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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 4 times.

Rehabbing & House Flipping

Post: Wanting to get into fixing and flipping

Account ClosedPosted
  • Posts 4
  • Votes 0

Thanks everyone for the insights and advice

0 Votes
Rehabbing & House Flipping

Post: Wanting to get into fixing and flipping

Account ClosedPosted
  • Posts 4
  • Votes 0

Greetings, all.

I'm a 23 year old male from PTA, South Africa and I'd like to get into fixing and flipping, I've been reading and educating myself on the topic for some months now. Should I just take the plunge and do it, or wait for the pandemic to pass?

0 Votes
Starting Out

Post: Drafting proposal for investor/investor (for OPM)

Account ClosedPosted
  • Posts 4
  • Votes 0

Lotus Gardens, west of Pretoria. I'm yet to find out, haven't seen the owners, but I looked at 5 comps and averaged them, got to R785 800, roughly $56 129, but I want to offer them R745 000, roughly R53 214, the house needs a bit of work.

0 Votes
Starting Out

Post: Drafting proposal for investor/investor (for OPM)

Account ClosedPosted
  • Posts 4
  • Votes 0

Hi guys. I’m a 23 year old male from Pretoria, South Africa and after watching BiggerPockets videos on Youtube, I’ve decided I really want to get into real estate investing.

So there’s a 3 bed, 2 bath house being listed on my street and I’m interested in buying it and renting it out, using OPM. I have no cash of my own so I plan to bring on an investor or partner, and for this I’m going to need to draft a proposal.

There are two things I’d like to know, 1) how does one prepare a proposal/what needs to be included in the proposal, apart from the analysis obviously and 2) how exactly does one find these investors/partners?

Thanks, in advance

0 Votes