All Forum Posts by: Account Closed

yes its a good investment ask 1,500 get 500 per month 10 month get 5,000 back and from then on is profit, good school district 500 cash flow that thing probably has upside also I don't know Pennsylvania to well but if that was in my neighborhood is a good long term buy.

Do your numbers right, see some people say if you rich is ok if your poor you want positive cash flow, ETC @Adam Juodis

1) Negative will be for a few years.

2) any market if you do number right and get a ok deal you'll be positive even if is 20 bucks is better then no bucks

3) negative cash flow gives you a tax advantage

4) what I do and I don't need the money that much anymore if my cash flow is lets say 180 I set aside 180 towards the property because if there is repairs to be made you'll be getting more and more out of pocket.

5) go out and buy something positive and with that pay the negative and live debt free getting free money every month.  

Yes anytime no problem let me know if i can help @Craig Moore

I do this on daily basis, I have consulting firm that all we do is either buy Bulk or go to house facing pre-foreclosure, I first look into the past and payment records, then investigate your prospect, try none face to face contact methods first, mail, call, email, if you cant get a hold or agreement go with somebody and knock on the door knowing your numbers, and make a offer, your profit margins could be really slim on equity but on the upside could be huge this properties are usually distress, i don't know in your area but in mine it could be dangerous it is pretty lucrative, wants you have the property ready negotiate, with the bank first a buy out you might get a discounted price, before it hits the REO books if its there it would be very hard to get out.

any more questions let me know. 

Hi just a discussing me and my co-worker are having about a magical world, can yo do this ? 

buy a house with the commission you make out of it ? 

i know you don't get paid till the end of escrow but lets assume you find  somebody who wants to sell 

100,000 house you make 5% / 5,000 check that you put towards the down payment of the house. and thats it 0 money used just your licensed and a idea. 

my friend says no because you need to put the money into escrow for down payment i know that i said,   my solution was go get a loan at anyplace for 5,000 put it down then when your check comes in 45 days pay back the loan and maybe you lots 500 bucks on interest but is it possible ? 

if yes have you done it ? 

Yes Borrow Borrow and Buy i acquired, 16 doors in 18 months, when i was 22 all i started that venture with was an idea and a credit card, i had high paying private equity job so i had outstanding credit and good banking contacts, was making about 4,720 in cash flow but also think the bigger picture about the equity you build thats what i always tell the people i consult, and how much value your properties will gain in the next 5 years. 

So yes 21 in 5 years is easy with good credit the right market and most importantly knowing what your doing. 

Hello, Sonya 

I am Paul, I am my self a commercial and multifamily investor and also worked for a large Private equity,  firm with a huge portfolio, Residential, Commercial, you name it they have it, if you want to start with little to no money what i will advice you to do is. this 7 steps 

1) find a market 

2) find your budget

3) study the different lending methods ( HML, Bridge, Conventional ETC )

4) find a deal a real deal and run it by my or by BP or somebody with a little more experience before rushing into buying 

5) forget about the cash flow at the beginning  focus, on equity building and steady tenants. 

6) buy and hold or fix and sell ? 

7) DONT RUSH CAUSE A DEAL SEEMS LIKE A GOOD DEAL. STUDY STUDY MORE, START SMALLER LEARN FROM MISTAKES WE ALL MAKE THEM 

I will have to say north county, Oceanside, Escondido are also good investment properties you would get a hire cap rate, and a continuing growth in value more then southern county. 

hi I am new to Carlsbad I used to work in a land banking company and did some acquiring and selling multi family and bulk reo for them, I am currently a consultant for first time bulk buyers and joint ventures I have big past with hedge funds and private equity type real estate deals just wanted to see if I could help anybody hopefully when I needed somebody will help me