All Forum Posts by: Jason Rodriguez

I usually see a decent amount of vacant homes from my daily commute and during my bike cycling workouts. Is there anyone that will be interested in my finds and will pay a fair amount considering I'm trying to raise capital for myself to start doing REI. If interested please let me know I'm a boots on ground type of guy that will go where needed in the NYC area.

Thank You.

Originally posted by @Ryan Horne:

Still pretty new but completing my first solo wholesale deal tomorrow. Seller contacted me off of a mailer interested in selling his property for $125k. Noticed significant new build development around the property so called one of the active developers working in the area. They agreed to pay $136k. Making $11k with no money in the deal except for my marketing costs. Closing tomorrow! No home run but a solid first solo deal.

Was this sort of like a bird dogging deal, where you didn't need to do anything but find it and tell the buyer about it?

Good Morning, for anyone reading this now.

My question on top of the one already posted Is, do you think Bird Dogging can help build relationships and provide the funding for closing my first deal?. I personally don't feel all too comfortable Bird Dogging cause they usually will leave you out the deal when it's all set and done, happened to me many times in the past. What I will love to do is some fix & flips instead of that to start securing those large funds for my REI, unfortunately I'm a poor college student haha. Is there anything i can do in the real estate community for someone that can bring in the proper funds to land my first deal. I tried HML, they wont lend to me apparently i need at least 3 properties under my belt. Any advice?

Good Morning, for anyone reading this now.

I always seem to have this question of how in the world can i get enough money when i have no money to start REI. Do you think Bird Dogging can help build relationships and provide the funding for closing my first deal?. I personally don't feel all too comfortable Bird Dogging cause they usually will leave you out the deal when it's all set and done, happened to me many times in the past. What I will love to do is some fix & flips instead of that to start securing those large funds for my REI, unfortunately I'm a poor college student working part time on campus haha. Is there anything i can do in the real estate community for someone that can bring in the proper funds to land my first deal. I tried HML, they wont lend to me apparently i need at least 3 properties under my belt. Even if i can shadow someone on there current projects will be a great learning experience for me as well. What can i do for anyone to secure a feasible amount of money to get the ball rolling??

 -Jason

I will love to go over the property with a private lender or someone familiar with the NJ area. 

a small description of the home:

$20,000

SFH

small fire damage in the front, sold as is by owner

my rough guess on the ARV comparing the other homes next door can be $111,000

with $15,000 on repairs my rough estimate as well.

Hey, does this imply for a first timer wanting to purchase a fix & flip?

I can't wait until the day flip my first property, I get so excited even when i think about it. Will really love to have a mentor help me to set that in stone. Until then I'll READ on the forums all day and listen.

Originally posted by @Jody Newman:

Originally posted by @Will Bert:

Originally posted by @Jason Rodriguez:

I sent you a PM 

 How were you dressed?  Breaks my heart to hear NYC isnt all inclusive like it should be.

 I was dressed very casual & formal... Most of the people came in very expensive suits, felt like I was at a car dealership haha. 

Thanks Rick appreciate your reply will definitely give it another go. as far as my find I'll just go ahead and list the property I found here and you guys can maybe give me some feedback on it, do you think something like this will work if not what's your assumptions why it won't work. Thanks. https://www.realtor.com/realestateandhomes-detail/451-Beach-72nd-St_Far-Rockaway_NY_11692_M43265-89756

Hi, my name is Jason. (small introduction) I'm sort of a noob, 25 yrs old. Haven't worked on anything on my own as of yet. But i have done enough research right here on BP to know exactly what's involved on a fix & flip. I'm in this game alone with no supporters. I attended my first REI event here in NYC yesterday to see if I can network with like minded individuals turned out to be a disaster, ended up being the only young minority there, people looked at me as if i walked in the wrong room, it was very intimidating for me to go up and speak with the other attendees. I will not be attending anymore as of now. Found it to be better on BP. Personally i think majority of the guest at that event wouldn't have taken me serious anyway for the fact I'm young and look even younger in person, and other factors of course. I am hoping maybe I can find someone generous enough to mentor me and see my vision in this business, can help me grow the stepping stones to becoming successful. and hopefully can look pass the age color, but what this post is about is I've been looking to get invested by a HML, I wish I can go the private way but I just don't know anyone that will lend me anything considering my financial situation. So moving foward I've read that it's best to first find a property you know will be profitable before you go off asking for money on a project, so that's exactly what I did. Found an investors gem in NY,queens a multi-family home. priced at $269,00 with the right renovations can easily be sold for a great amount of profit. So the question is What would the BP community do if they were in my shoes As a beginner and see this great opportunity arise regarding this property?... I know its best to start with a SFH as your 1st with that being said even if I do find just that as my first property I still wouldn't have any investor to back my project, with intentions of 100% funding and a decent amount of ARV to match that for a first timer... I appreciate everyone that took the time out to read and comment on my 1st post. thank you