All Forum Posts by: Joshua D.

Can I list a property on zillow and other sites to find a buyer and cashbuyers? We are looking to wholesale properties and wondering best way to do this besides our usual strategies.  Like to list it on Zillow at least and other buyers

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I've been investing in real estate for 10 years and have purchased and rented 50 sfh's and duplexes. I looked into a program that is called the rei accelerator and they said they will guarantee me a deal of a 60+ unit apartment building in the next 4 months and i will get to a closing table and generate $20,000 a month off my first deal with working with them. My cost they said i could do $2,000 up front and then next couple months more payments with cold calling they offer and fee would be $9,800 plus the cold callers Virtual assisant that would be working with me. This money would change my life but i have a hard time believing this. I of course would need to look for the deals and do letter of intents on properties and find them and they would come with me to the closing table pulling out equity and then getting the cashflow. That is alot of money to put out. Could this really work out? I feel its a bs sells pitch right? Any advice would be helpful?

 Can you explain that better?  If i wanted to take it out without penalty to put towards construction on house?

Can you take money from roth ira to do construction without paying taxes

any other suggestions? Greatly appreciated 

Thanks! I messaged you back. Anybody else have any advice?

So I've been operating my real estate business for going on 7 years now. My business model is as follows I'm a motivated house buying company and I buy properties in distress or turn key properties and any situation that i can add value to. I'm up to around 52 units. Call it 44 single family homes and 4 duplexes. I have 3-4 contractors i work with on a steady basis, mait guys and have 3-4 rehabs going on now. I just trained and hired a property manager about a year ago after I got up to around 40 units.  I grow at a pace i really cant show income so my local banks wont work with me anymore and they move slow also. I do this full time now and I have been using hard money lenders to finance my properties and the money to do the bridge loans and I do cash out refinances and 30 year fixed long term loans with them. Its really becoming a large operation and its going well i hope so. Sometimes i feel im robbing peter to pay paul to keep up with the business model. I create a lot of equity but not much cash flow and especially with how the rates have went up. I try and hold as much as i can if i cashflow even just a little but and i take the equity and keep purchasing. It gets nerve wracking but any advice would be greatly appreciated or if im doing this correct or not.  Some of the properties recently not much debt gets payed down at all with high interest.  Would be nice to refinance my portfolio into better terms somewhere or sometimes i want to sell alot. I do 70% ltv with kiavi and lending one.  so i sometimes feel i dont over leverage myself. I will post numbers of my portfolio now. Any help is greatly greatly appreciated. Thanks everyone at BP

my portfolio numbers alot of the mortgage should have taxes and insurance included. Most of them.

I need some help analyzing my business model and for you to look at the following with a critical eye.  Am I running this business correctly? Any potential pitfalls that you see that are alarming?

Any advice, etc would be appreciated! Thank you in advance.

Total Project Cost$2,990,776.00

After Repair Value$5,325,000.00

$56,249.00MONTHLY INCOME

$50,802.00MONTHLY EXPENSES

$5,447.00MONTHLY CASHFLOW

Josh,

Good Morning. EQT would like to offer a Non-Surface oil and gas lease on property owned by Direct Digital Media, LLC being parcel number 21-01-0019 containing approximately 0.33 acres. EQT feels that they may be able to include this parcel in their Edenborn unit. The Edenborn unit is located near Gates Road and Edenborn Rd.

EQT is offering a flat payment of $250.00 for a five-year lease with a 14% royalty rate.

Would you prefer that I email you the lease agreement or mail the documents out to you via UPS? I'm also willing to set up an appointment and discuss this with you in person.

During our conversation, we also discussed a purchase offer from EQT for the oil and gas interest. EQT would be willing to offer $2,000.00 per acre for a purchase agreement. EQT's purchase offers are only valid until the end of every month. So, it is possible that come August 1st, 2021, the purchase offer could change slightly. Please let me know if this interest you and I will prepare a purchase agreement for your review.

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