All Forum Posts by: Leshon Hill

Hey everyone,

I was wondering if anyone could give me advice on how to find more off market properties in the NYC area. Any tips or suggestions would be greatly appreciated. I am not a licensed agent so to me it makes it a little harder to try and come across these certain types of property. All help is greatly appreciated on how I can try and get to find more deals to come across.

@Richard Rheker @Account Closed

Look into Wells Fargo now offering 3% down payment for first time buyers. It may be suitable and doing some research into it can't hurt. I just read some things on their offerings this week

Thank you for your insight Bob, I really appreciate it. I am talking about a business plan and being new&  getting advice, isn't that why these forums are created? To get advice from like minded and more intelligent people. 

It comes from the centers that I work with. I stand to correct myself. A house which costs 300k for me to purchase stands to bring me in rental income of $10,000 per month. 

I believe you're correct. I have a way down here in South Florida that I am currently buying a 300k home which will be paid in full within 3 years max. Therefore owning the property outright as well as having a generated rental income of $15,000 per month. What would be the correct terminology. 

Good morning my name is LeShon and I wanted to introduce myself to you. I currently live in South Florida, but I am from NY originally. I have been researching "normal" cap rates and seen that my business plan is exponential compared to the conventional cap rates. I am in the Drug Rehab/ Treatment business and will be starting my first Real Estate venture with a whopping cap rate of 50-60% on a hard money loan for only 3 years. I know you're probably thinking this can't be real, wrong! It is real and I would love to partner with any like minded people ready to make the love on returns like this. This is just one of the many ventures I will be getting in now knowing that the rate of return is so high. I would love to talk. Give me a shout back when you have the chance. Any insight of information on it as well I will be glad to discuss and also if anyone would like to get into this business let me know. There is a huge market down here in South Florida that i have multiple contracts and affiliations with. I have business plan outlines on what I am doing if interested please don't hesitate to contact me. As well as P/L, Balance Sheets.

LeShon

Devin, 

Great work and great advice on your deals you closed. I believe very much in learning from others mistakes, and implementing a way to not have that happen again. You're definitely on the road to big things. Good luck with everything!

Good morning, 

I can't wait to be at my first event. I am new to the world of real estate and investing and currently about to get my first home on my own and can't wait to meet everyone who attends. See you all there!