All Forum Posts by: Shawn William

@Shawn Ackerman sorry,late response tha ks for all the info so far! To answer your questions she does have a mortgage on the property, with a monthly payment of 650$. Property taxes 1048.29 and seller is asking 5k down, so i assume id need to ask atleast 7k down on my end.

@Theresa Harris thanks Theresa, and i can possibly get it for 93k, but im lacking financing. If i put up the earnest money and some down payment ill be out of funds for the deal. Thats why i'm turning to our community if i cant find a solid game plan im afraid im gonna have to back down and lose my first deal.

@Shawn Ackerman okay, so if itll rent for 800 with a traditional in the sandwich lease option with 25% added to it, i would charge the new tenant 1000$?

@Theresa Harris from my numbers itll rent for 750 -800 $ a month.

@Shawn Ackerman i wanted to hold it long term, or sell it for profit or both like a sandwich lease ? But i have 0% experience in going about that.

Hey community ,

I have a deal in the works and I'm new but with all the reading i've done in this site i wanted to try my hand and apply the knowledge with no coaching, and as little money into the deal. The deal is as follows:

Single family home :2 bed ,1 bath full size back yard with a detached garage, basement and shed. Home has new roof, floors, water heater, painted overall well kept and owned by a handyman who wants to relocate to be with family.

Asking :97,500$

Open to any financing options,

located in good neighborhood, in Montana and local homes in the neighborhood is going for 140-160k

How should i go aboyt this i feel its strong but i really would love your opinions,thanks

So found this land deal over in floweree Montana it's gone tax delinquent and has a very old 1900s home on the lot that will need work, the seller is very desperate for relief from this deal. However, this would be my first deal and I have no coach or experience and from what I can see with location playing a factor there is not much out there in floweree mt. A 25 min drive to great falls. I would like advice going into this , if I got it for cheap would it be worth to offer seller financing to make profit ? I want this as an investment not for main living but that location is very bothersome.

Thank you

@Stephanie Potter I appreciate your response along with everyone else in this post! I will consider all suggestions, not to keep this too long but my LONG goal is again to make this into a business as a real estate INVESTOR

@Tommy Ishida my main short goal would be to finance a deal and do a small flip just to break even, profiting would be great too. Just To get that experience, but I don't know the legal steps to take in that aspect as well as what is my next step from finding, a deal, calling the seller and then what? Go to a hard Money lender after and say I found a deal? I would like to rehab please give me money lol? Thank you

Hello all, I'm fairly new to this topic however i'm more than eager to learn more. I've read a few books on real estate from bigger pockets, along with others. I'm looking for a step by step plan to get started. My goal is to create a business using my knowledge, to utilize OPM, provide that person with a good investment on their money and get in with literal no money down or very little of personal money involved. Currently I'm brand new so this is my very first step asking for help/ guidance since closing that last page of rich dad/poor dad. Any tips edvice will be strongly appreciated thank you!