All Forum Posts by: Account Closed

Lack of liquidity for down payments.  Have excellent credit but limited cash.  

interested, can you email details at lkovaca@ aol.com

Please send details and pictures to [email protected]

500,000 is the minimum?

@James Wise  This link was very helpful, I am looking at a couple in Cleveland myself. I don't know the area even though I am only an hour away.    I know Canton pretty well so if you ever need info here, I would be happy to help.  

Oh yes, we all learn as we go, that's for sure.  I have about the same goal, except I am not working 3 jobs. I work 1, and I do a few extra side businesses to bring in money.  Why are you working so many jobs?   Send me a connection request if you would like, would be happy to network.   

@Benjamin Z. Pickens  Hey Ben!  Canton , Ohio here.  Welcome. I just joined a few weeks ago myself.  What are your real estate goals?  Wholesaling, flips, buy and holds, etc?

@Paul Evans Jr What kind of repairs?  I think it depends on what kind of repairs you are talking about.  Some repairs can open the door to others such as wiring, plumbing, foundation.  Some are open and shut, no further issues such as replacing furnace, etc. What came up on inspection?

I just spent $5,000 through his seminars to do coaching that was not worth the money.  Did I learn a lot?  Yes, but to be honest, I wouldn't do it again if I had the choice.    My suggestion is to go to connectedinvestors.com and this site and read everything you can.  You will learn just as much and for free.  Listen to audibles when driving your car, listen to podcasts, listen to those that have done this and that's better than any coaching you will get in a seminar designed to sell you to the next level.

Don't get me wrong,  love his books, I love his principles, but his seminars are designed only to give you tidbits of information, details are in the next higher priced seminars, etc. You'll get ideas in the free seminars but no idea how to really institute them.  Take it from someone who paid for a couple of seminars and then coaching, and finally said enough is enough.  They are masters at selling and sucking you into their funnel.  I learned a few great ideas and concepts, but nothing I couldn't have learned for free here.

Do you know you can get it at $275,000?  It just seems to me that if the house truly only needs $5k in fix ups, why would they drop the price $35,000?

This is just my opinion, many others would disagree I am sure.  

If I am putting $65,000 in the game, I would want to see a bigger cash on cash return.  I think you are a little low on your closing costs, unless you plan on making seller pay part of yours. I typically figure 3% and I'm usually pretty close.

With that being said though, I have heard of people buying a property and only making $100 a month cash flow, and I wouldn't waste my time on that deal either, because my liquidity is limited.   If you have a lot of liquidity, it might be not be a problem to tie up that much cash.

Hope this makes sense.