All Forum Posts by: Abraham Shamosh
Abraham Shamosh has started 21 posts and replied 46 times.
Hi All,
Hope everyone is well. So I closed on my first rental property a few months ago. Got a good deal from a family friend who sold because he needed cash for a bigger deal. My question is how do I find and grow my portfolio? Where do I find deals brokers ?
Post: Our 2nd Scottsdale STR is up and running!
- Posts 46
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By cash flow you mean profit or total revenue from str?
Post: Airbnb pool or no pool?
- Posts 46
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Quote from @Vincent M.:
Post: Airbnb pool or no pool?
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Hi,
I’m looking at a few properties in Florida for an Airbnb str but I have a dilemma. The houses in my price range don’t come with a pool. In sunny states like Florida would it be hard to rent without a pool ?
Post: How are my fellow loan officers/mortgage brokers finding deals?
- Posts 46
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How are my fellow loan officers/mortgage brokers sourcing deals and leads right now ? Would love to hear new ideas.
Post: Where can I go besides the bank to get similar loan terms??
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@Alexander M Dant please pm me as I have a private lender I can hook you up with.
Post: How should i split profits with an investor?
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Originally posted by @Kyle Mack:
Hey guys I’m reaching out because i am thinking about trying to find a private investor to find a flip. My only question is what is a good percentage to cut the investor in on the profit of the sale? 50/50?? Basically i would be lining up all of the contractors for the flip and/or doing some of the work myself i just need the investor to fund the flip.
Thanks in
@kyle mack Usually for the first deal with a certain investor you would want to give them a majority like 70/30. Reason for this is because they don’t know your skills yet( you might be the best flipper ever but they don’t know it yet) they feel like they’re taking the majority of the risk and like to see a higher return so it’s worth the risk. Down the line 50/50 would be an ideal split.
Post: whats considered a "good deal"?
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Originally posted by @JD Martin:
High cash-on-cash return: how much cash comes in based on the actual money out of your pocket to buy, flip, rent, rehab, hold the property.
High overall return relative to the cost of the property: how much cash comes in based on what you spent to buy and rehab the property, whether you flip it or hold it as a rental.
High probable value to current market: how much you can potentially rent or sell a property for compared to what it is being sold for.
High potential value for property - how much you can increase the value of the property relative to its current value, whether that's just from fixing it up, changing the use, increasing the sf, etc.
High potential value for future growth relative to current market - how likely it is that the property will increase in value relative to what you paid without any action on your part.
There are many other factors but those are some common ones.
Thank you for this detailed response. Most of the properties on market are not a deal but i heard on podcast so many times you have to make a deal so I want to know which ones have that potential to "make" a deal with after I buy for market value.
Post: whats considered a "good deal"?
- Posts 46
- Votes 13
Hi All,
Let's say I've identified that Im looking for a certain type of property in a certain area, I start my search and I see all the properties in front of me, what should I look for and say aha this is the one, this is a good deal as oppose to the others? (lets say my strategy is the buy- rent- hold- refinance)
Post: Mortgage company growing…need advice
- Posts 46
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Originally posted by @Tsipora Smith:
Are ya'll national or only lend in specific states?
We do both.