All Forum Posts by: Richard Bradshaw

@Eric DeVito My mom thought I was wasting my time investing, thought I'd lose my money. I ignored her and 3 rental properties later and other investments, she's asking me how she can invest also. 

What part of Reading is it in for $100k? 

I am willing to take a look at it. PM me 

Would they be willing to sell them separately? 

Feel free to send anything in those counties (minus Bucks) my way. What is the name of the company you work for? 

Where do you guys market to? @Mark Nanashee

There is no tax for pulling equity out of your property. 

You would factor that into your analysis when you're looking for the deal. If you want a certain spread, you can add that to your rent but you also don't want to make the rent so high that no one will rent the place. 

As I said in my first post, you need to worry about educating your self through reading and understanding everything. Its all about knowing what a deal looks like and making sure the numbers work. @James Hornbeck

You sounds green so here what I think someone at zero should do. 

Read books, go to networking events in your area/talk to those investors ask questions, figure out what kind of properties you want to flip and the neighborhoods you want to flip in, save those searches in Zillow's app and look at the results everyday (this will give you a good idea of what properties sell for in those areas). Educate yourself and take action.

If you're purchase and rehab costs are less than 80% of the ARV then yes you can pull money out, yes the payments will increase. No, there is no rule of thumb on the amount your payment will increase. Find a mortgage calculator (google), put in the different figures on house much you think you'll borrow at X% and compare the differences.