All Forum Posts by: Andre Ruffin

Thanks for all the great advice and im definitly at the beginning of my journey and grinding it out @Andy Bankston im putting together a team lawyer, contractor, etc. i do understand and thanks for the great advice @Matt Dusold im really going to make that move market market market yourself!!!(thanks didnt think about it like that)...time to take a Pro step...lol and @Ms. Shanequa J. thanks for the info and your thoughts maybe at some point in the future i'll have a deal i can pull you in on...Thanks to all again...

Okay the house is a short sale its happening alot in my local market and thats one of the main reasons i couldnt wait to get into this RE investing game...i have 5 other properties im doing leg~work on with the same story... all my numbers come from the City Assesment office and the MLS this property has been on the market for 38 days...i would be more than happy to network and partner some deals with any investor that shares my same drive...

Hey everyone just looking for advice on finding money for my first deal i been scaning bp closely these last few days an its a lot of good info, im learning alot. I have 3 properties now in my local area that im intrested in did some digging on the city assesment website found good info on all 3...but the one im going to try and put under contract is listed for 39,9k im going to offer 25k it sold last year for 148k it assesed @ 126k i been on a walk around and inside it very little repair need i would est. 8k to get it rentable with the average rent in the area going for 850...
so some numbers:
Sold for 148k(last year)
Assesed @ 126k (this year)
Listed @ 39,9k
repairs @ 8k
taxes @ 1200
Offering 25k
Misc & Closing 12k
So i guess my question is would it be best to take out a small loan 40k with a bank, partner, or HML then refinance to a conv. for 85k pay loan back and make profit or Hold and Landlord...What are my Options to find the money and make the money...