All Forum Posts by: Steven Koch

I am just trying to take a not so good deal and trying different angles to squeeze all out of it one possibly could. I am just looking for other people's' creative angles in this not so good deal. What numbers could I change to make this deal even remotely work? Yes I could move on and find a better deal...

1) Adding another room?

2) Putting more down?

3) Flipping the house?

4) Lowering the expenses?

5) Ect.... 

@Jaleel Phillips

My Friend already bought the property and I am trying to think of ways to make this work for him, being he is on the road working all the time and I suggested he rent it out.

@Jaleel Phillips

I am sure there will be repairs, but I was thinking bottom line scenario. Yes indeed, the cash flow is way to low, but I was wondering how a person could be creative and make it a good deal. "When life gives you lemons, make lemonade".

How many layers or what layers could make this a good deal?

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*This link comes directly from our calculators, based on information input by the member who posted.

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*This link comes directly from our calculators, based on information input by the member who posted.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

"Investing in real estate takes planning, patience, and persistence. Don't expect to make millions of dollars in your first year. Instead, plan on creating a business through real estate that will steadily grow year after year, enabling you to meet your financial goals—and hopefully accomplish your dreams. No matter what you may hear, being successful in real estate requires hard work, just like any other field. It is also important to know that there are no shortcuts to being successful in real estate—there are no products or tools that will do the work for you, either. You must learn the fundamentals and then apply them. Of course, our goal here is to help you with that."

Short summary, "If it was easy everyone would be doing it."

@Brock Mogensen, Thanks.

@Bryan Noth, Thanks for the support. 

Hello, I thought I would introduce myself here on BP, but before I go any further & start asking questions, I think it's wise for me to read "The Ultimate Beginner’s Guide TO REAL ESTATE INVESTING". I don't want to waist others time asking questions that I could find for myself there.