All Forum Posts by: John Spina jr

I always heard if it's conventional financing for an investment property your looking at 20 - 25%

thanks a lot @James Green ill definitely be looking up on everything.

Hey everyone! I'm very new to real estate investing, I do not have much capital, but I am eager to learn and get going in the right direction. Since I don't have much capital I figured the best way to initially build would be to get some wholesale deals under my belt. I do feel held back because I feel like I lack the knowledge, which is why I'm open to any and all tips/advice aside from these questions below...

Should I already have a legal entity established before I start marketing to sellers? PROS/CONS

What is a good way to establish a buyers list and a sellers list?

Should a direct marketing hand written letter say anything more then the bare minimum? How much or how little amount is good for a hand written letter?

What is a good amount of cash to have on hand before getting into a wholesale deal? Other than advertising costs, what else would I need cash for in a wholesale deal?

Do I ask my real estate attorney for default copies of contracts so I could have them readily available?

Im new to real estate investing and I was wondering if you had any tips for someone just starting out? How did this deal come to you? 

If your planning on marketing in staten island I know some good contractors for rehab

If your planning on marketing in staten island I know some good contractors for rehab

Hello I'm looking to start investing in real estate in my area.. anyone have any advice or comments about investing in staten island? Im open to anyone in the area looking to network and exchange knowledge.

In order to do your flips outside the NY area, are you going to market for contractors? How do you plan on getting the flips done?

Thank you everyone for your honesty and advice. The ARV would be around $420,000. The property could also rent for $2100. @Jarrett James @Brian Gibbons @Kenneth Mooney  I have $15,000 in an annuity account but id rather not use it if i didn't have to.