All Forum Posts by: Andrew Syrios

Maybe try to find someone to partner with, they bring the money and you do the leg work.

LLC FTW

zero down is very tricky, even with subject to's because houses' almost always need some work and it's a lot easier to get homeowners to sign the dotted line if you can at least offer them a token amount (unless they're behind, but in that case, you have to catch up the loan). Of course, this doesn't apply for wholesaling.

If you don't have any money to invest, I would recommend wholesaling or looking for a partner.

ULynk does text blast marketing, but as Michael said above, there are a lot of legal issues involved. You have to get permission from people to send messages to them.

As far as the voice blast calls, I hang up as soon as I hear it's a automatic message so I really doubt their efficacy.

Good luck Tom!

With an $1100/month mortgage, I'm pretty sure that house won't cash flow. You have a lot of equity, I would sell. Then take that money and buy some properties in cash flow neighborhoods to hold.

Welcome and good luck!

That sucks.

Some HOA's don't care. We bought a condo that said you weren't supposed to rent it for the first three years you owned it. But when talking to the HOA they said no one follows that rule so go ahead. Another HOA does absolutely nothing (in fact they charge us only $23/year and seem to only exist to delay closings).

Of course, other HOA's are basically fascist.

If you're using the equity you pull out to buy real estate, it should help. Although an increased debt/equity ratio, like said above, would make getting more financing a bit more difficult.