All Forum Posts by: Gary Harris

@Amiris Brown  LOL....you're hilarious!  You have to do what's best for the both of you...sometimes as much as it sucks...it takes longer then you want:)

@Amiris Brown .... Good, then you are well on your way to finding the right house for you and your boyfriend.  Patience is key with real estate...just keep plugging along and you will find the place that makes sense for you both.

Gary

Hi Tia,

I keep hearing the same thing over and over....you can only read so many books and listen to so many podcasts before you kinda get sick of it and you just want to act.  Good luck with your tax lien investing Tia.

Gary

Hi @Amiris Brown

I think what will be key for you as you already know is finding the best deal in the best neighborhood. Kinda common sense, but achieving it is never easy. My advice would be to contact active realtors in the area looking for off market deals, Realtors to find deals that need a lot of work, and Wholesalers (find them on here and local REIA meetings). Start reaching out to them to see what's out there on the market and off market arena. Feel free to reach out direct if you think I can assist you any further.

Gary 

Hi @Dain Caesar 

If you want to flip there are a few ways to do it.  1st Have a bunch of money stashed away and use it to acquire the property and remodel it to sell.  2nd Find someone with a bunch of money that trusts you enough to lend it to you to do the previously mentioned.  3rd Use a hard money loan to pay up to 80% of acquisition and 100% of construction.  If you don't have a lot of money upfront then the 3rd option is very useful.  I personally have used hard money before and it went really smooth using that company.  

As for Wholesaling...if you have to borrow money to run a direct mail campaign then you shouldn't be doing anything but saving money up.  I know that direct mail isn't the only way to get deals, but based off of my experience it tends to be the most efficient way.

Feel free to reach out if I can answer more questions for you.

Gary Harris

Hello,

As a Wholesaler and Flipper....it is alot easier said then done!  Based upon what you said....and based upon return I would start to flip locally if the loan comes through.  Since this would be your first flip I would get a mentor in that area to help you source deals, price repairs, analyze markets, etc etc.  Feel free to reach out for advice.

Gary

GO TO www.flipthishousetoday.com

Hi Sal,

The answer is no as the inspection will be up to the potential end buyer and not on you.  Deals from start to finish can range widely.  Deals can be done in as little as two weeks, however, that is definitely not the norm.  Negotiation with the seller can take a couple of months of going back and forth sometimes so it really depends.  I guess a good average would be 60 days from initial contact with seller, getting it locked up under contract, marketing it to your buyers list, agreeing on a number with end buyer, and finally the actual closing.

Good luck and let me know if I can be of any assistance.

Gary

Hello Gentlemen,

Welcome....I'm a Northern New Jersey investor so feel free to reach out if you need a hand.

Gary

Hi Sam,

Welcome to BP and real estate investing!  Feel free to reach out to me with any questions you might have.  What type of investing are you looking to do?

Gary