All Forum Posts by: Ben Bakhshi

I'm still a note rookie, but from your ad it looks like you are offering a $210,000 1st balance, appraised at $250,000, asking for a new $250,000 loan. And, is the 8.5% interest rate, based on the 210,000, or the 250,000?

Why is this post stickied?

Who is currently servicing these loans? Please send me more detailed info if you have it. Email in profile, or just PM me.

Wish I was short the Euro a month ago!

Are there occupied by section 8 tenants already? On your site it says: "Immediate Income – Rents prorated at closing"

I'd like to invite my brother, do you have an email list or meetup?

@Tarrin Lilly , around Baltimore, we would be happy to buy:

Fixer uppers where the price is = ARV * 70% - Repairs, in decent areas.

Move-in ready homes that are at 70% of market value.

No bubble, most people still can't get a mortgage. People can requalify for mortgages 7 years after foreclosure, 3 under special circumstances

2008+7, 2009+7, 2010 +7, 2011+7, 2012 +7 =

2015, 2016, 2017, 2018, 2019.

I expect 2015 to be a great growth year, along with 2016. I expect people to cry bubble again in 2016, but prices will keep rising through 2018 and even 2019. 

In the markets that I invest in, I will be nervous of a bubble when the cost of renting is lower than the cost of buying (based on monthly payments alone). Right now, throughout the country it is MUCH cheaper to pay down a mortgage (incl. taxes + insurance) than it is to pay rent. That wasn't the case in 2007 for many of these same markets.

TL;DR, not in a bubble, the bubble may come when demand picks up again.

1209 Georgia Ave, Fort Pierce, FL 34950 looks nice, but im not sure where you got the $130k valuation. The current owner bought it for $99,000 after 7 months on the market, the home was already rehabbed. The most that it is worth is $110,000 MAX, with a likely valuation at around $100,000, based on comps that I'm finding.

90% LTV.

I'm not finding the details on 1209 Anglevilla Dr. Fort Pierce, are you sure the address is correct? The street #s count from 4800+.

Note: No drug dealing, only legitimate real estate. This CAN be $2mm in equity.