All Forum Posts by: Samuel Liapis

Also if anyone could mentor me through a deal that would be greatly appreciated! Just the first one or two so I can get the ball rolling!

i am a fairly new investor. I have 2 properties. The one I live in and another 2 flat which profits $900/month.

I want to accelerate my real estate investing with the BRRRR Strategy but I am having a hard time calculating all the costs. For example I wanted to use a private lender and they usually charge points. There are 2 closing costs. Inspections? Appraisals?

i understand the rehab cost and the cost to purchase the property but I am trying to account for all the costs associated with this strategy before making my first purchase. I am trying to make this first purchase as safe as possible.

Can anyone help me out with all the costs? Or which steps to take? Please message me any articles that explain this or the process I should follow. I would need it to be pretty detailed. Almost step by step.

I would purchase with private money and then refinance with a bank.

Thank you!

thanks a ton guys!

Would you be able to tell me how? Or anyone else for that matter?

I was wondering if you can co-wholesale a property in Illinois or would that be considered brokering? If so how does the process work without breaking the law?

@Donald Hardy Oh thank you, I literally had no idea this would be an issue.. I will have to check.

I was wondering if you guys would consider using vacation incentives for people to buy or sell with you. I am currently contemplating the idea and I was wondering if you would see any downsides to it?

As a part of the program I can sign up anyone else who is interested to offer the same thing. If anyone is interested in giving away vacation incentives message me and I will show you how.

Yes but then you are essentially starting from nothing again. You wouldn't have any bills so that would be great! But you would only be able to save your income from your jobs to start investing again, whereas if you stay in your current situation, you could have the cashflow and your income to compound and buy more properties faster. So instead of a 300k dream home, you are looking at a 2.9 million dollar dream home in south Florida with a dock to park your personal boat.

Ok that's my dream home, but still you get the point =D

They already agreed to a 3% closing cost under the conventional.  Our agent told themwe would do the repairs 

Don't get me wrong if it appraises it is still a good deal that would profit 1700$ a month. But just how they are doing it is pissing me off.