs.

So here are some things to do:

1. Decide where you want to invest. Do you have a particular neighborhood that appeals to you? Keep it small at first, because you'll need to learn it before you can analyze deals.

2. Learn your market. You have to know what the going rate is for properties in your target market, so you'll know a good deal when you see it. A 2-bedroom shack for $75,000 might be a smoking-hot deal. It also might be ridiculously overpriced for your area. 

3. Analyze deals. Real estate is individual - every property is different. There are different levels of repair necessary for each property, each will appeal to a different type of buyer. Just because it is priced at $75k in a neighborhood that is selling for $150k doesn't make it a good deal if there are $100k of repairs. 

4. Learn basic rehab costs. J. Scott's The Book on Flipping Houses comes with The Book on Estimating Rehab Costs. While you said your intent is wholesaling, you will most likely be selling to rehabbers or landlords who need to rehab to make it rent-ready. Knowing approximately how much it will cost to rehab will make you a better wholesaler.

5. Write an amazing letter. While you can technically wholesale properties from the MLS, your deals will have more meat on their bones if you can find them off-market. Write an amazing letter, then start sending them out. Start really small at first, driving for dollars and then mailing when you find an interesting property.

 Hello Mindy Jensen

i have a question for you . i learnt from one of the investors and lenders i listened too that , while analyzing my deal , i have to study the area where i am buying my deal if it is described as a rental area or owning area more , because if it is not classified wright and i have a different exit strategy than the convenient one for the deal , that might lead to not good results , or loss also

so how to classify the area the best way , to make sure you having a good deal

thanks

sincerely

Ehab T

Post: Online Title Searches

Ehab TadrousPosted
  • Manassas, VA
  • Posts 114
  • Votes 13
Originally posted by @Tatiana Walker:
Originally posted by @Jay Raught:

check out Pro Tittle USA, they are excellent. 

 Do I need a full title report if i buy from tax auction sale by county? or 

Owner Lien Search for $48 is enough? Thanks a bunch

 Tatian if this is a tax deed auction for delinquent taxes on the property , the county should give you a free and clear deed with limited warranty , unless the county rules have different issues , check all the county tax sale rules for any variances but this is the majority of it , the owner lien search is good , but if this is a tax deed sale , the sale at tax auction should wipe out all the liens and will be only on the amount of delinquent tax money 

hope this helps 

Ehab T   

Post: 2 unit Duplex for the taking under 30k

Ehab TadrousPosted
  • Manassas, VA
  • Posts 114
  • Votes 13

I am an investor from Washington dc , can i have some pics or have  a tour of the property??

thanks 

Ehab T 

Great Job ,, God bless

Post: Marko Rubel

Ehab TadrousPosted
  • Manassas, VA
  • Posts 114
  • Votes 13

Hello All,

the thing about Marko Rubel which i noticed there , because i watched his webinar twice is that , he is trying to convenience everybody that his business model and strategies of financial solutions are the best through getting the profit by ownership , which is not taxable like as a capital gain , and it is the best model for the real estate growth now compared to the last 5 years of recovery after the 2008 market crash , while the money of wholesaling or flipping are not capital gain are taxable big time compared to that , so those models are not convenient to the current market and it's progression , i wanted to discuss this idea with anybody who might know or think of it , i do not think that is absolutely true , any ideas

thanks

Ehab T  

Post: Marko Rubel

Ehab TadrousPosted
  • Manassas, VA
  • Posts 114
  • Votes 13
Originally posted by @Brian Gibbons:

If you're interested in Marko Rubel you may want to go on Kindle and he has a few books for two dollars or so

There are no concepts that he teaches that aren't on BP for free

 Hello Brian , 

the thing about Marko Rubel which i noticed there , because i watched his webinar twice is that , he is trying to convenience everybody that his business model and strategies of financial solutions are the best through getting the profit by ownership , which is not taxable like as a capital gain , and it is the best model for the real estate growth now compared to the last 5 years of recovery after the 2008 market crash , while the money of wholesaling or flipping are not capital gain are taxable big time compared to that , so those models are not convenient to the current market and it's progression , i wanted to discuss this idea with , i do not think that is absolutely true , any ideas 

thanks 

Ehab T   

Post: Marko Rubel

Ehab TadrousPosted
  • Manassas, VA
  • Posts 114
  • Votes 13

yea i think the same way , it is much more better to learn here on BP by searching than his formula , he thinks is better and convenient than any other strategy  

Post: land locked

Ehab TadrousPosted
  • Manassas, VA
  • Posts 114
  • Votes 13

I have a landlocked parcel in VA surrounded by some old homes and 3 other neighbors, one of them is a church who own around 30 acres , who been bargaining with me to make me lose money on it for a very cheap price less that what i bought it for , the whole area is under development from the county (Hanover county , VA ) , which makes their land worth a lot and want to take mine to gain more , but do not even want to give me money on it .

It is hard to get to talk other neighbors who still alive , but still trying , the only option is there is another small 0.64 acre can give me easement and utilities , that parcel was separated from mine long time ago because they were under same owner and recorded as different lot . that owner is dead and the land under LLC. was owned by him , so that exit parcel has a 5 years of delinquent taxes and the county gave it to one of its law firms to sell which not happening in the near future or do not know when .

My parcel is zoned residential(6.4 acres) and after long argument with the very tough county planning department people they said if i purchase the exit 0.64 acres , they will allow me to develop the land for the part that is develop-able. after i extend the road , water and sewer to it .

My interest is to flip the land now and make a little profit on it because i am not willing to wait until GOD knows ,

My question is if i want to have an easement through the parcel that is going to the tax auction which caused my land lock but does not have an owner now , can i do that through court ??

anybody can help me with ideas on how to do that , or how to have an easement to it if i have to develop it myself ??

please help me

Ehab T