All Forum Posts by: Austin Shuster

I want to buy a property that's $714,000. The cap rate is 10%. The apartment is 16 units. 134,500 gross and 75,250 ROI and It's located in NY. How do I do this deal with no money out of my own pocket?

Eric Schleif the broker sent it to me, I'm trying to talk him into financing the last 25-30% and I need a loan for the other 70% and don't know where I could get it.

It is located near Syracuse

I've talk the guy down to a lower price but I need advise to fund this deal.

I want to buy a property that's $714,000. The cap rate is 10%. The apartment is 16 units. 134,500 gross and 100,000 NOI It's located in NY. I have no clue how to find funding. Any advise on funding options? This is a deal I don't want to pass up.

Should I use someone else's money on and investment property? I don't have any cash of my own, but I want to get started as soon as I can.

Thank you all for your responses!

I am 19, I have my eye on a few houses. I want to pull the trigger on them but I don't really know where to start. I read the beginner book by BP. Any advice?

I own a flooring store and install my self. The best flooring for a rental basement would be indoor- outdoor carpet that is very cheap. For kitchen and bathrooms I would go vinyl, and for bedrooms I would good with a decent carpet like plush.

Hello, my name is Austin. I am from the greater Syracuse area and I'm looking to start investing in real estate. I am completely new to it investing in real estate, but have been apart of the rehabbing most of my life.