All Forum Posts by: William Silva

@Jayson Cain Hey, thanks for sharing! I'm actually interested in investing in IN.. How is that working for you? would love to chat.

@Julien Jeannot - yeah, but I fell victim to early success and pretty much retired. Which I painfully regret. I didn't make my earnings work for me. But now I'm older, wiser, and know what is right from wrong so no regrets.

I'd suggest taking a look at the zoning for the property.

Based on what you're saying, it just sounds like one big house Lol. with very little detail, I presume you have a single family property!

 Hey Mara, My company goes Live every single day and does a Live demo of rates for different loan programs. You can start there :) 
https://www.linkedin.com/events/dailymortgagerateslive-9-26-...

I check this site every single day myself. https://www.mortgagenewsdaily.com/

Hope this helps!

@Max Ferguson

was super inactive on here! I apologize for the delayed response.
It was a house hack, I lived in it and rented the other room. I held for 3 years. I never paid a penny out of my own pocket towards the mortgage. I successfully rented the second bedroom and never had it unoccupied. 

Hey Rickey,

generally speaking, investors on this platform are looking for numbers. Try being more direct and you might see more engagement. you are laying out the split terms which is a great start. I think you'll find more success with something like

Project #1 
Purchase price:
Exit strategy:
Is this a fix and flip? is this a buy and hold?

You have to break down the entire deal for an investor to know whether they'd like to take action. "real investors" don't have the time to just chat, they have enough investor friends for that. so try making the post more appealing with all details needed and I can almost guarantee more engagement.

hope that helps and good luck!

Hello BP,

I'm looking for experienced Wholesalers who have deals in the following cities:

Miami
Ft. Lauderdale
Doral

Cape Coral
Ft. Myers

Please send me a DM if you have deals in this area

@Grayson Grzybowski - Using hard money to cover costs, and rehab money can get very EXPENSIVE in todays market. I'd recommend you try to raise private capital. There are some great reads on this and free podcasts that cover this topic.

Essentially, you'd raise the capital, present the investment opportunities to private investors, and then you collect a fee for finding the deal and collect on the upside. I can write an entire page on this but that will take too long. you'd benefit better from reading a book about it.

Unless you are finding a property at a MASSIVE discount, I would not suggest choosing hard money. there is a better chance of the deal going south and then you've ruined your name/credit.

Just an example of being safe: You find a property at 50% under market value that doesn't require TOO much rehab, so in example, you'd want some cosmetic touches, updated kitchen, bathrooms etc. Nothing dealing with an advance flip. this is an example of a better flip to use hard money. It's safer to assume you can pay them back + interest. You'll refinance and be able to comfortably pay your lender back and cash flow.

In todays market, you need to tighten your underwriting to avoid any mistakes. Don't EVER fall in love with a deal. Always rely on your numbers making sense.

My two cents :) 

 Hey Ray, would love to pick you brain about some real estate strategies and funding options 

 How about this perspective… buy now, if rates drop, you refi again. When rates drop, there’s going to be another wave of buyers flooding the market that have been on the sidelines and guess what happens to those properties? They get bids 50k+ above asking and now you’re stuck competing. Buy when others are fearful. Block out bad advice and people telling you it’s not a good time.