All Forum Posts by: Steve Lawrence Sr.

What are some creative ways to structure an Owner Finance Deal? I came a cross a tired landlord that has a property he's willing to sell for 85k. 4 side brick detached 2 car garage on 3/4 acre corner lot. At that price there's not a lot of room to do a wholesale deal as the comps are coming in around 105 to 110K. Since it has a tenant paying 900 a month in it, I thought this may be a good buy and hold. 

Thanks that helps

Definitely, I asked that question before I asked about the fees

The property in question is a Condo that is bank owned and is practically rent ready. It is a bank foreclosure but it has a monthly HOA fee of 230. Should properties with these sort of fees be avoided?

What's a good strategy for approaching homeowners that are in Pre-Foreclosure as a wholesaler?

Thanks Brandon, is it feasible to use HELOC funds to purchase properties?

What are the advantages/disadvantages of a HELOC vs business credit cards with 0 interest for employing BRRRR for growing RE portfolio?

What is a general recourse for tenants that do not provide renters insurance in the time specified at the time agreed upon in the lease?

I recently took possession of a property that was left to me by my mother. It's in the New Orleans area so it was completely refurbished in 2008. My brother and I own it free and clear. I currently have tenants in the property and have kind of fell into being a landlord. Needless to say I've got the REI bug now. Through some research I've found a few properties in the area that potentially could have monthly cash flow of 8-11% cash on cash ROI. that' just numbers I got from what I've learned here on BP and using the tools provided. I'm wondering if it would be feasible to use Private Lender, Credit Cards or Hard Money as a down payment on another property and after 6mos to a year do a refi pay off the initial investment and let the tenants pay the mortgage. What say you BP members is this a reasonable strategy? What could be potential negatives with this moving forward?

Got a couple question about funding/finding deals. 1. Has anyone had any experience with Fund and Grow. 2. Is it worth buying HUD and or Foreclosure list to find deals?