All Forum Posts by: Justin Lowe

Hello,
I have a property close to my house that is need of alot of repair and has been foreclosed on. Perfect for a rehab and rent or flip. I have done some leg work and found out that countrywide (now BofA) has it. The ending balance of the previous owner was 80,000. The value of the house after repairs would be around 100,000 i believe.
Should I try to call the foreclosure dept at BofA?
Also what would be the best way to finance this house? I dont have the typically 20% required by banks. Maybe hard money? So, do I try to get the purchase approved before approaching hard money lenders? And do they loan enough for the actual rehabbing?
I live in Indiana, if that is needed in helping me out.
Thank you for your help with this.

does anyone know of university courses that focus on real estate. im currently enrolled for finance (just started) or is that more of a masters specialty.

hello, my name is justin. im from vincennes indiana. im very interested in real estate, all aspects and all levels.
i would love to work for someone to learn the ropes and get involved. im extremely hard working and learn fast. Rehabbing, Commercial, Multi-families, i would enjoy any and every opportunity. i currently work full time as a firefighter, so this affords me lots of time off for my passion in real estate.
if nothing else i would love to have lunch and pick the brain of an experienced investor.

A place in S.C. i have checked out, informed me that nice houses, beach front, will on average be full 32 wks of the year. the property manager told me that that charge 25% gross !!!!! WOW. so much for profit. a person would almost have to find a rehab type deal, refi and start from there?? Any input?

i have vacationed in weekly rental houses in hot vacation spots, and was curious if anyone was experienced in this area. questions i would have are:
1. can you cash flow, or would it be to assist in the mortgage while you wait for price appriciation?
2. is this a case where the bank would approve the deal rather than the person?

any info would be great. thanks in advance.

hello, i was curious if a begining investor would be wise to go right into commercail RE or if he should go the course of residential-duplex-small complex-large complex-etc. etc. Is it even possible for a totally new investor to do this? or should i get experience first possible working in a property mgnt firm? is birddogging an option with commercail RE. i would not have the 20% to do a downpayment, credit score is average/above average. well thank you in advance for your time. justin