All Forum Posts by: Andre Brock

Thanks Micheal i appreciate it. 

Hey I’m not really into rentals anymore I’m more doubt creative financing deals where I’m getting some type of cash flow. 

Thanks that’s great story thank you for sharing it.

I remember it was 2004 i was a very young man hanging “outside “ making money. A guy by the name of Beyond Wynn who is a big guru in the Cleveland market now, but at the time he was not and he had purchased and flip two properties on the street I hung out on. My best friend pulled up on beyond and wanted to change his life and asked Beyond to show him the “real estate game.” 

He showed my friend how to purchase his first property ,my friend comes and gets me and we are walking his property and at that moment I felt so inspired to buy my own property. After I left him I rounded up my money and purchased my first property a couple months later in 2005 a duplex smacked dab in the hood. lol I purchased it for $18k put put $22k in it rented out out for 8 months and turned around and sold it $88k. 

For my old school investors tell me what made you initially pull the trigger?

Just me personally I would keep all of all three but with specifically property #2 that would be the first one I would off load.  I would want to keep it a little  before I have to make any major cap ex repairs  also maybe use this time to get debt free in any other aspects of your personal life. Good luck. 

Is this a duplex? Or a single? Maybe you can rent out the rooms and create a little cash flow for yourself while the property gains some equity or it appreciates? Especially if it’s an fha loan and you planning on moving back with your parents saving money on bills of your own. maybe you can make this work  creatively but anyway good luck.

I don’t think it’s bad thing to find deals on the mls however the key point it has to be a deal. The mls get a ton an action which breeds “stiff competition” I think most sound investors are trying to stay away from bidding wars which can occur when bidding on properties listed on the mls. 

Thanks that was really good information.

Thanks for the dialogue. 

Thanks Amir will do.