All Forum Posts by: Mujtaba Khan

@Tyler Barranger the property is in Mason County

@David Michael so would you hire an attorney and a title company or should and attorney be sufficient enough?

@David Michael the house is in Washington State. But would you happen to know the kind of paper work we would need for a private sale?

@Eamonn McElroy Thank you!

Hi all, I'm very new to the business, in fact this will be my first flip. I'm doing it in partnership with a good friend of mine. The property costs 90k cash and we only have 60k cash. Is there a way where we can ask the current owner that we can pay 60k now and then the rest in weekly installments? Is there a professional term for this? Also, since it's a private sale from my friends family member. Should we still hire a real estate agent? The seller asked what kind of paperwork they would need and I wasn't sure either. Any help would be greatly appreciated!

Thanks Ro!

Thats a good idea! 

Hi Everyone! Lets say I have about $10,000 to invest. How should I go about doing that? I live in New Jersey and I really like the idea of house hacking. It might be difficult to find this kind of opportunity around my area but I'm open to moving into different areas. Since its only $10,000, I would definitely get an FHA loan with 3.5% down but is that even realistic? Your input is greatly appreciated!

As mentioned before, I also think it would be a good idea for you to look into house hacking. Although, finding a property that has good cash flow might be a little arduous (in my opinion). If you find one you'll make enough to cover your rent and make a little extra. I assume you'll also need a good property manager when you're away as well. Good luck on your search!