All Forum Posts by: Krishnarine Hardyal

Thank you

Thank you

Investment Info:

Single-family residence fix & flip investment in Schenectady.

Purchase price: $65,000
Cash invested: $50,000

Bought as a fix and flip however it's going to turn into primary residence as I'm selling my current 2fam home to move

What made you interested in investing in this type of deal?

Great potential arv would be $185k

How did you find this deal and how did you negotiate it?

MLS was asking 72k bought it all cash for 65k

How did you finance this deal?

Own funds all cash

How did you add value to the deal?

Rehab

What was the outcome?

Keeping as primary

Lessons learned? Challenges?

Don't over budget push contractor more

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nathan Dorich

Looking forward for big things for the upcoming year

Thank you 

Hello everyone newbie here on BP so if I break any rules on this post please forgive me..for newbies starting out including myself to be successful in this business which a lot don't talk about is you need good to very good credit score and need funds even though it might not be your funds still need funds....I've missed out on good deals because of my low credit score and many HML still require at least a good score and 20% to 25% down and the rates are crazy from some of the HML..so if you're a newbie and want to be successful in this business try to build up your credit and some funds and you'll be on your way to time freedom