All Forum Posts by: Richard Fields

 Yes you can

My first offer is always 70% of ARV minus rehab

That's why I would never put less then 20% down. That's just me. I hate PMI

I don't know if it's allowed to give his name here. Connect with me and I'll message you my guys name. He knows what you're looking for, he used to own 10 rentals of his own. He just got me a good deal on a fully rented triplex 

Sweet. Congratulations

Paulette Midgette is right about the class. It is very informative. You can also watch a recorded class on the website

The REOs that I've made offers on usually come back and say they have multiple offers, so they ask for highest and best offer

With the 203k loan, you will have to live in the property for at leas a year before you can sell or rent it

I'd suggest going to an auction and watching how the process works. Be prepared to spend a few hours there

I'm in negotiations now for a triplex with 3 long term tenants paying about $100 under market, but I would still be getting a little over 11% COC return at the current rent. The first floor pays a little more then the mortgage alone. She has been there 10 years and the gentleman on the second floor 5 years. I'm going.g to leave the rents where they are for as long as they stay. When they do move, I'll upgrade the units and bring the rents up to market

Just my opinion, but as long as you're cash flowing and the tenants are good, I'd do whatever I could to keep them