All Forum Posts by: Marcus Joseph

Where and what  time does it start?

Hi Patrick,

Yes, all utilities have been stripped from the house. Everything has to be brand new, water, sewer, electrical etc. The house has two bathrooms. The property is a foreclosure. Needs a some updating, cosmetic repairs, A/C. You name it, it needs it.

I viewed a property that's in need of utilities. It has no utilities at all. I'm not sure of the cost estimates yet. My plans are to rehab the property. Should I take the "buyer beware" approach and walk away or should I make an offer. Does anyone have first hand experience with a similar situation? Thanks.

For me Laurenda, I started out by reading books in realestate to attending expos, seminars, meetups etc. I still do so, to this day. I find there's no substitute for knowledge. As for as the practical side, I jumped in. I decided not to let fear stand in  the way. It can be rather daunting at first, but I will add you don't have to go at it alone. I'm newbie, still working at finding my first deal (fix & flip). It's a process. Be encouraged  and persevere.

Welcome to the BP family. I agree, Beginners Guide, is a great starting point to get familiar with Investing. Again, welcome! 

Hi BP family,

I recently received an email regarding a multi-family 23 unit apartment complex just outside Houston. So far I've visited the property, taken pictures, and spoken to the broker who works with the owner. I'm a newbie investor, so I don't have a liquid assets to purchase the property, other than the EM required. I've sought funding through my local credit union but, they require too much down to secure funding. And a hard money would request astronomical points and fees. So I've been reading about the master lease agreement, which is an awesome idea (thanks Brandon Turner). Regarding the master lease should I do A intent to purchase contract first, providing they are willing to do the deal?However, I'm not sure what my next step is. Any suggestions and/or advice would be greatly appreciated. 

Thanks BP family, 

Marcus Joseph 

Hi keith, unfortunately I don't have the expertise in the area of multi-family to direct you. Sorry. I'm sure someone on bp does. Try the multi -family forum. Just text in the topic. In no time you'll get a response. Best wishes.

Hi, Welcome to bp. I'm a newbie investor as well. Much like yourself I'm looking for my first deal. Best advice, focus on your first deal. Bp knowledge. 

Take care!

I know there are meetup groups that exist, but I've yet to attend a meeting

I'm in Houston. I look for deals in all areas of the city and its surroundings. I'm a newbie investor/wholesaler.