All Forum Posts by: Jeremy Gonzalez

Are you looking for off-market deals in Birmingham, AL?

Let me know what you are looking for, and I would love to add you to my buyers list.

I have been using REIPRO for 24 days of the free 30 day trial, and sent out just over 2,000 postcards in that time. While the system is great, my response rate is terrible. Maybe Im doing something wrong, but you cannot make many/any changes to the verbiage on the postcards, so I cant see what I would be doing wrong. 2,000 cards sent and 5 responses total. I may try using them for everything except their postcards which would let me design my own.

Darn you Brandon! That song is heart wrenching! Well written, and thank you auto-tune. We have a 2 year old son, and you captured the emotions perfectly.

Potential wholesale deal on a 2 bed 1.5 bath condo in Vestavia, AL. This unit has been rented for 5 years, and the current owner is looking to cash out.  The property is cashflow positive, but the exact number will depend on your terms. The unit rents for $950/month. This property is not under contract yet, I wanted to see who may be interested in this type of property in the area?

Please let me know if you would like to be added to my buyers list. More Birmingham deals to come.

Does anyone know a good  investor friendly real estate attorney in Alabama?

Can anyone enlighten me on the "BEST" way to wholesale in PA?  Obviously there are a couple issues with PA law.  I do not want to run into issues with assignments, and I would also like to avoid the dreaded 1% transfer tax in PA.

-Thanks

I am looking for an investor friendly/familiar agent near Holland, PA. I am getting started in investing as well as possibly selling my 260 year old stone farm house.

@Lino Pizzonia Congrats on getting started. I am also new to REI, and have been doing my homework day and night to build a foundation of knowledge for my journey. From everything I have read, and heard on the podcasts, slow and steady wins the race. While there are some cowboys out there who swing for the fences and hit home runs, that does not seem to be the case for most of the investors here on BP. If I was in your position, I would be concerned with not having additional income during your first few deals. Given that Pittsburgh is not too expensive of a market, your initial down payment may only be $20-30k if you go conventional. This still only leaves you with $20-40k in reserves to live off of as well as work on your initial flip (if that is the way you are going). If you run into any major unforeseen issues in your property, that money can go quickly.

It may not be a bad idea to look for a partner with experience on your first deal.  This could lessen your initial investment as well as help you avoid mistakes made by newbies (like you and me.)

That is just my two cents, I wish you the best of luck on your journey!

@Jeremy Pakalka, thanks for the feedback. I guess I was thinking the rental would count towrds DTI, but I realize now that banks expect at least a two year history for a new investor.

When looking to utilize the BRRRR strategy on multi-family, how can you REHAB if you do not have any vacant units? My concern would be a vacant unit would not allow the property to cash flow, and the loan would not get approved if the numbers do not work. Will a multi-family BRRRR just take longer than a single family, or is it much more complicated than that?