All Forum Posts by: Kim Handelman

Welcome@Alison Koenig I am an investor here in the Fairfield - New Haven area. I just got my license to aid in my investing but have found that I am really liking being an agent. I just signed with an amazing broker named Adriana Morrell. We're with the Higgin's Group. I couldn't be happier. I go to most of the BP meet-ups at Anna Liffy's or if you'd like to talk one on one, I could do coffee (ok, I drink tea) one day or evening if evenings are better for you.

WOW am I glad I found this thread! I'm going to take all of this advice and start researching! Thank you all for being so willing to share your knowledge!

Hi, I got a call today on a house. The woman paid $79,000 for it in 2006. She knows she over paid and doesn't think she can sell it without being able to pay off her loan which would mean a short sale. She doesn't know how much she owes and can't find a statement (in total denial). I'd like to do some basic math on the classic loan of that time to see if it's even worth digging deeper on this property. So Assuming she put 20% down, at 6.5% (average for that year), how much would she owe? I don't know how to calculate an amortized loan pay down since the interest amount changes every month because the principal gets paid down every month. There's got to be a formula right? -k-

@Sean Dolan @Matthew Vitlin Thank you both. I always forget Excel can have multiple tabs. I've been doing it in separate documents and it just feels so all over the place. Sean, we used unique call tracking numbers when I worked on American Express. Didn't even think of that for my small scale business but it could definitely work. I will look into the site you recommended. Thanks again, -k-

Hi Friends,

I am running multiple DM campaigns and am having a hard time keeping everything organized in some fashion that will allow me to really understand how each campaign is performing. Does anyone have a spreadsheet or a method of tracking that I could adopt? Thanks so much, -k-

This sounds great! I'll bring a friend (or 2).

@Andrey Y. The CT complexes I've found are in Branford, New Haven, Fair Haven and West Haven. Some are areas I won't touch, but a few are in decent neighborhoods.

I can hear the gasps as I sit here and type. I'm currently wholesaling to raise capitol to invest in buy and hold and I've noticed this weird little niche market here in CT. Wondering if anyone could weigh in on whether I'm missing something. I keep finding these condo complexes where the majority if not all of the units are owned by investors. The HOA's are run by investors and there's a management company in place so there is very little personal management needed (keeping unit rented, collecting rent, evictions etc.). The thing that is so alluring is that they're affordable ($40K a unit) and are above the 2% rule which is almost non-existent in CT. I know there is risk involved in all investing but can people weigh in on what I'm missing here or is this niche a good deal?

Thanks, I'm always transparent telling them that I find deals for flippers and that I have multiple regular clients. My first (and only deal) also wanted 15% down which is what you normally pay on the MLS and I told them I was only willing to put $2,000 down. THat made them feel comfortable. That was only a $180K deal. This is $800K and 15% of that is harder for them to make the leap to $2,000. Thanks for the advice.

THanks guys, they want more but I'll just tell them that $2,000 is all I can do.