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All Forum Posts by: Nathan Lesko

Nathan Lesko has started 3 posts and replied 6 times.

Post: New real estate investor from Phoenix, Az

Nathan LeskoPosted
  • Queen Creek, AZ
  • Posts 6
  • Votes 3

Welcome, I'm new here as well but we can definitely connect, share resources and information as we gain more experience. I'll send you a colleague request. Best of luck!

Post: list of next days trustee sale

Nathan LeskoPosted
  • Queen Creek, AZ
  • Posts 6
  • Votes 3

I am looking into auction properties and can't seem to find where they post the list of properties for sale. I know I can get this information from our realtor or websites such as foreclosure.com and auction.com, but doesn't the county post a list the day before?Thanks for any help! 

Post: Hey! New investor in Phoenix (East Valley)

Nathan LeskoPosted
  • Queen Creek, AZ
  • Posts 6
  • Votes 3

Hey BP community. I am a RN currently, but am looking to spend my free time managing real estate investments.

As with most people I can truly say that purchasing my first home was the best investment I've ever made. Realizing the opportunity there is in real estate I'm excited to start down this path and take control of my financial future. 

My short term goal is to learn how to become profitable flipping homes. After this I'd like to transition and use my equity for my longer term goals by purchasing buy and hold properties.

I've found a great deal of information already from this community and am sure I will continue to for a long time. I'm in the phoenix market, specifically the east valley region, so if you'd like to connect I'd be glad to talk with you more. 

Post: How'd you finance your first flip?

Nathan LeskoPosted
  • Queen Creek, AZ
  • Posts 6
  • Votes 3
Originally posted by @Darrell Shepherd:

On your first deal, its actually good to borrow money because the lender will keep you from doing anything stupid.

 Never actually thought of it like that but it makes perfect sense. 

Post: How'd you finance your first flip?

Nathan LeskoPosted
  • Queen Creek, AZ
  • Posts 6
  • Votes 3

Thanks @Jim Keller for the breakdown and advice you've given. I'll be sure to find a good deal so it works out for all involved, especially on the first flip.

@Mike Dmuchoski, I'm thinking that's the way I'll have to go. I see you're around same area as me. Any recommendations on lenders?

Post: How'd you finance your first flip?

Nathan LeskoPosted
  • Queen Creek, AZ
  • Posts 6
  • Votes 3

I am starting out on real estate investing and am looking for my first deal for a fix and flip. To see what options there are I am wondering what you did to finance your first flip. Was it a hard money loan, were you able to save and use your own cash, finance through a traditional loan? What enabled you to take that first step into rehabbing?

For me I believe the best option is to use our home equity to pay for the repairs, loan interests, closings and holding costs . Then use a hard money lender to finance the purchase of the property. Any suggestions, tips and appreciated. The Arizona market seems very competitive, but I'm ready to take that next step.