All Forum Posts by: Jacob Michal

@Barry Pekin yes and I’m in a market where it would cash flow positive with property managers

So my business model is wholesaling but I am also trying to acquire rentals through Creative Financing strategies and I was thinking that if I do acquire some rentals to just use a property manager so they can find the tenants and deal with the extra stuff so I can focus on my main business model without having to Spend excess time on the rentals as long as the properties still cash flow good. I would like to hear some opinions on what you all think about this .?

@Lee Ripma where can I find your blog.!

Do you all recommend using the bonus depreciation status and cost segregation study for multi families or single families if yes why and if not then why?

@Frank Patalano not being able to qualify for a loan but that’s no excuse I’m learning CREI right now so I Can start acquiring them

@Roger Koofer borders and borders is great Harry is the man

@Noelle Pritchard Barkley

1.) look at the other 4379 post on BP with the exact same question

2.) educate myself as much as possible on my long term goals in real estate

3.)build good relationships with experienced investors, agents , title companies , contractors and with the banks. And do fix and flips for short term income and invest in multi family units by putting down 25% on each one in my market and keep the process going and after a couple flips start to replace myself out of the buisness

4.)repeat

Okay so I've been wholesaling but also trying to learn some REI creative financing strategies and have some questions about wrap around mortgages and contract for deeds

1.) if I obtain a house through a wrap around mortgage can I then sell it to a retail buyer via contract for deed.

2.) if I obtain a house through a contract for deed and the seller has a mortgage can I then do a wrap around to a retail buyer

3.) when doing a contract for deed while I personally pay the taxes on the house and insurance or will I have to provide the money to the seller to pay them and make sure he pays them.

4.) what if the seller passes away in the process of them owner financing the property to me.? Will I then just keep making the payments to the heirs the next in line .

5.) is there any courses books or podcast you would recommend me to read currently reading a fortune by your feet by a.d Kessler and listen to Jonathan rappaport podcast on creative financing

@Jeff Rabinowitz can you get a property on terms through a wrap around mortgage and seller finance it to a retail buyer .?

So what do you all use for a quick and dirty estimate on repairs (wholesalers only) that has worked out good for you all I usually do 30$ for a full remodel if it still has good bones and around 45 if it’s a total regut and needs everything I’m in The Louisville market do repairs might not be as costly as other places