Hello,I am looking to purchase a house on Long Island, NY. Potentially a multi-family where I would live in half of it. I have been listening to the podcasts and they keep mentioning the 2% rule where each months re...
Background:
One of the agents in my office just got a nice short sale listing. I plan to make an offer of 600k and market value is around 740k. I will get funding and the deal to close 31 days after I close the A-B...
Question…is it possible for a cash out refi to be completed on a home that was closed under six months ago? I have searched and found the answer to be no. But wasn’t sure if there were lenders out there that would con...
What type of profit margins on your wholesale deals are you working with?It seams to me that the margins are getting smaller for wholesalers here in Las Vegas. Specially when trying to sell the deal to another investo...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $203,000
Cash invested: $29,764
Sale price: $264,900
The true NO MONEY down Fix & Flip!
3/2 2600sf home...g...
Hello All,
I've always been an avid entrepreneur and coming off of closing my business, I'm looking for other opportunities.
My business was in sales and I had to close it due to the bad economy so my credit took a ...
Hi all,We are fairly new to the real estate investing market. We recently sold 8 units and are looking to reinvest our proceeds (we have already screwed up our 1031 exchange, lesson learned). We have friends who hav...
Been posting quite a lot here lately and I’m more confused than ever , I have access to a large sum of money through HELOC and was ready to start fixing and flipping but recently went to a real estate convention and w...
I am looking a restaurant deal that the seller would like to lease option.
He has told me that his NOI is approx 900K and he also says the restaurant grosses approx 1mil. With a sale price of 1.4mil.
W...
Hello all,I am developing a partnership with 3 other people who I know and trust well. We are looking to fix and flip our first 2-3 deals and use the profits to scale up towards buy and hold strategies. This will be t...