All Forum Posts by: Jeff Matthews

Okay Thank you Odie.That helps .

Thank you Frank thats makes sense .

When im calculating my max offer price .I take my ARV minus my rehab cost-realtor cost -money cost- holding cost -closing cost - Minimum Profit and that gives me my Max offer number .

My Question is how much am i asking from a Hard money lender ?

So i can evaluate my money cost and interest .

Is it my max offer plus repair cost ?

Or do i do some other calculation to figure out how much to ask for ?

Ok I found the property records on the county recorders office Website here in Las Vegas . Im just not sure how far  I have to go back (how many owners ) This Counties Recorders office has you buy the docs very cheep . Im waiting to see them 

Hi Does anyone know a quick way to check a property for liens ? I would like to buy a property at Auction .

Hi Guys , Im a new investor in Las Vegas . I own one property already and opened a investing LLC . Im looking for a local investor that i can run ideas past So i don't make as many mistakes . any ideas how i can find local investors to talk with ?I have tons of ideas but don't know what ones are the best.

Im ready to buy more and I know there is about to be a lot of new opportunities coming soon.

BTW I did tons reading and research  already now i need to just find someone with experience .

Thank you for the replies gentlemen. This will definitely help me make decision.I really appreciate getting the feedback .   

Hi Guys , ok so I got a question . I own a 70K condo that im renting for $750.00 a month .The HOA is very expensive costing $195.00 a month .I own the Condo outright (No Mortgage) I have probably another hundred a month in expenses on the condo roughly. so probably $400 in Cash flow a month.

I Live in a $300K house I owe 160K on .My mortgage is $1140.00 a month plus $30 a month HOA .Taxes is included in the mortgage payment .couple other payments a year like sewer 250 a year and trash is $43 a month .Interest rate 4.75%

My goal is to upgrade and get more rental properties and to keep investing. Right now the interest rates are very low .

So what’s a good move, should I sell the condo and take the money and buy 2 more properties with mortgage’s by putting 20% down on cheep houses?

OR should I sell the condo and put money down on a new house and live in it and then Essentially upgraded from the condo to the house im in now as a rental property ?(I estimate the rent for this house would be about $1500.00 a month ) 

If I do rent out the house im in now should I refinance it before I rent it out?