All Forum Posts by: Kasan Kelley

What are some of the average amounts in closing costs I'd look to pay on a 3/1 in Baltimore city. Thanks in advance for all answers

You hear all the time about how people can start in real estate in a myriad of ways. Does anyone have any personal stories or know of someone who got started in real estate with 1K? Please keep UK n mind I am fully aware of the question I am asking. I'd rather not be seen as....unintelligible. Just anxious and ambitious.

@Barry Pekin not quite. I admit I get a bit wordy sometimes. I do not have all the basics down when it comes to wholesaling. Its something that's a apart of the plan and u just wanted more clarity. Thanks Barry

A little more info needed.....so "we are not selling the property, but looking to sell/assign our interest". I have no access to the property? Once I give the emd(if I decide to,) what's next? How do I acquire a property for myself, from a wholesaler, as a way to get iij n on the ground floor?

@Danny Sok I mean I'm thinking about it more and I understand that you kinda have to pay for the stuff this way. Out of pocket with your 9-5 job. I dont know. Maybe it's the idea of the personal credit card being used that doesnt right with me. And I say that because you said its "kinda like" a business card. Those were things I'd probably do, that I mentioned. Are there people you can pool resources with to have that not be such a hit to you? Consider a construction loan from a bank? Financing from a contractor?

@Danny Sok it sounds like you are considering, continuing to pay for repairs and other expenses from what sounds like your personal credit card. I mean unless the intrest rate is that low and you feel comfortable. That's probably the only way I would suggest it. I mean granted I'm no mathematician, I'm a carpenter. Haha. But just thinking about it, you want to use the money you are making from the rentals(a cap ex budget) to pay for repairs and other things in the property. Scale is amazing, with a team, but time consuming when you're going at it by yourself and you dont want to stretch yourself too thin. Your 9-5 money should be being saved for the next one,yes. And really, paying down what mortgage/balance is left. I personally wouldn't feel ok with using my own personal credit card or money to do repairs and things in that realm unless there's a real dire need.

Hi! Hope everyone is doing well today. What have we been getting into lately? What great deals have we done? 

Me im still looking. I have about $1,500 sitting and am looking for someone with lease to own deals in the baltimore are.

@Randy Thomason thanks for the heads up. Still pretty new, 

Thanks for this info @Lydia T. My i tention is not to "hook" anyone. It was a place filler for a word i just couldnt think of while typing this as the question was fresh in my mind. 

I realize there are specific steps to take, and im not really tryna shirk on them. Just thinking of a ways to increase likelihood of having properties under contract. Maybe that kinda falls in the realm of "putting the cart before the horse"

Hey everyone! Glad to see everyone is doing well. I keep telling myself im going to make my presence here felt and known more. Sometimes i think i get more caught up in thinking about things than doing them. Which i know is not good if i, in anyway, aspire to be like some of you. 

So i have a question first with regard to wholesaling. So i came across some new software that take detail and numbers to a new level(for me anyway)!! I can create excessively detailed printouts for end buyers to help increase the likely hood of contracts. My thing is, does it make more sense to create the reports for possible end buyers to essentially "hook them" prior to contacting a possible seller? Does that make me seem thorough? Or should i be contacting the sellers first? 

Would anyone here have any info of someone who has rent to own properties in the baltimore city area? Thanks for the advice.