All Forum Posts by: Eric Armstrong

@Andrew Kolodgie hey Andrew, I’m close to Marshalton. Message me and I’ll give you my thoughts.

@Gerald Patrick google “greater Wilmington Housing Providers”

@William Lees Hey William, would love to hear about your experience working in Delaware.

@Isaura Orellana hey which zips or neighborhoods do you like in Detroit? I was just looking in Dearborn area.

I would be hesitant with only 200 cash flow, unless you have a bunch of reserves.  Missing 1 months rent When a turnover occurs and a repair like replacing a hot water heater would wipe all profits for the year.  
Maybe you move out for a year when you buy the multi to get the better rate and terms on that and then move back into condo.  
I would just be concerned with having very little cash flow if I didn’t have a nice stash of cash for unexpected stuff.   

@Kristopher Kelly is the $200 cash flow gross or net? How much equity do you have in the condo?

Great info on this thread

I use Steven Rosen via Global Title Company for traditional closings.  If you are looking for someone for creative stuff or wholesaling, Bill Dolan is good.  

Wholesaling is tough.  The good wholesalers spend a lot of money per deal.  Consistent wholesalers are probably spending 2-5k per month on marketing.

Yeah, I teach middle school PE at McCullough in New Castle.

Delreia dot com offers private money.  Very competitive rates compared to what I've seen.

Definitely look into that house hacking method or buying a multi unit, although not too many of those options around here.