All Forum Posts by: Saurabh Gupta

Thanks everyone!!

Here is the scenario:

My Rental property (SFH, used to be my PR 4 months back) is valued at 1 Million in North jersey

I have 480K debt on it with 2.6 % interest.

I am getting cash flow of 1100 $( may increase in future)

I moved to FL now and got another PR. Now i need some cash to pay 20 % down( its under-construction SFH)

I have option to either sell or keep it using some innovative strategies.

I would like to keep it and want to know if somehow i can raise money (need around 150k) from private investors and give them either some equity in the home(if it's possible?) OR give them preferred returns.

Refinance would increase my interest rate and not only it would eat the cash flow, i have to pay substantially more every month. 

The whole point is if it's possible to keep this interest rate and get 150k out of this home?

thanks, @David Vanlandingham, @Shawn McCormick, & @Giuseppe Pavone!! 

 Thanks, Shawm, I will review those areas. My strategy is to buy and hold ( you asked about the primary goal). How about Saint Cloud and Harmony area( around narcossee rd and 192)?

Hello All, i am planning to invest ( TW & SFH) in the Lake Nona region and the upcoming Neo city area in the Kissimmee area. However, the way the current housing market is, it's very difficult to get a deal on resale ( not looking for a fixer-upper, mostly turn-key or minimal rehab) and it seems new construction is the way out. I am curious how other investors are approaching to invest.

Thanks, @Taylor L. I will reach out to him for guidance.

Hello All. I have invested so far going solo. A few of my friends approached me to help them buy a deal ( SFH, TW, Condos) and I am working to create a partnership( they bring funds, i bring a deal). I have also scheduled a call with a real estate attorney to understand partnerships and things to consider that I may not know..I am curious how people here do partnership deals and suggestions on things to consider to ensure it's a win-win situation.( Partnership would be only me and other people). I also understand that partnership deals are mostly unique based on each circumstance.

Perfect, thanks @Shawn McCormick!!

Hello All, I am looking for an experienced real estate attorney who focuses on contracts, title, and closing and has good experience working with investors.

Hello All. I want to understand the REO structure/analysis for New Jersey property. Looking for some assistance from someone who has an experience and willing to guide me ( may be a quick call?) The property in question is occupied and neither i have dealt with Reo nor have any understanding of an eviction process under these situations. Also there is no pictures of house inside so not sure about the condition anyways.