All Forum Posts by: Jason Kim

I know every investors use different strategies to purchase properties and do many different ways to make profit. I understand that being creative in this work could be one of the key to make the best the exit strategies. But I'm confused at this point and I'd like to hear some real strategies from experienced investors to explain how investors purchase multiple properties under their name or under company name when banks consider debt to loan so importantly in this current market.

1.I have a house that is under my name, and with my income, the bank considers that my house is the only property that i can handle to make payment accoring to my income. So then how am i able to even purchase a proproperty which is consider in a lower end like somewhere in the $50k to $80k for investment and do either a fix and flip or hold it and rent it out for a positive cash flow?

2. If the house is purchased by a private fund and rent it out for a positive cash flow, how do I pay the money back to the private lender when the only money that comes in monthly is the rent check that is paid by the tenant? or do investors usually to double close it(if it is still possible when the fannie is calling it a fraud)?

If I want to hold multiple properties as a rental properties, what strategy is the best way to acquire multiple properties when banks look at the Debt to Loan so closely now?

Thank you in advance! :lol:

Thanks for your honest thoughts and comments. After reading your replies, I've realized that I need to have something to show them that it is okay to spend their own time on me. I will go out there and find deals and bring it to the table first.

I know this one investor who does short sales with her team and does it pretty well on a monthly basis. Me and her we have a mutual relationship through other business and soon i want to ask her if she can teach me how to do these short sale deals. Before i ask her, i gotta tell you that she is not much of a friendly and patient person, but she's the only investor that i know enough to ask if i can get coached and show me things. Without wasting and bothering her time, i'd like to know what can i do or what should i ask her to get her to teach me?
Any good ideas? Thanks in advance.

looks like condo is not a good option at this point by hearing from the gurus, so what can i buy or should i invest with about 15k that i want to put in? i am learning about wholesaling from one of local investor and from BP but not good enough to go out and do it on my own. will i need this money to do the deals in future?

I'm considering to buy& hold on condo(2bed,2bath)FMV@135k for 100k or less with 10% down. If i can find a property at a good rental location and for a good price, i thought it would be a good investment after a long hold for at least 7yrs and sell it for a good profit.
Before making a move i need some opinions to see if investing on a condo a good move. Since i don't have to do anything to the property except little interior works after the lease expires or should i be investing on SFH rather or a duplex apt building at a lower income area with that money?
These are some choices i have in mind but if there's any better suggestions please lay them out. - Thanks in advance! -

You can put a for sale sign on their front yard and the owner will call you and tell you to remove the sign. You can simply tell the owner that you are sorry for putting that sign by one of your employee on a wrong address and ask him if he is interested on selling that property. It is not the right way to do but it works, and it is not an unlawful thing to do but when you dont remove it after being asked, then there would be a problem.

finding buyers and sellers i've researched, but what im saying is after having buyer and the seller, how do you do the inside transaction to close the deal successfully, and do it in the right way.

LOL, yes i do agree with you on that. BP does pour out many infos and opinions. I can use BP for lot of good reasons, but do having much knowledge in the beginning would help to get a good start to become an investor?
for instance when wholesaling a short sale, you will be only getting a bird dogg fee when you give it to some experienced investors. but if you were taught how to do from a to z, you will keep all the profits and make more money.
just asking bunch of questions from forum and not putting any money in for an ecucation doesnt seem right to me. correct me if im totally wrong or support my thought if it makes sense.
Thanks.

what is BP stand for and where is the location? how can they teach people for free when there are teachers spend their hours teaching people. Do they do it out of their good willingness? or is there something that requires to do that.
.

Hello everyone, i live in Chicago and would like to become an investor and start doing short sale deals and wholesaling properties. I wouldnt mind spending few thousands to invest for my education, but i want to learn from a good school or from the right person. what would you recommend when it comes to investment class in chicago or around chicago.

p.s. considering nouveau riche ( only on real estate side and i've heard that the educators are pretty good at what they do )
Thanks in advance.