All Forum Posts by: Geovani Castro

For only mobile numbers and maybe email addresses? Anyone with experience doing this maybe can offer me pointers to a service or guy?

Wheres a reliable source to get homeowners leads and numbers from nowadays for the NYC based professionals? I mostly deal with brokers and agents but I'm looking to make more deals direct with the seller.

Hey guys, my name is Geovanni. I wanted to reach out to flippers who have done projects in The Bronx Brooklyn or Queens. I got a 1 family rehab in the Bronx and I'm afraid I may have to pass on it if I can't get the job done cheap but correct. Any recommendations (private message is fine with me) for a 40,000 job on a 2 story 1200 sq foot frame house. Here's some of the things I need done Scope of work: Wood floor resurfacing. Repainting all walls Replace moldings Update light fixtures. New kitchen cabinets, countertops Remove kitchen tiles and replace New windows down New range, refrigerator and microwave New bathroom on second floor. Remove bathroom and first floor and create 3rd bedroom on first floor. I'm going to reach out to contractors in the am but I wanted to reach out to actual investors and hopefully get a recommendation.

No look at the amount of the agreement and look at who the agreement is with. The City of New York. I looked deeper and noticed they created the same agreement again in 1992, using their old corporation. I more curious as to what type of transaction occurs between the city and investor in that amount for a property that is worth no more the 1.1 million at this time.

I'm curious as to what type of agreement this is. Could anyone shed some light?

Does anyone use this formula when analyzing a potential investment?

I'm looking at different methods of analysis but I'm having a problem at one part.

Here's an excerpt: The percentage of loan paid off in the holding period (P) can be determined by dividing the amortization rate of the 8-percent, 25-year full-term loan by the amortization rate of the 8-percent, 10-year holding-period loan. The percentage of loan paid off in the holding period is thus equal to 19.24 percent.

What variable/s do I need to look at to determine the percentage of the loan paid off? It would be much appreciated

I'm fluent when it comes to Real Estate terminology. I talk to agents throughout the week looking for properties for my buyers, it's just that my buyers give me a price range to work with when I'm looking for deals so I wouldn't know particularly how to run comps and how an investor judges FMV and ARV. Basically I want to see from an investors point of view. Which is I want to know how they arrive at their figures when they determine a propertie's market value and ARV.

Thanks Jeff for your quick reply. I've been reading on and off for about 4 years now. I know the terminology and get te gist of what investors do. Basically all I want to know is how investors typically run their comps so I know whether a property is a deal. But I won't lie I'm sure there's alot I need to learn. Could you recommend any books in regards to real estate investing?

My name is Geovanni, I'm from New York, NY. I've been bird-dogging for investors here for about 6 months and I've been planning on moving up to wholesaling for awhile now. Thing is the buyers I worked with never really needed me to provides comps or detailed property reports so I never really practiced and wouldn't know whether I'm doing it correct or not. I've been reading the articles here and the forum posts and I'm just running in circles basically. I hate to ask on my first post but I was wondering of someone could give me a detailed example of how to determine whether a property is a deal or not, essentially an outline of things to do before you put your name on the dotted line?