All Forum Posts by: Vermar White

i believe your best bet is to spend some time and a little money on R.E.I. training but with the money you do have you can purchase a few sfh turn key properties in areas and states where your roi will be higher and you not only get passive income but experience and a paper networth that will help you qualify for the bigger more expensive nyc properties.

good luck

hello Eli, 

there are brokers who handle the selling of (turnkey/cash flowing) properties especially in the nyc area. i myself am an agent and a lot of my sellers are actual landlords that don't want to deal with tenants anymore so they list their properties for sale but delivered "not vacant". 

its up to the new buyer if they wish to purchase the property already cash flowing or if they want to do a cash for keys situation where they pay the tenant to move or they would offer more to the seller to deliver vacant.

every situation is different

Hello fellow investors,

im new to investing, i had my real estate license for 3 yrs, spent thousands on starting my R.E.I. business i have tools and websites that allow me to get all the info on pre foreclosures (lender's attorney info, and borrowers home address), addresses of cash buyers, generic contracts (need a nys attorney to modify), i even have access to POF and funds (100% transactional funding & 50% buy and hold funding) but i can't seem to close my first deal.

i understand i need to have my own attorney and cpa but i have no more funds to pay for their services. i also tried to do some wholesaling but nyc is a tougher market than i thought.

any advice on what i can do?