All Forum Posts by: Damel WIlson

Hello, fellow bpers!

I will have 500k to invest in cpl weeks and wondering what you all would suggest in doing with this amount?

Currently, I own 9 properties. 8 sfh and 1 commercial property. I only owe 70k with around 900k in equity in all. I’ll be doing a blanket loan on 5 of the sfh and getting 500k at 5.8 on 30yr fixed. I was thinking buying another 20-25 sfh at purchase price of max 80k with dp of 20%. With mortgage,taxes and insurance, cap x, pm, prolly be around 700 a property. I live in Indiana and homes at that price will rent for 900-1300. I’ll be looking at 200- 400 cash flow off each property. I should cash flow 8-10k month off 20-25 properties. I already receive 8k cash flow off the properties that are currently have. Any opinions would be awesome. I would like to invest in some apts but I have no experience and it scares me.

@William Coet Lima one capitol was 30yr fixed

anybody in Indiana?

Where do I find old webinars?

Terms!!! I like those terms if I can purchase for for around 40k

Hello all and good morning! My ques is I have 6 rental properties free and clear with credit of 720-730. I'm looking to get a loan against these properties. I want to purchase more properties with the money and manage my cash on hand more wisely. Any info will be Greatly appreciated. I've heard that I need to talk to a local bank and let hem know my intentions. Any info would be nice. Will they Loan me money off the houses if they are vacant, but fully rehabbed? What do I need to present to them?

thanks you Ethan! I like going off townships; Avon, Wayne, Washington, Decatur. Also some ips district as well. Could you send me a link in the forum talking about taking commercial equity loans from free and clear properties? Thx 

Hello, my name is Damel Wilson. I'm interested in gaining all the possible knowledge I can from helpful investors  and mentors on here. I'm interested in buying and hold deals, wholesale, and fix and flip. Since 2006 I have held properties for cash flow and I would like purchase 3-5 houses every year from here on. I'm interested in everything that has to do with real estate. I love it!