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All Forum Posts by: Jorge Diez

Jorge Diez has started 4 posts and replied 7 times.

Post: How to use primary residentce equity ?

Jorge DiezPosted
  • Brockton, MA
  • Posts 15
  • Votes 0
Quote from @Sergey A. Petrov:

Does that $200k represent 10% on a $2m home or 50% on a $400k home? 10% is untouchable and unusable even if you sell (that’ll be your selling / closing costs). 50% will give you some cash to work with. 

Thanks for asking its 50% of a 400k home,

Post: How to use primary residentce equity ?

Jorge DiezPosted
  • Brockton, MA
  • Posts 15
  • Votes 0

Hello BP,

I have about 200k in equity on my primary residence. Wanted to see some peoples opinions on how I can use that equity to invest in real estate HELOC, Cash out refinance ect. Looking to either flip or purchase a rental property. Thanks in advance for your feedback

Post: What makes contracts legally binding?

Jorge DiezPosted
  • Brockton, MA
  • Posts 15
  • Votes 0

ok thank you everyone

Post: What makes contracts legally binding?

Jorge DiezPosted
  • Brockton, MA
  • Posts 15
  • Votes 0

Hey BP, I keep seeing all these free contracts online and here on Fileplace. My question is, are these contracts legally binding? and what makes contracts legally binding? Any insight on this would be appreciated

Thanks

Post: Real Estate Agents

Jorge DiezPosted
  • Brockton, MA
  • Posts 15
  • Votes 0

Hello BP!

My name is Jorge and Im currently looking to start my real estate investing by Wholesaling and Flipping properties. I am located in the South Shore, MA area and was looking to see if any agents would care to team up to assist with pulling comps and verifying ARV. In return I will use there services to sell/buy properties and becoming an ongoing partner on future deals. Please message me with any questions you may have or send me a colleague request.

Post: Estimating Repairs

Jorge DiezPosted
  • Brockton, MA
  • Posts 15
  • Votes 0

@Michell P. Thank You for your feedback!

Post: Estimating Repairs

Jorge DiezPosted
  • Brockton, MA
  • Posts 15
  • Votes 0

Hello BP,

Just had a general question about assessing repairs to a home when your rehabbing. When you do your first walk through of a potential investment should you first go on your own and assess the repairs that need to be done then do another walk through with your contractors? or should your contractor go with you when you do your first walk through to save some time?