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Updated over 15 years ago on . Most recent reply

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D Jones
  • Dallas, TX
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Please HELP me make this purchase!!

D Jones
  • Dallas, TX
Posted

I am a newbie and I would be so gracious if I could find someone to help me acquire this property that I have been checking out. It is a small multifamily unit with two tenants and the other two units are vacant. My questions is: WHAT IN THE WORLD AM I SUPPOSED TO DO TO GET THIS PROPERTY WITH NO MONEY DOWN[u]???? Please HELP!!

-THANKS :lol:

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Sharad M.
  • Carlsbad, CA
1,136
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Sharad M.
  • Carlsbad, CA
Replied

Hi-

I would also like to add that as a newbie, REI can seem like a very easy and quick way to make money, but it is not. When I first started out, every deal seemed like a good deal, but a lot of them are not.

This property that you are considering might be a gem of a deal, but I would highly recommend that you ask people on BP to help you analyze a deal. It's amazing how much I have learned from just reading the posts here. Being a part of BP community and joining REIA are the two best decisions I will make in my REI career.

Don't jump into a deal because you feel like it's the only true deal out there, there are tons of deals out there. Do your due diligence and you will be fine.

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