All Forum Posts by: Morry Eghbal

You have a deal and looking for a cash buyer, go on zillow contact the agents in those areas tell them this is what you need and willing to pay up to 6% commission...for a cash buyer and you will sign a one time listing (open listing) if they have a buyers...than see how many people will contact you.

Stay away from areas that you can not even go collect the rent in a day time.

If the bank does not finance it the way it is, than you have no choice but to pay for it  all cash. 

As to how much money to take out?  It depends how much can you rent it out for?

This is what I would do. If I can rent it out for $600 a month, I want my payment to be no more than $300. You will avoid much financial stress.

Finally, If you can pay for it and have paid off...that is even a better deal.

Best wishes to you.

Even if you do an Exchange you still be in the same financial situation, unless the property you are getting has more income. 

My suggestion, if it pays for itself, leave it alone, twenty years from now you have a paid off property that will be a cash cow. Neither take any money out.

I would do this, if you have a cash flow, give it back to the lender and you pay it off much sooner.

Refer it to a Realtor who does short sale. one day he might refer a deal that will work for you.

I like Michell L answer, smart!

You might  even be able send a flyer to the investors club there and ask them to pass it on to their members.

I am giving you one tip that you will thank me when you have your license.

Take the crash course twice, two weekend in a row before you take you state test. 

Remember a good portion you have to learn to pass your test is just state requirement and you will not use them. 

Those guys are professional will teach you the answers to the questions, really you just have to memorize the answers.

God bless;

Do it friend, but as for getting more deals like this, give it 6 months until you get a hang of it.  

Elizabeth what is your price criterias?

Welcome to the community friend.