All Forum Posts by: Levon Williams

well I have thought About this and I must ask everyone? When you started  out did you have all your financialsituation in order? The first deal that you did it wasn't easy  right. And did you have all the monies in place? I really feel like I can do this I don't know if this is out  of desperation  or what. 

now for the real I have decided to pay all bills and to fix our credit and wait for the real estate  investing  I will still participate  in BP in gaining more knowledge While I get my  financials in order.

I thank everyone  who has given  advice.

if anyone  in the vegas area wants to work with me on investing please do not hesitate  to contact me. 

hello BP.

i have been hanging around here for awhile now as a looker and there is some great information here. 

that said, my goal is to be a succesfull real estate investor. not a big time one one that allows me and my family financial freedom. So  here is my question, i know enough about real estate to be dangerous. 

From our tax refund we are getting money back. i need to use that money to pay bills that are in the rears. i also know that if i dont do something now next year will be the same as 2014. i cant live with that. 

What would you do? 

1. take the money and invest it in a quick turnover using real estate?

2. do as the wife wants and pay bills.

I dont know when ill get achance to have this kind of money in my hands that i dont have to pay back.

My credit is important to me, and is in bad shape i am working on fixing so borrowing is out.

i have sold everything that has value (except the dogs).

my plan would be to quickly find a wholsale deal that i can turnover within 7  days.

i am looking now and its tough finding the right deal.

thanks for any and all suggestions.

hello bp

i have a question on establishing a jv partnership. hows does dodd frank effect me and the jv partnership. the jv partner is a good friend of mine and we have know each other for over 8 years. i have never ask them for any money ever. he and his wife are very well off financially. my first concern is how do i approach them to get involved with me and real estate investing as a jv partner? i know there are no guarentees in any investment and they understand that also. they have bought and sold several properties as owners. my second concern is how do i build creditbility since i have never done a transaction yet. i have been studying bp for a while now and its always the money that holds me up. i do not have a property under contract as of yet although im am looking at a few now they may or may not work doing deal analysis.  

thanks to all for the great information on bp. i look forward to all responses.

i am the real newbie

hello bp.

this is my very first post here at bp so please stay with me. Let me try to explain my situation. i have been studying investing here at bp for along time and i have made the choice that fear will not stop me anymore. anyways i have found a house here in las vegas that i would like to buy and flip, its a hud reo. how do you get financing structred when you have to buy it from the bank. the numbers work out at: purchase price $125000

                                                                                         rehab cost        $25000

                                                                                         arv                     $209000

my question is i am having a very difficult time with the arv. i have not used the mls yet to verify. my numbers are from what i can find homes sold in the area off the internet and i have looked up each house individually for actuall sold numbers and dates. i still do not feel very comfortable with my numbers i will speak to a realtor this week about comps and i would like to be able to verif what i am being told.

next how do i present this to a private money lender since i wont have it under contract untill i get the money from a private lender. or am i doing this all wrong suggestions appreciated.

thanks everyone

hello Nilesh Makhija

my name is levon williams and i live in the vegas area, i know how you feel about what you think is fear of the unknown. you have to believe that everything we do started as the unknown and yet somehow we made it to now.

what i do is look at my kids and grandkids how wonderful and fast they grow and how  they never stop trying and asking questions.  so proud when they come home from school after they learned something new. fast the next step is for them. I believe that this is the law that works for everyone I dont know what you would call this law i just know that it exisit.

Never stop growing and believing it is just around the corner.