All Forum Posts by: Ricardo S.

What type of deals do you prefer to see on your table? Single family rehabs?, multiplexes?, apartment buildings etc? @sean 

@Sean Molloy undefined

@Account Closed I live in Brooklyn. Are you a cash buyer or are you using a hard money lender?

@Darren Sager 

Thanks for organizing this and sounds like an interesting. Count me in.

If you are just starting out. Which areas around NEW YORK CITY do you target your mailing list and marketing in (out of state overs specifically)? I ask because the homes around here are Very Expensive and thus would be harder to sell. Even to an investor.

What are your thoughts?

do you recommend I focus on another group maybe second morguage homes?

Here my question:

I am new to the forums but I've been stalking around for quite some time listing to the podcasts and questions etc..

I'm currently broke. 21 years old BUT I have about $13,000s Line of credit from 2 credit cards with above average credit score.

Im trying to fit the pieces of the Wholesaling process together so far I can understand this much

Start->mailing list -> get a potential good deal-> assignment contract-> find a buyer->add markup price->Buyer contract?-> double close-> make money->end

is this correct? am I missing anything?

Hey I'm new. Well not really

I've been stalking the forums looks for answers to my questions but now Ive decided to sign up.

Heres my question;

I live in Brooklyn. I know that houses here are very expensive, even if they are in bad condition. Say in the high $200,000s at least. My question is do most investors in new york city spend their money investing in places onside the city? Like NJ or upstate New York? I know homes over there are much cheaper so the numbers would be easier to work with. Btw I am specifically speaking for fairly new real estate investors not people who are loaded with $$$.

Which area do you NYC wholesalers find properties? Where do you find properties if you want to do a flip?

Also if you want to use a HML to fund a flip lets say. Does the HML have to reside in that state for the deal to be approved?

How do wholesalers find investors? the only response I see here is the REI meetings.