All Forum Posts by: Account Closed

@Account Closed its because its here in San Diego the property he was talking about and I happen to own property right by it he was talking about it in another forum about San Diego, the cap I own in the area is 5.1% for a duplex similar to the own he was saying. and I own a 16 unit place which is not really comp in that area for 5.8% that's all I talk numbers, I am a former analyst trust me I know my numbers better then you I am sure  its just we talking about something different, I remember on a post you wrote this poor kid in Florida wanting to open a drug rehab, place and you could even understand the concept, just relax and always go defensible on the cap rates that is 2 different occasions you have proven you don't know what you talking about and just go criticizing

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9.5% I get on my investments in Mississippi threw this lender I know over there  

Hi @Chloe Landon, well ill share my story, I went to school UCSD International Business and I got a master in real estate from Wharton and I work few  years in private equity as a investment analyst and did well and open a consulting firm for  medium and small private equity and joint venture investors in southern California, I have all this fancy college and had a great background and I done it all I was realtor in college, as well as property manager and analyst and now I flip and build projects you name it, so that's me then I have a very smart partner who came to America from Israel with about $2000 bucks and didn't know English he was 20 years old working double shifts and over night he saved and got his citizenship got loan and flip his first house and his business grew wholesaling multifamily complexes in east coast and now we are both in our very late 20s year shy of 30 birthday and thankfully we have company with about 190 units multifamily and we individually own a lot of property and try to flip 15-20 homes per year, so no matter what route you take belive in it hard work and when you think you are tried and cant take it anymore do it for another 5 hours if you really want to be successful you cant quite and you can think this is so hard just do it till you see results and everything in between forget it don't program your mind into thinking its hard or what is best just do something, please PM I love to help a  young mother with any info I can.

I have Company debt about 75 units and personal debts 5 SFR, 7 Condos ,4 commercial buildings and building 17 track homes so I have construction loan debt. lets saw I passed Russell by good sum.

1) I am not scared ill borrow till they stop giving me

2) all of my properties cash flow

3) I don't have a salary

4) yeah I might be crazy, let just say when I was 21 this was before the big crash my debt to income was about 70% but I build a lot of good equity and thankfully I sold a lot before it crash and rebought double during the crash. now I try to add 35 units to my multifamily portfolio yearly and try to put the less amount of my cash down.

@Perry Ivy

I have Company debt about 75 units and personal debts 5 SFR, 7 Condos ,4 commercial buildings and building 17 track homes so I have construction loan debt. lets saw I passed Russell by good sum.

1) I am not scared ill borrow till they stop giving me

2) all of my properties cash flow

3) I don't have a salary

4) yeah I might be crazy, let just say when I was 21 this was before the big crash my debt to income was about 70% but I build a lot of good equity and thankfully I sold a lot before it crash and rebought double during the crash. now I try to add 35 units to my multifamily portfolio yearly and try to put the less amount of my cash down.

@Amiris Brown I would get both, I have never done wholeselling but just by getting your license you have more sources of income, incase wholeselling goes south you can always do traditional sales, or what ever

you mean Jobs or the best market to invest in

why don't you use that 60k-130k in combo investment with Hard Money and really make it happen you will make a lot more money and there is not a lot in that range so you open your range of properties by a lot you could easily buy a $350k flip with that and hard money and make maybe $30k-50k on your first flip keep doing it 4 times that year and now you will have more than double and maybe you decide to do it on your own, but I am a cash buyer and I still use HM just because if I get 3-4 deals in a month I don't have my equity tried up, and this way we finish 19 flips last year in san diego me and my partner without this strategy I could off maybe done 5.

I am Waiting hopefully a lawyer come in I know some thing but I might be wrong so I want to here from the pros on this subject.