All Forum Posts by: Vince Dyer

My first rental is in the southern suburbs of Chicago.

I have another one under contract, and a potential flip on the way as well.

These are all MLS deals! May seem crazy, but they're out there... just gotta keep lookin.

Lining up funding for the flip... anybody know anyone willing to fund at 12% annualized?

This project will only require about $130k total investment (and whether it's for this one or the next it never hurts to have extra funding ready to go : )

I'm assuming the numbers in California will likely be higher, but as long as the ratios are similar I think the numbers will still work.  

Good luck guys, and don't stop looking!  Cuz they day you do is the day your deal will come and go... real estate gods are sick like that, so always stay vigilant.  8 )

Rahul: Great to see you BP. 

Thanks Larry, Tracie, Steven, & Bernie!

I just started work on it today and man is it exciting!

Might even be able to keep rehab under 6k - fingers crossed...

preciate all your guys' input - this is what keeps me going.

Best of luck to you all.

Vince

Going. 

Hey Ed loved the interview.

Vince

Just closed my first cash flow deal as well. This was a classic cash flow deal. My first cash flow deal after 33 wholesale deals.

So here my first cash flow deal

Purchase Price: $ 86,000

Rehab: $ 6,000

All in the deal: $ 92,000

Appraisal after refi: $ 140,000

Refinance: $ 105,000

Rent: $ 1350

So all done Zero in the deal. Net cash flow $ 480/month.

Now 19 more to go can't wait to speed up the process.

Vince.

Just closed my first cash flow deal. This was a classic cash flow deal. My first cash flow deal after 33 wholesale deals.

So here my first cash flow deal

Purchase Price: $ 86,000

Rehab: $ 6,000

All in the deal: $ 92,000

Appraisal after refi: $ 140,000

Refinance: $ 105,000

Rent: $ 1350

So all done Zero in the deal. Net cash flow $ 480/month.

Now 19 more to go can't wait to speed up the process.

Vince.