All Forum Posts by: Sam Eligwe

Welcome Gary to BP!!! Lisa Martinez does your list of properties extended to the East Coast? Washington, DC/Maryland/Northern Virginia? Thanks

I apologize for the typos. 

Message sent from iPhone. 

I'M STILL READY TO BEGIN THIS VERY MOMENT.

Hello All Investors, I want to work for free as your apprentice, under your wing learning fix and flips, but and hold and other techniques. I will get your coffee, lock up clothes for cleaners WHATEVER IT TAKES to learn about real estate investing from someone who is doing deals. What can I bring to the table? Besides the obvious - Go getter - Relentless - Persistent Licensed Realtor, MLS access and experience, plus I know 1-3 gentlemen looking to invest money on fix and flip investment. THAT IS MY VALUE I'm not looking for a charity case. I want to work, find and close deals and learn the process. I AM WILLING TO RUN EVERY ERRAND IMAGINABLE IN ORDER TO GAIN THAT EXPERIENCE. I WANT TO WORK. Feel free to contact me in whichever firm is suitable. Look forward to hearing from someone!

AMAZING!!! The true definition of handwork and relentlessness. Congrats on a year in the books #wellDone

Ok Ok Ok.....I get it @ky

@Account Closed undefined

Excellent @Jeff J.

I understand. Finding the right deal that has the close to perfect financials is imperative.

I will calculate 45%

@Ky Sharp

WOW You do your numbers quick lol...Offering 20% less that list price. As far as running the numbers I haven't yet.

Do you have a type of spreadsheet formula that you have?

That makes sense. I haven't had any luck thus far with lenders that handle this type of purchase. I will continue working my network, I am confident I can find someone.

In your experience, what type of DP have you used traditionally when doing multi-family investing? 20% or more?

I have a few I am interested in. Here is the link to one : http://www.loopnet.com/lid/18264794

What are your thoughts?

@Account Closed

Hello all,

I am a full time residential real estate agent. I have been in the industry for for the past 5 years and really love what I've learned, and believe Real Estate is the best industry to begin my path towards financial freedom.

Because of that hard work and through years of networking, I have positioned myself with the financial ability to purchase my first multi-family investment.

I have been doing 7 months of research to familiarize myself with the process as a whole, but now I want to put these ideas and concepts into practice. I am just trying to figure out what is the best way to start? I am thinking to begin with 10 - 20 units to obtain the type of cash flow I am looking for. I just want some tips and advice from those who have done this form of investing and who are currently doing this form of investing.

Any information would be extremely helpful in terms of the ideal DP 20%, 30% 50%, perhaps some nationwide lenders. In addition, I will be forming a separate LLC for each apartment to protect my assets, so how does it work in term of getting approved for the initial loan? I understand the second third will be easier, but for the first investment how will the bank approve me, if I have a team of Investors?

Thank you BP