All Forum Posts by: D Jones
D Jones has started 1 posts and replied 3 times.
Post: Please HELP me make this purchase!!
- Dallas, TX
- Posts 5
- Votes 0
Thank all of you guys for responding. Y'all <------ (it is a Texas thing...lol) are awesome and soooo knowlegable when it comes to this real estate thing. I am still optimistic and I hope that I will soon find my first deal and get things moving in my favor very soon. Please feel free to stop by to drop some words of wisdom/tips/knowledge/real estate science on me anytime that you can think of something that may be useful to me as a new investor.
BY THE WAY: if anyone would be interested in allowing me to birddog for you on some deals, I am in Texas (Dallas area) and I need all of the experience AND money that I can aquire so that I can get some reserve cash stored AND I am seeking as many personal mentors as possible :help: . Please let me know and i will send you my contact information.
Thanks,
-DJ :rock:
Post: Please HELP me make this purchase!!
- Dallas, TX
- Posts 5
- Votes 0
Originally posted by Jon Holdman:
As far as buying with nothing down, you could get the seller to give you 100% financing.
Buy it with a lease option where you pay only a small option fee.
Lease it with a master lease, which gives you possession, but not ownership. You sublease the units and pocket the difference between the rents you charge and the rent you pay.
Get a partner to put in the down payment, closing costs and working capital. You'll unfortunately probably give up almost all your profit to this partner, but a four plex is only going to give you a few hundred a month in profit anyway.
Thanks for responding! Just a couple of questions. 1. How do I approach the owner and convince him/her to give me their property using the options that you gave? Is there something that I can say that would be persuading? What do you think is the best way for me to start in real estate investing in order to get some cash on reserve? Sorry if these questions seem like common sense questions, BUT I honestly want to become an investor and I just have a lot of questions and NO answers.
I appreciate your time! :oops:
Post: Please HELP me make this purchase!!
- Dallas, TX
- Posts 5
- Votes 0
I am a newbie and I would be so gracious if I could find someone to help me acquire this property that I have been checking out. It is a small multifamily unit with two tenants and the other two units are vacant. My questions is: WHAT IN THE WORLD AM I SUPPOSED TO DO TO GET THIS PROPERTY WITH NO MONEY DOWN[u]???? Please HELP!!
-THANKS :lol: