All Forum Posts by: Jake Andersen

Thank you very much for that! Very thorough, just what I needed. Are hard money lenders and equity partners usually local or can I find people from out of state who are interested?

First of all thank you in advance to whomever replies. I need help with this. I am getting more familiar with double closings, sub2s, lease options and the like but I'm not sure what "assigning" is. From what I have read on here it seems like a great deal but I'm not sure what it is or how its done. If anyone feels compelled to educate this RE newbie I would be very appreciative. Thank you so much.

WOW! Thats awesome! Are there people who are interested in financing the top of these deals? Where do I find them? And what do they expect the markup to be from where I buy to where they buy? And whats a fair increase for the work we put in?

Thank you very much for your advice. It is much appreciated. I know that eventually they will see. Probably about the time that we finish our first deal. I guess its probably just the growing pains that go along with not having the full autonomy I planned on when I began. I'm moving forward so fast and there coming along, just not even close to the same speed. Thank you again.
jake

I know that when I purchase a property I need to have complete knowledge of all liens against it. Including, inferior loans, taxes, etc. I also know I need to get a very good appraisal of the condition of the house and the current market. How do I do these things in order to make certain that I dont put myself in a terrible position?

I recently started my own real estate investing company. I took on a few partners, good friends, who wanted to help and had more money for financing than I. I love these guys but Im having trouble getting them over the potential "what ifs" of failure. Any suggestions? I already know that this will work because I will make it work and I am flying forward at full throttle. Im just getting tired of hearing about the 1001 ways it might not work as opposed to the 1 way that it will. Any help is very much appreciated. Thank you, jake

Looking for investors who are interested in holding properties in and around Tucson, AZ. We will be selling properties to those who are interested.

So, in a double closing you can potentially use none of you own money? But the end buyer must bring hard money or cash. Is that right?

Is there another buying strategie Wheatie that would make those types of transactions a deal?

Andrew,

I also am new to this. I have set my goals in a way that has worked for me in the past with other things. Take baby steps. I want a deal before the end of this month. I know I need to generate at least 10 leads. Out of that maybe 3 will get close and hopefully one will come through. And then two the next month, or five total before the end of the year! Shoot for the stars but keep things manageable. And listen to everything dan says, I have read many of his posts and the man is extremely intelligent. Plus its awful nice of him to share his knowledge with us newbies for free. Like I said im new so I may not offer much in the way of advice but hopefully a little inspiration. Good luck to you.