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All Forum Posts by: Silas Caporal

Silas Caporal has started 1 posts and replied 3 times.

Starting Out

Post: Real Estate Investing Rookie! HTX

Silas CaporalPosted
  • Houston, TX
  • Posts 3
  • Votes 1
Originally posted by @Chris Bounds:

Welcome to BP @Silas Caporal.  Good luck with your first purchase.  What is your exit strategy?  Rental or flip?

 It's gonna be a rental. As far as exit strategy, I'm gonna flip the house for a down payment when I see decent deal. 

0 Votes
Starting Out

Post: Real Estate Investing Rookie! HTX

Silas CaporalPosted
  • Houston, TX
  • Posts 3
  • Votes 1
Originally posted by @Cory Boren:

You learn how to ride a bike by getting on and peddling not reading it in a book.  Way to take action. Get solid comps and rehab bid and don't buy over 80%.  You pay 2% on the front side purchase and 8% on backside sale. Add in holding costs if you leverage.  

Cory Boren

Investment Broker

832-877-8035

 Can you elaborate on the 8% and 2% sale? Heh still trying to pick up the lingo

0 Votes
Starting Out

Post: Real Estate Investing Rookie! HTX

Silas CaporalPosted
  • Houston, TX
  • Posts 3
  • Votes 1

Hi, BP community! Getting started in the real estate game here in Houston, TX after months of consideration. Closing in on my first SF property this weekend. Any tips or advice for a beginner that you wish you had starting out?

1 Vote