All Forum Posts by: Mar Tell Dennis

Hey I'm just starting out and I heard the beginning stage is to start out whole selling. Is their a step by step guide. My concept is that you make an offer on a house under value then sell it too an investor for cash offer. Does that require earnest money? Is that the same ammendent for purchasing a home?

@Justin Gears

Thank you. Have you done any deals yet?

Hi, I live in Columbus MS where homes are pretty cheap. I'm new to investing but have some experience in purchasing a home. What is the best cash flow, buying multifamily and rent them out? Or buy a home and rent them out? Will need loan to pay for each. What is the best cash flow. A multi home goes for about 120,000 is that good cash flow?

Im New to real estate and would like to start investing. My plan is to buy a home for about 50 to 60 thousand. mortgage will be about 550 a month. and rent to tenant for 750 to 800 to have some passive income. any thoughts on this? is that the best way to become an investor.

@Brian Gerlach

Its a single family home

@Bill Brandt

Well my family has 6 properties that they rent out i helped do most of the renovations floors drywall etc.. and now i know all the people they used contractors, i have real estate agent and electriciqn. My family is alos helping guiding me through the process. The deal isnt done yet, they just accepted my counter offer and i found an inspector to come on monday so its a process hopefully i close on this property. If not ill find another

In the process of closing on my first residental property where tenants are currently living so they will be paying the mortgage. I always wanted to be in real estate. Having a tough time finding my purpose but this is a start. I dont know if i want to fix and flip and use hard money, or just buy rental properties and rent them out. Whats the best way to get my foot in the door? Should i fix and flip and use hardmoney. Any suggestions for new beginners currently in mississippi.

and made an offer on home for 60,000, and hopefully closing soon. But a tenant lives on the property and part of the deal is to let them stay for, good thing that the rent will pay for my mortgage. So my question is should i keep renting it or flip the home. This is my first home.

I'm 29 and finally started I'm going to invest in real  estate something I always wanted to do. So I joined biggerpockets and I am currently  reading NO MONEY DOWN  and learning. I have so much going on getting married this month and recently  had my third child, and moving into a house next month, I don't make that much at my job but I'm determined. So I'm saving and is getting a good lump of taxes owed this year and looking to do my first flip the beginning of next year when taxes come. So am I on the right track? Am I not doing enough?

Me just getting the financial side In order. An also working on my credit.  But also educating myself, I ordered the NO MONEY DOWN book by Brian Turner. I have found housed to flip but kind of hesitant on doing HARD MONEY as a newbie.