All Forum Posts by: Leo Maldonado

See you all there! Can't wait 

This is interesting I will be sending this over to the realtor I am working with from the forums. 

@Steve Vaughan The home is from the 1920's so I think that this might be the case in hand. I don't see any other reason as to why he wouldn't want this type of financing.  Now as far as getting a 3% conventional, that I have NEVER heard of. How can I do this? lol.

@George Taylor

Total Cash Needed By Borrower:

$19,350.00

Monthly Income: $4,800.00	Monthly Expenses: $3,905.92	Monthly Cashflow: $894.08	Pro Forma Cap Rate: 7.73%
NOI: $33,259.00	Total Cash Needed: $19,350.00	Cash on Cash ROI: 55.45%	Purchase Cap Rate: 8.11%

How should I go about this without freaking the owner out? i mean records ARE public...

My next course of action I suppose will be to invite th seller for a coffee to go over his reasons and see if we can come to an agreement.

Alright thank you all for the feedback!

Hi Everyone! 

So I have an interesting situation here. I am looking to get into my first real estate investment! However, the seller is not wanting to close on an FHA, he would prefer a cash offer. This I don't understand, and his listing is actually dropping in price every month.

Now, I REALLY want this deal. I am putting it out there, and I know I can make it work. 

I have the sellers contact information, and I would like to possibly take him for a coffee and see what his needs are. 

What would my approach be here? Also, why would an FHA closing be any different?

Hello Everyone! i am looking to connect with a good RE lawyer to help me with my restaurant business. subject in case is breaking a current lease. anyone know/have any good local connections? thank you!