All Forum Posts by: Dimitry Peters
Dimitry Peters has started 3 posts and replied 6 times.
Post: Wholeselling? Where do i look for motivated sellers?
- Posts 6
- Votes 1
Do i need to know sellers who havnt publicy listed their properties? Or can i look at places like msl or zillow or realtor please let me jnow where to look really want to start wholeselling
Post: Finally got my first offer accepted
- Posts 6
- Votes 1
@Mark Franks how many offers would you say you put in that year?
Post: first Remodel opportunity metro Detroit
- Posts 6
- Votes 1
@Paul Sassin i can do cheap good work
Post: What's the Best Cash Flow Market in the Country?
- Posts 6
- Votes 1
@Martin Vehlow can you explain why detroit? I live in michigan been very intrested in getting my first property in detroit been trying to study the market still learning how though.
Post: Cap rate how important is it to you and how do you use it?
- Posts 6
- Votes 1
What cap rate do you look for when analysing a property? Do you stick by the same percent for each investment? Is there a "best" cap rate?
I do not have a college degree but I recently learned i love real estate and decided this is what i want to do im 22 never bought a home the first problem i have is that i did not claim any income last year i worked for cash in construction. If possible id love to to do a no money down deal or at least get a fha loan along with a mshda (seperate intrest free) which they will give me $7500 for downpayment and im ideally wanting a two unit rental property. I work a low paying job how can i increase my buying power to qualify for the maximum fha loan as well the mshda loan. I need to get approver of a mortgage of id like 180k if anyone has any tips on ways to increase buying power. And has anyone in michigan been through this process before? And also how would i go about im starting a new job and resolving current legal matters also any info on refinancing a fha loan to reduce interest and get rid of pmi? I would also love a mentor im very new to this.