Patrick Philip
How can a newbie make money in a hot market?
I live near Orlando. I just read an article that said this is the hottest market in the country for rise in home values. From talking to wholesalers, deals are hard to find. The deals they do have are trading at 85% a...
Niraj S.
Seller financing deal analysis
Hi everyone!I have a pocket listing brought to me by my agent. The owner is elderly and is wanting to sell her 3 bed/2 bath ranch style home for 300K (neighborhood comps are between 320-330K). The house does need a c...
Luke Weber
Formulas don't work, every deal is different
When I am dealing with wholesalers or Realtors they almost always ask for my formula. I tell them, there is no formula, if you think it is a deal, send it to me and I'll run MY numbers on it and let you know.
If it ...
Jon Anderson
Finding a deal that’s not a scam
Looking for my first flip. We’re all looking for a deal. I’m trying to determine where I can find the best deal. It seems that auction sites are just in it for themselves and are not really above board. auction.com ha...
Rico See
Accepting partial rent payments
I have a late paying renter in a turnkey property in Memphis,TN. The management company is accepting partial rent payments from the tenant. I know in California if a landlord accepts partial rent, that may have a...
Patrick Philip
Problem with rebuilding?
Some of the wholesale listings I get say possible tear down and rebuild. I would do this if the number worked, but my problem is that I would have to pay an architect thousands of dollars for a set of drawings before ...
Lakyra Muenzhuber
Advice for someone wanting to get into real estate development
Hello,
I am new to investing and real estate as a whole. I'm currently in college with the goal to be a real estate developer, so how should I go about finding the capital, raising funds, working with experienced inv...
Jonathan Peters
Looking for financial advise and strategy for first investment.
Hi all,I am new to the investment game and would like someone I could connect with in the area to help me develop my best strategy. I live in Trenton, OH so I am between Cincy and Dayton. My dad owned 16 rentals at on...
Benjamin Allen
I want to use commercial loans for multi-families is this good?
I have been finding issues with being able to get a residential loan due to my DTI ratio being close to 41%, with commercial lending can I avoid this qualification? If I decide to use this type of lending what other t...
Nicholas Tortarolo
What is a reasonable discount fee for the sale of receivables with these terms?
Suppose I have $1,000,000 loaned to a dentist to finance his medical equipment (decent credit background). The payments are due monthly over 5 years (60 months). The monthly payment is $21,247.04 for the life of th...