All Forum Posts by: Leesa Cramer

Kim and I tried to get the person down to 225k to start but she will not budge beyond 275k.

Hey Ray!
It's in University City. 4beds/3.5 baths. I'm a wholesaler. I was seeing if I could buy it if I couldn't wholesale it to a cash buyer. You interested? If so PM me. Thanks!

Jim,
I wouldn't pay asking price.
Thanks for all your replies.

To Matt:
My realtor is a friend of mine, who is an investor and belongs to this social network.

To Jenny:
I never said where the place is but it is in downtown Philly. The comps are 200k-230k. It is in an up and coming area.

The house is on the market for $299,000. I would offer less of course!. My mortgage would be about $1700/mo , RE taxes 2008 were $722. Renter pays all utilities. The house is also completely renovated. I wouldn't need to do any repairs. Also Kim is a great Realtor, she's an investor herself and she is on here too:) I trust her judgment. I was just kicking around the thought of being a landlord. I am a wholesaler but right now nothing has been working out. I just wanted to see what other options there are to get my RE investing happening. I'm green but not that green that I don't know when someone is pulling my leg. Thanks!

The property is in a part of the city where there are two colleges. It is already rehabbed and tenant occupied. A new tenant is already lined up for March.
The rents for the area are $2300/month. My thing was just to find out if anyone has every used hard money to buy for a hold to rent. Thanks!

That's fantastic Andre! Let us hear how you did it!

Hi all,
My Realtor found a great rental that she was going to buy but doesn't want to stretch herself too thin and told me about it. I would be a newbie at this and have no moola. Would it be a good idea to use hard money to buy the rental and refi in 12 months? And flip in 2 years?
Sincerely in Christ,
Leesa C.
Eph.2:8,9

A quick follow up to my original post: I have no properties under contract right now and am still trying to build up my cash buyers list, is it ethical to put up bandit signs and such when I have nothing to market just to get serious buyers?

Does anyone have a list of questions that they ask cash buyers to find out if they are serious? I will look in the wholesaling forum when I get a chance. Thanks!