All Forum Posts by: Bim Fujah

Thanks for the post and the updates. I recently purchased my first buy and hold rental through a bank and I'm considering hard money for my next purchase but know nothing about the process. Good luck on the project and keep the posts coming!

@Anthony Angotti thanks for the reply and advice. I think knowing that my learning experience in this deal will be the most important is putting me at ease. I feel like I've read and listened to so much that I was finally ready to pull the trigger. Hopefully letting go of that cash on the next deal won't hurt as much.

Hello everyone. I've been lurking around the forums and listening to the podcasts for a few months now and I'm finally about to begin the process to acquire my first buy and hold property. The sale is contingent on me selling my single family home in Fitchburg Mass. and I have already accepted a great offer on that. 

I've run the numbers and they're solid, I'd be looking at about a 12% ROI with ok cashflow. I've purchased homes to live in before but this one feels different most likely because of the 25% down (around $41,000). I'm excited but I'm freaking out a little bit. For the folks who have done a few deals, do the big numbers still freak you out or does that go away eventually?

I'm currently a forecast and scheduling analyst for a call center by day but by night I am a DJ. Mostly private events but did the club scene for a while. I would love to do that full time if I could. 

This is great. Congratulations and thanks for sharing. Love the strategy. 

Great information @Clovis Alves. I am looking to sell a single family home that I have in Fitchburg and reinvest in Fall River this year.  Your posts have eased some of my concerns.