All Forum Posts by: David Michael

@Mincey Edwards

It takes a lot for someone to leave the streets behind. I commend you for that. Trying to better yourself and break the cycle.

As for your investing career absorb all you can save up as much and you’ll be fine and ask as much as you can.

Quick tip ! So other can take you serious your first step is to complete your profile on BiggerPockets. That’s a huge step.

@Frankie Paterno

Hello I’m in hasbrouck heights NJ

@Yarnell Frazier

Check the file vault of bigger pockets for a document to use.

@Tom O'Donnell

Congratulations

Keep in mind scarcity is not enough to jump in. Keep in mind that numbers will be inflated and that without a ball park number the seller is testing the grounds.

@Raphael Roman

Count me in !

@Jaise John

What questions do you have ?

I have redeveloped several homes from the ground up and could provide insight as needed.

If your looking for funding @accolend and the team there can get you set up with great terms and rates.

Good luck on your journey. After this successful flip you’ll be addicted :)

@Mincey Edwards

From my experiences with wholesalers there’s not much there. If your looking to fix and flip and have good credit contact Accolend or a community bank.

From wholesaling what do you want to do

@Angel Dross

I haven’t heard anything in the news.

We are using the water fine at our rentals and residence.

This is where there is issue with the lead. https://www.nj.com/news/2019/10/map-shows-where-lead-pipes-are-carrying-drinking-water-in-nj.html

@Dustin Williams

Welcome to BiggerPockets!!!

What area are you looking to invest in ?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $230,000
Cash invested: $455,000
Sale price: $740,000

This home was purchased from the sheriff sale. After the occupant was removed, construction began on January 2 and commenced till May 17,2019.

What made you interested in investing in this type of deal?

I specialize in New construction and Distressed Properties.

How did you find this deal and how did you negotiate it?

This deal was up for sale in the sheriff sale. There is no negotiating except sticking to your purchase price in mind.

How did you finance this deal?

This deal was purchased and development all cash

How did you add value to the deal?

I added about 2200sqft to the existing home structure.

What was the outcome?

House was sold before it hit the market. Clients are beyond happy !

Lessons learned? Challenges?

Challenges for this one is that the winter can slow things down extensively

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

2hard Construction for Masonary
I represented myself as an agent