All Forum Posts by: Sulaiman Shah

Hi I am entering my criteria for Direct Mail Marketing in ListSource and I wanted to know if entering 15%-100% equity is a good idea since I am looking for homes with alteast 15% equity. Also I see most people prefer to mail to absentee owners and I feel as if sending to occupied owners who may possibly be in distress is a good idea. What do you recommend?

Every time I have called an agent or broker for information on a property which I thought was a potential investment have all been under contract. Does this mean I am jumping on the properties too late because they are good investments or is the MLS just that behind on updates on whether a home is still available to purchase? I am only looking on the MLS so far.

i prefer to find homes on which i can do some light rehab to gain experience on working with contractors and how much time and money it may cost. Maybe even use a hard money loan for rehab and then refinance. 

Wow thanks I really appreciate the tips. I actually just cameback from a Real Estate Workshop. May I ask how many deals you have done so far? I need to learn how to use listsource because it looks like a complicated website. 

I have been looking for properties on the MLS. I think I will try Direct Mail Marketing in my area to see what kind of options come up. I'm going to stick with properties in my area for the first few properties. Thanks for the help

Hi, I am trying to purchase my first property. I am looking for Single Family homes with 3+ beds and 15% equity or more. I am looking for a rental property and so far I found one or two properties which I called for and were already under contract. I am looking in the markets of Memphis, TN, NJ and Orlando, Fl. I go through many properties and run the numbers whether they have at least 13% cash on cash return. So far I found one but sold. What am I missing or is my criteria crazy? I have a little over 30k for down payment and I am also interested in owner occupied investment in my city of NYC.

Hi, I am trying to purchase my first property. I am looking for Single Family homes with 3+ beds and 15% equity or more. I am looking for a rental property and so far I found one or two properties which I called for and were already under contract. I am looking in the markets of Memphis, TN, NJ and Orlando, Fl. I go through many properties and run the numbers whether they have at least 13% cash on cash return. So far I found one but sold. What am I missing or is my criteria crazy? I have a little over 30k for down payment and I am also interested in owner occupied investment in my city of NYC. 

I'm looking for rentals

I'm 22 years old now. I am educating myself as much as possible in Real Estate by reading books, watching videos and other networking. But if it takes 7 years, I'm going to need to use someone else's credit.

Yes I am establishing my credit. I only have a credit history of 2 months so far and I need at least 6 months for a FICO score. I am just paying my bills on time and paying off the credit each month.