All Forum Posts by: Aaron T.

Welcome Joel. Are you looking to flip, buy and hold, or wholesale deals? 

What is the benefit of buying this from you or the MLS?

Rob,

If I were to call you on the phone today, would you loan me money for a flip? The answer is "No". why? because Maybe i have never done a flip before and dont have a track record for you to feel comfortable loaning the money. BUT, a HML will do it....for a cost. That is the cost of doing business. if you are running your numbers right, you can use a HML and still make money to start track record, or get a property under contact quick with funding.

If this property is a buy and hold or flip, I would have to pay a Private money lender 8-12%, and they would have to either front the down payment or the whole purchase. A bank will loan me money at 3-5%  leveraged.

There is a place for Private money, HML, Banks, and your own money. Everyone will work with what they have at hand and mitigate risk by running numbers correctly and still come out ahead.

P.S. If you will loan me money, send me a PM. ;O)

 Because not everyone is luckily enough or experienced enough to have private money available, so you play the hand you are dealt. 

I dont think buying an investment property with a bank note will preclude you from buying a home. If you have the capital to do it, buy the investment with a bank note. when you buy your home, show them the numbers that your income property generates income, has a lease in place, and demonstrate your potential. 

I assume you want more buy and holds in the future, so the best thing to just get started.

Your title says real estate investor, so i assume you have the resources to prove yourself a reputable person to the banks you work with on a regular basis.

So i learned about a couple new websites on this thread. What is the difference between the paid reports from rentometer, rentfaxpro, and rentrange?Is one better than the other?

also what are the costs per report?

 Then why would anyone pay you 1k for advice? or did i miss the "I am joking font"?

 James are you a lawyer?

I grew up in homestead, a lot changed there after the hurricane; some better and some worse. 

I still find my way down there more often than i want to. 

Chetan, for what its worth you may want to scrub your list a little better. all but a couple are either on the MLS or for sale in other areas.

some of your prices are higher than the list price, there are a couple that are a little lower, but nothing a buyer could not negotiate to.