All Forum Posts by: Chai Sag

billions to be made!!

@Gary Freidman

hi

Are you investing in NY?

@Lisa Wilson

do you have security deposit?

i would try to keep the rent at the same price and offer to  return 1200 from security deposit   ( he will have same out of pocket ) or try to get 50$ and return some security

just as you loose if he leaves he will have a big job moving out and finding new place

if this doesn't work, just reduce 100$ and keep a good tenant

HI  Don  

taxes would be around 700$ ,no 600 

and  if vacancy is more than 8%?

HI  

I started selling RE at the age of 17.

I didn't have other choice, because my dad was a developer and passed away at that time

I think that one way to start ,would be becoming a realtor, you can sell something, try to get deals, bringing to investors, etc, and you learn on the way about everything

good luck!!

HI

I got a call from Ale Solutions ( a relocation company) 

they want to rent my house for 6 month (or maybe more) to one family from this area that got a fire in their house

I am asking 3300 , they offered 3700 a month

Do you have any experiences with this company!? Do they pay well?

I  was born in an RE   family 

In South America most transactions are in cash or short owner finance,unless you buy a new apartment ,you used to pay it like in 40 month or so 

IOW , you buy when you have the money

In America is scary ,that you can buy a property and not having the money, you can make it, or you lose everything

Yes, its very exciting the idea that you can buy with no money, or little money, pay with the rentals, 

But math and reality are 2 different realities, sometimes, you can't rent  it out , you have unexpected expenses, or an huracain or a Sandy, or bad tenants that don't pay and then they destroy the house

I laugh when someone talks about an 100$ cash flow, like thinking that everything is plain math

it's not for everybody, you have to be very organized and consistent and lucky

and in this 5 % who buys " How many people make money?" is the next question

Welcome to BP!

good luck!

I sold my first apartment when I was 17 years old

Sold Millions of dollars when i was 18 and 19 years old

No need to pay for seminar if you have everything for free in BP!

Best way to spend your money: Find a mentor (very succesful) , bring good staff for him and share profits, or get comision, and learn

@Kay H. it sounds a little crazy to buy it in these conditions, unless you are sure that the property's value is going to double in a couple of years :)