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All Forum Posts by: Ken Nyczaj

Ken Nyczaj has started 53 posts and replied 450 times.

Post: Preparation tips for my first purchase

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Jason Delgado Alonzo can’t go wrong with house hacking in your early days. Continue to educate but also take action with inexpensive ways to market- signs, cold call, door knock, letters, etc. you’ll learn more in one deal than you will in a few books.

Post: Want to quit W2 but don't want to lose ability to get loans

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Nicole Heasley maybe find partners who are strong on the W2 side so you can still get favorable terms?

Post: How do house flippers acquire money to finance renovations

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Joshua Lira @William Parker look for a local bank who can be flexible with the terms. Our bank for rehabs loans 75% of the purchase price and 80% of the renovation on a 1 year IO over a 25 year payment schedule.

Post: Direct Mail Marketing failure

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Dylan Bowman

Look for owners with equity. If they don’t have equity, likely you won’t be able to find a deal worth buying. This can be filtered through the many different data base websites out there. Also, date of purchase and owners age are good filters too- old people who have owned their house awhile.

Post: What was your "why" for getting into Real Estate Investing?

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

Real estate has been a great way for me to strengthen my financial future and help so many people along the way. It’s been fun creating companies and partnerships and tackling different types of deals. Solving the problems real estate throws at me has seemed to make me more resilient in life.

Post: Single family condo flip Annapolis Maryland area

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

Post: Single family condo flip Annapolis Maryland area

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Jonathan Tavarez Thank you. Great question. My business partner is the GC on our projects and it's something he does. We didn't add square footage to the house but created a window seat with storage for blankets/ pillows etc.

Pics below:

Post: Single family condo flip Annapolis Maryland area

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Chris Mills thank you!

Post: Single Family Condo Flip

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Scott Wolf thank you sir.

Post: Single family condo flip Annapolis Maryland area

Ken Nyczaj
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415