All Forum Posts by: Jason Parente

Would be awesome to hear how you are doing these 20 deals... I'm working real hard on my first of the year I can't see how to scale to another 5 this year even. And then there's funding. Etc.. so to answer your question I'm at 1 BRRR for the year but I'm aiming at 1/month!

Yeah, I figured! thanks!

I'm working out details to be there!

Sound like a great night!

Hey,

I'm making a offer on a total rehab (the whole shebang)... and I've never worked with a contractor in NYC.

Anyone have someone that they trust with this kind of work?

Thanks,

Hey everyone,

for many reasons, I didn't process income tax for the last 3 years of my LLC. I bought and held a rental-property and lost money the first 2 years (a bunch with renos, holding cost, etc...) last year I made a small profit.

Should I just get a CPA? do it myself??? I'm ok when it comes to accounting... thinking I can get through it.

Note: the LLC is 2 partners, 50% myself & 50% a canadian citizen.

Any direction/suggestion welcome!

appreciate it,

Jason

They just want the proof of funds by 130K... doesn't really matter who has the funds I guess... It's my first deal of the kind, so I'm learning as I go.

Hey All,

I thought I'd send this question out here. I'm a beginner RE investor, did a couple of all cash deal(Tax deeds) renos and hold. Bringing a nice cash-flow right now.

One of the real estate agents on my team just sent me a property that I want to get my hands on.

Purchase Price: $112K

After Rehab Value: about $155K

Renovations (for rent): about $15K

Monthly rental expected to be $1,400 (though I'm doing my math with $1,200)

Expected closing date: September 7th

I'm trying to see how I can get the cash for this property and renos, without paying a lot out of pocket. It seems to me like the value/equity is there... and I wouldn't mind doing a refinance 6-months in to a typical mortgage with a bank or other.

Any ideas/suggestions on how to fund this deal?

All comments welcome. god bless!