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All Forum Posts by: Mark Hoffman

Mark Hoffman has started 2 posts and replied 7 times.

Post: Possible first poperty, but where do I get the $$$?

Mark HoffmanPosted
  • Fire Fighter / Paramedic
  • Toledo, OH
  • Posts 7
  • Votes 1

Thanks, @Christopher Brainard. ARV likely $100,000 to $110,000 by comps.

Post: Possible first poperty, but where do I get the $$$?

Mark HoffmanPosted
  • Fire Fighter / Paramedic
  • Toledo, OH
  • Posts 7
  • Votes 1

I wasn't going to literally go in there and put in offer down when I don't have the money to back it up. I know that doesn't make sense...... that's why I asked what my options could be.

Post: Possible first poperty, but where do I get the $$$?

Mark HoffmanPosted
  • Fire Fighter / Paramedic
  • Toledo, OH
  • Posts 7
  • Votes 1

here's another question... if I wanted to wholesale the property, where do I get a purchase contract and an assignment contract?

Post: Possible first poperty, but where do I get the $$$?

Mark HoffmanPosted
  • Fire Fighter / Paramedic
  • Toledo, OH
  • Posts 7
  • Votes 1

The thought crossed my mind!

Post: Possible first poperty, but where do I get the $$$?

Mark HoffmanPosted
  • Fire Fighter / Paramedic
  • Toledo, OH
  • Posts 7
  • Votes 1

Thanks for the replies. $30,000 is a rough guess just from the outside and what I could see through the windows. Maybe I'll get lucky. I'm not planning on offering them what they're asking. But as I said, I don't have that much money to work with. My post may have been a little premature. :) I suppose a walk through would help.

Thanks for the help.

Post: Possible first poperty, but where do I get the $$$?

Mark HoffmanPosted
  • Fire Fighter / Paramedic
  • Toledo, OH
  • Posts 7
  • Votes 1

So, I think I may have found a good first property to acquire. So far, I think it'd be the best deal to purchase it and rehab it. It's FSBO. A lawn sign lists the owners phone number with the asking price of $60,000. The house clearly needs work on the outside, and judging by that, the inside will more than likely follow suit. If a walk through goes well, I'd be comfortable making an offer. That being said, the property will likely need about $30,000 worth of work.

I have little or no money. So now my question: Where do I get it? Mortgage it through the bank? Hard money? Please help with recommendations!!!

Post: New Guy

Mark HoffmanPosted
  • Fire Fighter / Paramedic
  • Toledo, OH
  • Posts 7
  • Votes 1

Hello,

Mark here, from Toledo, Ohio. I'm new to real estate investing and very green. At this point, I want to know as much as I can. To be a sponge! I have a career, but I'm interested in investing in real estate for more security and to become debt free.