All Forum Posts by: Maria Graciela Wysocki
Maria Graciela Wysocki has started 2 posts and replied 17 times.
Post: Business Plan to show to creditors.
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Originally posted by @JR T.:
If you have 20-30% of the purchase price to put down that can work. Is your strategy to buy, hold and lease or something else?
My plan is to buy, fix it, and rent it or seller. Looking for houses under $ 30,000.
Post: Business Plan to show to creditors.
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Originally posted by @JR T.:
If you have no money you are going to need lots of experience and a proven track record. No lender is going to hand you money with no collateral and hope you just figure it all out right the first time. They want you to make your mistakes on your own money, then they'll help you out.
I understand that, but I was thinking that may the property itself can be the collateral.
I have an small capital.
Thank you.
Post: Business Plan to show to creditors.
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Originally posted by @George Krajacic:
Hi Maria,
To answer your question I would need to know much more about your situation.
- What are you planning to invest in?
- How much capital do you have?
- Do you have a job and what is your income?
- Do you own a house?
- What is your credit score?
As an example, let’s assume that you plan to buy a rental house. Above information which you would provide to the bank in a loan application would be sufficient for them to decide under what conditions they would finance your project. You would not need a business plan. House particulars would be a plan in itself (price of the house, projected rents, projected expenses and projected cash flow).
I hope this help or post additional questions.
Good luck,
George Krajacic
Hi George,
I planning to invest in a flip and sale or rent ( depending ). Why I want a rehab?, because I have a small capital to start but with good resources to fix almost anything ( except AC ) in a house. My son is an electrical contractor and my husband worked for over 20 years fixing houses for an investor. I have a regular job with an income of $65,000/year ( that I am ready to resign ), do not own a house, and a good credit, around 760.
But, for what you say, I think that I need to start for rehab and rent, so I can find some help from banks.
Thank you for your help.
Post: First Investment Property-Duplex
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Congrats Troy. I am learning and looking for my first buy to flip... but nothing yet.
Good luck !
Post: Business Plan to show to creditors.
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Hi. I am a new investor in Florida, and looking for deals with little money.
How can I make a good Plan to show to a bank of any lender?
Post: My Diary - Getting a New Jersey (and Pennsylvania) Real Estate License
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Hi Jim,
actually, I am doing the same, preparing the 63-hr pre-license course, in Florida
It is hard for me, because I am doing it between working 6-7 days a week.
I want to be able to access the MLS to become an investor in Broward county. I am looking around to see if I can buy a single family home and find my first deal.
Good luck !
Post: suggestions appeciated, please
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Are you sure the house is not fixable? for rent at least?