All Forum Posts by: Zaheer Jabbar

Thanks Jeremy, I understand it is a decision I have to make. I think will go with the duplex. Where I am investing, Flipping is very slow but renting is on the demand. But I. Love that single family residential. 

I am 39 and I would like to tell you: I don't need the whole million dollar. Just give me $325,000, plus the closing cost I see for a diner in Pennsylvania which grossed about $8500 a week. It is in a very prime business spot and the owner is old and tired and wants to retire.

The first level is used for the diner and the second could be use for as I was thinking: coffee and pastries, and bagels and all of the sorts.

Save and use  part of the profit to fund more multiplex which have businesses contracts and take it from there.

Remember, you still have $675,000. So if you want to be conservative, you can buy reputable city bonds like from New York city and that would bring in a portion of income. I say buy $200,000 ,in New York city water bonds.

The remaining: if you want you can be a hard money lenders to help small guys like me....lol

From one Newbie to another, I have to tell you: the reason everyone gets into real estate is for profit. So any deal you go on, the numbers must always make sense. In other words you have to have sufficient gains on the deal to make it worth it. Therefore, learn the numbers, and the fundamentals of real estate...

Dear Friends,

I hope you can remember me. I am the newbie who was asking advise on the methods of financing a 3rd property and I was advised to used the equity from one of my properties to finance the 3rd. And, so the good news is: Wells and Fargo, is in the process of approval stage.

Here, I will have to  decide my choices. 

There is a duplex with no work to be done, which grossed $1250.00 monthly, there is positive cash flow. I can get this property for ,$25,500. However, the resale Value or appreciation is very poor.

The second choice as I mentioned before, is a nice single family home In a nice neighborhood. The price is the same but I have to do lots of work, about $6,000 and there after the resale value could go for $46,000. The rentak income could be for $700 per month.

Which one you think I should go with and give your reasons. Please.

Please help me to grow. I will listen to sound advice. I was told to go with the credit lines of the two last homes which are mortgage free and I did.

Please  tell me more...thanks in advance.

Hey Minh lee others, Thanks a great lot for the input. I think i will go with the HELOC. It will be a good Idea. I will like to show you guys the work i did on the second property, all i did myself, like the kitchen cupboard, doors windows, etc, to bring it up to standard but somehow i cant get the images upload. I like to show you the 3rd investment property that i have my eyes on

I invest in low income houses. The first property is estimated at a conservative value of  $41000, the Second is $30000. The 3rd property I could make an offer for 26000, it can give me an income for $750.00. After repairs on this house could be at $45000. Yes, I would still cash flow. Also, I have a job. If i refinance  or take a mortgage, my payments wouldn't be more 200 per month.  I can pay that with my salary...what do you think: s mortgage or refinance. Do you think refinancing would reduce the value of my small profile..

I have two investment properties bring in a total of 1400 per month. Both of these properties are mortgage free. I would like to buy a third property. Should I buy it with the equity of the second investment or take out a mortgage? Remember,  I am a newbie. .

Warren Buffer in a Squawk Box interview revealed if he had the time and patience or if he were somewhat broke, would have gotten into real estate residential investing. In that three hour interview, he mentioned it three times. Warren strongly believes in the American economy and the basic common sense that in spite of hard times, people have to eat, drive, sleep, shelter, take care of themselves and every of his investment reflects the common needs of humans. It is worthy to note Warren bought his first stock at a time when America was about to enguage in war and ever since all his investments sustained worth or value in spite of difficult times. Warren encourages the urgency to buy houses. He said once you have a job that will last and the interest rates low, take advantage of the fact that lower interest rates will reduce your overall buy and will gradually increase your real estate value as the economy slowly rebounds. People will have to sleep and shelter somewhere, why not an affordable Home.

Hey Dexter, thanks for the input, and I can see where you are coming from. I wish I had you skills of building, however, taken into  consideration my financial position, especially after the closing of the second property, i will have no choice to use a 20% as a down payment from the second property and have the portfolio lender lend me a mortgage of 80% for the 3rd property. I have no other choice for the purchasing of the 3rd property. I prefer the old fashion way, for now until i get better. Please note only 20% will be borrowed from the second house.

 I have faith it will work out.. i am not worried  at all. The only problem i have is that the local agents increased the house prices 1% in 6 months and my fear is in years to come these houses will get too expensive to buy according to my pocket.

i paid $32,700. Its not bad at all. The school is just behind tne house, and within quarter mile you get dollar general  and and all  the marts