All Forum Posts by: Ma D.

Please send me more details: [email protected]

Interested in others as well.

Add me to your list for other properties. thanks

interested in Dallas. [email protected]

Thanks for the input everyone. I'm in NY state. My biggest fear is dealing with tenants if they don't want to leave. Perhaps I can put a contingency on seller otherwise I'd walk away from the deal. I think if I can get 170-180K for the house. Spent about 60K to fix everything up...that'll be 240K + 20K more for closing cost, utilities, and other unknowns. Total would be $260. I guess I'm looking for 40-50K return assuming no issues with tenants or other lingering problems.

I saw a short sale "2 legal family" property in an up and coming neighborhood. The price is set for 220K. The property itself needs at least 60-80K to fix up. The comps in the area are low 300's though. Here is what I was taking and had questions on: 1) Can I offer less than the asking amount to the bank, say 170K? I'm not sure if they negotiate at all? It would be an all cash offer. 2) There are tenants in the house. Whose responsibility is to ask them to move out? 3) Would it be worth flipping this property or use as rental? The neighborhood is OK but I expect it would be somewhat tough to get good and long term tenants. Appreciate everyones advice. Thanks!

How is turnkey different than a regular 2 unit one would find in MLS? I'm also talking to a management company referred by a friend and their terms are: Property cost - 120K Mgmt Company - 10K (upfront cost??) Mgmt company gets 150/mo for each unit rented Mgmt company also gets 10% of equity once property is sold? Total cost of property I purchase is 130K. Granted I am at very early stages and learning about real estate but mine sounds more absurd I think?

Thank you!

Hi everyone! My name is Musa and I live in North Babylon, NY. I bought my first home as a short sale and fixed it up and currently living in it. Other than that I don't have much experience with real estate investing but would like to learn as much as possible and invest in a property or two in 2015! I would love to get to know anyone local to me and perhaps work together on some deals. Thanks!