All Forum Posts by: Dashon Jones

@Michael Hicks Thanks, I have considered doing that or private money as a part of my next strategy. I need access to cheaper money.

@Alexander Flores Im in North NJ. Passaic County, so it is all based on location. 

@Nick G. 

Minor minor plumbing work. I had a discount in the purchase. They are only giving my 70%  but from the banks that I have called with larger ltv, I would have to wait a year to use new appraised value. So its always a give and take.

@Joshua Rogers Exactly how I saw it. I also created a bunch of equity by just finding a good deal and doing minor repairs. 

@Dana Whicker  Thanks

@Nick G. The appraisal came back at 180k and I purchased the property for 125k. So I'm pulling out the cash to pay the cards down now. Mission accomplished. 

I think that it is an achievable goal depending on your market area. The key is finding good deals. In my area you can easily put 20% down and generate a 1k plus cash-flow after expenses on a small multifamily. If the deal is good and you buy with equity, you can then do a cash out refi and use the same money again 6 months down the line. 

I think that it is an achievable goal depending on your market area. The key is finding good deals. In my area you can easily put 20% down and generate a 1k plus cash-flow after expenses on a small multifamily. If the deal is good and you buy with equity, you can then do a cash out refi and use the same money again 6 months down the line. 

Ok, I will explore all those options. Thank you.