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All Forum Posts by: Frank Teshima

Frank Teshima has started 14 posts and replied 57 times.

Post: Getting someone under contract

Frank TeshimaPosted
  • Investor
  • Maui, HI
  • Posts 59
  • Votes 20

What tab do i click on? I tried looking.

Post: Getting someone under contract

Frank TeshimaPosted
  • Investor
  • Maui, HI
  • Posts 59
  • Votes 20

Whats up BP! I've been looking on the MLS for deals and haven't been getting any luck. So ive decided to expand my deal funnel and start cold calling people in the Dallas area, specifically Mesquite and Garland. My question is, how do I write up a contract and give it to the seller? Can i find them online?

And if you have any tips on cold-calling, i would love to hear them. This is gonna be my first time doing it. Thank you in advance!!

Post: Steps following an Off Market deal

Frank TeshimaPosted
  • Investor
  • Maui, HI
  • Posts 59
  • Votes 20

@Cesar Castillo thanks for the reply! Yeah, that would be one of my options to brrrr it. So say if I was to brrrr, what would be the process following the verbal commitment. How would I write up a contract? Since this would be off market, I wouldn’t have a real estate agent to help me out, what would be the next step leading up to closing the deal?

Post: Steps following an Off Market deal

Frank TeshimaPosted
  • Investor
  • Maui, HI
  • Posts 59
  • Votes 20

Hey guys! Im curious to know what i do after i find a motivated seller to sell their house at a very discounted price. I plan to narrow down a neighborhood and cold call homes. I just dont know what to do after i get the deal. And determining wether to wholesale it, or Brrrr it. Thanks in advance for the help!!

Post: Running numbers on a deal

Frank TeshimaPosted
  • Investor
  • Maui, HI
  • Posts 59
  • Votes 20

Wassup guys, I do not know how to accurately calculate the numbers for a deal when i am planning on bringing none of my money to the deal. I am planning on running the numbers for a BRRRR property and i plan to have hard/private money lendors pay cover purchase price/down payment and rehab costs. Just dont know how to plug in the numbers for my situation. Thank you in advance!!!

Post: Refinancing and taking money out of the deal

Frank TeshimaPosted
  • Investor
  • Maui, HI
  • Posts 59
  • Votes 20

Thank you for the replies! Really glad how fast the response is!

Post: Refinancing and taking money out of the deal

Frank TeshimaPosted
  • Investor
  • Maui, HI
  • Posts 59
  • Votes 20

What's up everyone! I'm from Dallas, TX. Very new to REI and learning quite a bit from forums and podcasts. Thanks to everyone.

Anyways, I'm confused about the whole refinancing part of the BRRRR method. Will my mortgage go up after I refi? Or could you guys explain the Refinance part of the BRRRR method

Thanks for all the help in advance!!!