All Forum Posts by: Greg B.

There are a few I've pinned locally but I'm taking my time getting back involves with real estate. I'm looking for ways to buy and hold with little out of pocket. I'm not too sure on the "No Money" down deals but this seems like something that may work for me to get going.

Hello everyone:

I have pretty good credit but saving for down payments is brutal. I need advice or a lesson on how/if this would work. I'm simply looking for the pros and cons (mainly cons) in funding a deal. 4-family in good shape, reasonable updates, fully rented. Assuming mortgage is low enough, would it make sense to get a "hard money" loan of 60% LTV with the seller carrying back the remaining 40? Credit is fair/good so my exit would be, at the very least, refinance the "hard money" ASAP (less than a year hopefully). Lets say the property cash flows pretty good with a hard money of 12% and a seller at 10%
Is this something that can be done on a regular basis without getting onesself into trouble?

Thanks for listening

Does the seller really lose? He's looking to sell for a reason (hassle, money problems, bad property maybe) and you can help him/her out. What's the cash flow like? What's the potential? Will you end up trying to sell at ~340 payments?

What's up folks,

Hello, Greg Brown here. I'm a beginning investor or should I say soon to be investor. I don't plan on jumping in until maybe this summer. I need to get my focus and knowledge together. Back in 2003 I purchased a 2-family and did the landlord thing. i wasn't overly motivated due to the fact my salary was ridiculous for my age. Oh how times have changed. I am now a mid-level analyst who sits in front of a computer screen for 8+ hours a day and then goes home and continues. I CAN'T TAKE THAT ANYMORE!!! Let me calm down. Ok, all I want is to get back in the game. A game I quite enjoyed. I even enjoyed the midnight calls and nightmare tenants. Yea, I know. But I felt alive, I felt happy. I want that back and want it back for good. So here I am. Feed me your knowledge ole great ones...feed me seymour!!!