All Forum Posts by: Benjamin Haberman

Tristin,

Remember that when you have your license you are then getting commission on most investment deals you are pursuing. That means you are technically getting the properties for cheaper! It's an added bonus. The MLS is a powerful tool too. Learn it. Study it. Repeat.

Good luck.

VIRGINIA IS FOR HUSTLERS.

Congrats! That's awesome.  I actually have same question as guy above me. How do you find a deal where you can assume a loan?

As a realtor in NJ, I have people reach out to me once a week for rentals. The market is far from saturated.

Mary,

Definitely helps. I was't viewing this calculator correctly. I need to look at is a tool to tell me what I need to purchase it for. I am closing on the flip tuesday so I was looking at it differently. Thanks for the input :)

Ben

Hello BP,

How come there is not a field for purchase price? My purchase price kept coming up wrong in report. Am I doing something wrong?

Thanks in advance.

Hello BP community,

Has anyone had any luck with Fannie Mae repair credit during inspections?

I am representing a client who is using FHA 203k loan and was just curious to see if people had any luck in getting repairs done by seller after inspections.

Thanks in advance.

Ben Haberman 

Originally posted by @Matt Rodak:

Hi Bryan,

Thanks for your interest. Fellow BP member and podcaster @Jonathan Makovsky just completed a deal with us and we shot this video about the experience. 

https://www.youtube.com/watch?v=-canvfCLXoA

Happy to jump on a call with you too if any other questions you might have. 

 Hey Matt,

Can we connect some how? I have a deal closing at the end of the month and wanted to see if Fund That Flip would work for me..

Thank you

Ben Haberman

Hello BP community I have a couple friends that have a good amount of money that they want to lend for my flip deals. Does anyone on here have a "private money" packet they will send to people when requesting? I'm assuming the packet will explain the process, the numbers on the flip, your credibility, etc... Was just checking if anyone had some good material. So basically when asking someone to fund a flip, you would shoot them this packet. Thanks for any help

THanks guys

This property is on a street with 6 other doctors , medical imaging building , and a dentist office. Every property has a tax assessment of $400 and up. The property I am looking at is assessed at $400k.

Asking price- $130,000.00   Sq ft-2517 It just dropped $65 k Agent is making it known that seller is eager to get rid of it and would offer some owner financing

Going rate in town is anywhere from $12 to $20 a sq ft for professional office space.

Taxes- $7,000 

Property is vacant.

My theory is- It's not leased because the office is extremely dated. I walked the property today and all it really needs is cosmetic update. Would need commercial vinyl throughout, 1/4 drywall  in some areas where there is ugly wood paneling, a landscape fresh up and new paint. Maybe thats a bad theory though.

Do commercial owners pay snow removal or does the tenant? 

The property comes with instant equity when comparing to sold/active comps within past year. 

Is it harder to refinance a commercial property?

Commercial lending- Is it usually a stricter process when going for financing on an office building? Will they take the equity in consideration?

Any tips or input would be much appreciated. I am itching to buy it.