All Forum Posts by: Michael Hernandez

Hi I have a friend who is buying his first duplex using a VA loan he's in the process of evicting a tenant because he needs to move into one of the units but is having problems the tenant is on a month to month lease and he gave her a 30 day notice to leave. Since then she's hired a lawyer because she felt that it's unfair that shes only getting 30 days notice. she supposed to move out on the 26th of November she wants him to use the security deposit as last month rent but my friend runs the risk of the place being trashed if he does accept this will he still be able to fight for more money if the place does end up trashed and is there anything he can do to fight her to get the last months rent

Looking for cash buyers in Denver area to send deals to.

I’m new to fix and flipping I may have came across a deal and was wondering if anyone could help me out with it make sure I’m not the right track before I actually start. Thanks

So I barely moved out to Colorado always wanted to start in real estate i opened my business and everything and trying to get a duplex and rent both units out but have no money I was thinking maybe a loan cause I did get approved for up to 100k but was also thinking of maybe a private money loan but need a couple of other opinions. How would you guys go about this with the spot I’m in.

New to real estate and was wondering is there a way to start a flip with absolutely no money of you’re a just a little bit curious 

 Would it be best if I started out wholesaling? I have no type or income as of right now to pay back that loan 

I’ve been out of a job for 3 months and with my girlfriend just losing her job we’re both ready to jump into real estate. I’ve always been wanting to jump into it but never have, and now I’m starting to take this serious and chase it. 

I found a on market property selling for 102,950 3 beds 1 bath 972sqft when I run comps I’m only looking for houses that have been renovated to see what it’s selling at. 

Comp 1 is at 179,100 3 beds 2 baths 1376 

Comp 2  is at 139,000 3 beds 1 bath 1347sqft

Comp 3 is at 127,900 3 beds 2 baths 1298sqft
  once I run comps I add up the prices of the houses and divide it by 3 to give me an average number of 148,666 and am using 60,000 for renovations all in at 208,666 and 70 percent of that is 146,066 and that is the lowest I can go to purchase the property? Any help would be very appreciated