All Forum Posts by: Abraham Shamosh

Quote from @Patricia Steiner:

Please do this first:  contact the local Housing Authority office in your market area and obtain the landlord package. It's available online in most municipalities.  Section 8 can be a profitable and reliable resource but it is 'their ball, their court' so know the rules first. Also, you need to be prepared to screen prospective tenants yourself and verify vouchers before committing to lease. Do your homework first - then you'll be ready for a more meaningful conversation with a landlord.

Best...

Thanks for your response. 

so I have researched the rates and I understand that screening a tenant is crucial. 

mu biggest concerns are the carrying costs until a tenant is filled as I’ve heard the process can take up to 3 months to find a tenant. That’s 3 months of mortgage out of pocket and can make Chas flow negative. 

im also curious if people have experience doing section 8 in b neighborhoods or just c and d

Hi,

Would like to ask a few questions and discuss. I’m looking to connect with section 8 landlords. Please send me request or comment below. 

Hi All,

I  heard a lot about wholesaling real estate and it’s sounds like a good way to enter real estate with a low investment.

Only thing is I get very skeptical when I see gurus on YouTube pushing and selling courses for certain industries. 

My question is, anyone here do wholesale real estate first hand ? And is it feasible and similar to what I’ve heard upon doing my research. 

Thanks 

Hi All,
so I have a property that’s a 3 bed 2 and half bath. My mortgage was $2,054 and I rented out for $2,750, great!

Now my insurance agent forgot to put flood insurance last year so they double billed me at once causing me to have an escrow shortage ever since then, when taxes get paid they have to do an escrow advance and always in shortage. This my new mortgage payment being $2,805 from $2,054!!

what can I do to fix this and become profitable again ?

Hey,

Im sure most of you follow traded NY.. How are these guys making money buying at a 5 cap? Would love to understand this 

Quote from @Bob S.:

Quote from @Abraham Shamosh:

Whats a good Tool to analyze a commercial properties sale and owner history ?

 All due respect, if you need a " tool "then you should not be doing the deal. Please connect with someone doing deals, learn then apply what you learn. Any property on any street in any of my markets I can tell you yes or no in 20 second without a tool

LEARN then apply, it really is not difficult.

Good Luck and all the best to you 
  

 if i would like to see how much a building sold in past and its history you would need some sort of database or tool, nothing to do with connecting to someone doing deals...

Whats a good Tool to analyze a commercial properties sale and owner history ?

is this cutler Bay,FL ? 

Hey Love it!

Can you provide a deal breakdown?

Purchase price:

Down payment:

How did you finance the deal/intrest:

Quote from @Eric Greenberg:

What type of mortgage and rate do you have on that property? Do you have a primary with equity? A 401k to borrow from? 

 no 401k just a traditional 30 year mortgage with pnc 4.25%