All Forum Posts by: Maggie G.

Hello. 

I am trying to analyze  these two deals .  What do you guys think about these  two 6 Flats for sale , these 2 deals?. Is any of them a good deal or not? Any thought on this. I am a novice and I am trying to analyze those deals .. What price would be acceptable  to make a good deal if I was ready to buy any of them??  what do you guys think would be a reasonable price to buy for rental? Do they produce a ok cash flow or not?  Any thought on this one?

Please help. Thank you

Wow  , hello  Bruce Rauner!!  Thanks for  feedback. yes, I will do  that. that is  a great  advice.  I am looking for  3 flat now, .there was one  affordable  but I was too lat etc buy  it.

thanks  again

Thank you Teresa  for your feedback as well , I will definitely  need to learn about this strategy as well.

Yes, this is a great advice for first time buyers .However I have my single family home already. Home prices in illinois went down since I bought my home , and my home is not worth the money I paid years ago, so I can't  sell it because I would lose money on this deal instead of making it. In order to buy next home which would be investment property  I would need 25% down.I do have an open mind. and I am trying to stay positive. 

You have to have some money to invest! you have to have a money  before you become investor.....

money makes money.....! you can't start with $5000 down ..

Lee,thank you so much for  your  response.  Maybe it is not so  complicated  but it  is not easy either. I bought so many books I don't know where to start, I just read ABC of real estate by Ken McElroy, and yes I learn some but the people are rich , they don't tell you how to start with no money or little money. once you are rich it is easy because you get loan with no money down, you buy  home with no money down because they know you because you are rich but me? I called few  banks and the won't borrow mw any money without  25% down ...no way!! no way around it........unfortunately. 

Thank you. I am currently looking for such property with no luck. Usually investors buy these homes  and they buy them  with CASH or you can buy one at auction.  I bought about 30 books on investing and YES I started reading books and listen Biggerpockets, and Yes I have a lot to learn , it is going to take me  years to learn it all probably.......

thank you so much Edwin for your post. and Yes I will need a Luck also, so thanks !

My attitude is  ok, but this un a bit unrealistic Josh.

thank you.  I have a Lot to  learn. yes, unfortunately I don't know how to find them.

thanks

I read BRRR , it is basically buy, rehab , rent and refinance , but this method takes some cash and some time.in some cases doesn't work because property doesn't need any renovation at all.......

I heard few investors on bigger pockets  podcasts saying that they buy and refinance  by taking ALL Money out  -100%  which is NOT possible, because bank won't let you do that..Also other investor they say they buy large  investment building with no cash down which is not possible  either.. What are they talking about ? this  is  a crap!!! this is not true!