All Forum Posts by: Yvonne Griffin
Yvonne Griffin has started 3 posts and replied 30 times.
Post: Hello from a Newbie in NC!
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Hello RBH, welcome to BP! I'm not a new member, but feel like I am since I've been away for so long : ) You will find some of the greatest people and advice on this site.
To your success,
Yvonne
Post: Where have I been? Let me update ya!
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Thank you gentlemen for your responses. I did feel just a little skeptical when I asked for a phone number and I dodn't get one.
Post: Okay....This could be big....my first offer...maybe
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Originally posted by "TimWieneke":
Saw that you're NY - curious, was this the buffalo area? Sounds like buffalo numbers. Don't get too worked up. I found things like this in another area. More will come. Before you get worked up on comps and values - determine what this will cash flow. Based on the numbers you posted - this appears to be a high rental area. Areas like this tend not to flip quickly. Be prepared to hold onto a property for some time. Part of that preparation is knowing that it will cash flow while you wait to flip it so you are not killed on holding costs.
And btw - realtors in areas like this know what they are doing when they show you high comps. You're not the first investor they've sold to. Never forget that their purpose in life is one thing - to get you to buy the property.
Tim
Tim, this is further upstate that Buffalo. Potsdam to be exact.
Post: Where have I been? Let me update ya!
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Hello BP members!
Okay, last time I posted a question, I was looking for help with my forst wholesale deal. That was awhile ago and I just wanted to pop in and tell everyone what I am presently up to.
I approached a couple of local investors about them possibly being added to my buyers list and I ran into some road blocks. They were very skeptical since they have never heard of wholesaling and asked me questions about who I'm working with, am I licensed, and yada, yada...
After running into that, I thought I would safeguard myself by starting my own buisness, Higher Heights Real Estate Services LLC. I am continuing to educate myself, I have a website, and am just trying to network as much as I can. I have been looking for properties using a realtor and am on my way. I do have a couple of questions though.
1.) I got an e-mail from an investor who says he wants to invest in my business. He wants to see my business plan and I asked him what he wants in return and he said an equity position. Now, I have an idea of what that means, but can someone with more experience explain?
2.) My buisness plan- Should I assume that he wants to help with the whole business venture or just wholesaling? He wasn't very specific. My company offers a variety of services, should I just put all of the services in the plan? I guess I just need help deciphering how much to ask for. What I really need is a partner to join me...should I just say that I would prefer that?
Any and all responses will be helpful :D
Post: Newbie from Western Mass here!!!
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Hello Chris!
Welcome, welcome, welcome to Bigger Pockets! Both you and your wife will learn plenty from the very resorceful site!
Post: Hey yo from Indianapolis, IN
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Welcome Patrick!!
Post: New guy here
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Welcome to BP!
Post: Laguna Beach Real Estate
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Welcome Rory- to BP!
Post: New to BP - industry expert
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Welcome to BP, Rich!
Post: A really real estate newbie
- Real Estate Investor
- Raleigh, NC
- Posts 35
- Votes 1
Hey Cobs!
Welcome to the BP fam! You'll learn a lot and share alot!