All Forum Posts by: Andres Harrison

Thank you Jon for your honest feedback. Based on the NOI, I would still be able to pay back the hard money at a 15% rate in 2 years as I already did the math, and still end up with a decent profit. Then after 2 years, I will be able to own the property free and clear! I am contacting hard money lenders now to see if there are any that are willing to accommodate me. I will keep you posted!!!

Hi Bigger Pockets community!! I recently found a great investment REO multi family unit building that is in relatively good condition (from the outside at least) and although it is an REO, there are tenants still in the building. I wanted to know if there was a way to obtain a long term hard money loan with no money down. Is this just a fantasy? Or does this really exist?

Hi All. Again, thank you for your replies! It is so helpful and refreshing to be a part of group of people who are genuinely invested in the success of others, especially newbies like myself!

I would love to start out by Bird Dogging. I think that would be an ideal way for me to learn the business while making some extra cash. Jackie, you mentioned that your organization is Nationwide. Are you looking for Bird Dogs in the NYC area?

Thanks again for all of your replies!!

Best,

Andres

Thank you all for your feedback! It is very much appreciated. Charles, you are totally correct about separating the hype from the actual lessons which are not as easy to learn and implement. Will, I also agree with you regarding narrowing down my specific area of focus; rather than spinning my wheels, which I feel like I am doing now.

I have a question, now that I am going to focus on one specific area at a time, what do you think is the easiest or most basic strategy for a newbie like myself? I will expand my horizons once I gain momentum in one area.

Thanks again!

Hi Everyone. I am new to Bigger Pockets and Real Estate Investing and I just don't know where to begin. I receive so many e-mails regarding programs, trainings and bootcamps that I am overwhelmed with all of the information. I know that I definitely want to be a Real Estate Investor and would love to build a RE Empire, but with so much information out there, it is hard to even get started. I was very interested in Cameron Dunlop's IFlip program where you learn to be a "Wholesaler" and flip property in a matter of days. I also have been reading about Short Sales and how you can generate a ton of money in this economy in a short period of time. I am basically looking for a way to generate money without using my own credit and without having to invest a lot of money. I want a system to replicate so I can generate a sum of money to use as a down payment on property that will generate long term income (i.e. Apartment Buildings). Does anyone have any advice as to where I should begin? This site is great, but all of the information is overwhelming! Thanks A LOT!

Andres