All Forum Posts by: Talha Makki

Hi All, I'm working on a deal where the owner is open to seller financing but has around 60 percent equity in the property. The way I was planning on structuring a deal was if I can have the seller owner finance for 20 percent and have FHA loan pay the rest. And once I refinance the loan I can pay back the 20 percent back to the seller. I can get the FHA loan finance the whole deal but I would have to wait 2 to 3 years for the equity to be build since FHA doesn't allow to buy fixer upper properties. If I take this route by the time I refinance the loan I would at least have 30 percent equity built up.

Hi All,

       In terms of investing in RE many investors tend to invest in areas where property value is appreciating. How do I analyze the market of an area and find out if the property value will appreciate or not. Also if there are any good blogs or podcast you would like to recommend.

Hi @Ricardo R. really appreciate your explanation. 

Hi All,

    I'm scrolling through properties just so I can get my mathematical up and discovered this property where I was running comps for. Below are the exact numbers that I calculated and would like to know if I'm doing it right. 

• Purchase price 133,614
• Down payment (20%) $26,722.8
• After repair value 190,878 
• Property Taxes $255
• Home Insurance $66
• PM $160
• Mortgage $583
• HOA 0
• Vacancy (10%) $160
• Repairs (5%)  $80
• 1600 Monthly rent
• -1304 the cost

Monthly Cash flow is 296

Cap Rate

Annual net(minus mortgage)/ purchase price

10548/133,614

7.9% cap rate

Cash on cash

Annual net/ Cash invested

3552/26722.8

13.29% cash on cash

Note: I haven't included CapEx.

@Cassi Justiz I'm currently research different markets but for me ideal place to begin with would be rentals. I would like to get more input from RE agents to get a better understanding of areas. But seems like I'm the one teaching them. REIC I believe would be good place to start.

Hi all, 

       I've been actively looking for real estate agents and met several of them and seems like they're not the one's that I can build a long term relationship with because they haven't worked with too many investors or builders. Looking at them struggling to answer my questions gets my double minded whether to move further or not. My question is how do I choose a RE agent?

I'm leaning more towards*

@John Leavelle Thanks for the advice! And yes I'm not leaning more towards free and clear. Finding motivated seller can be challenging since there is less inventory and more buyers nowadays. Any advice on finding a motivated seller?

How long does a process usually take if you are buying a REO, foreclosure, or pre-foreclosure properties?

@Andrew Syrios @Stephen Renehan Thanks for the advice! Yes I was thinking about the same thing when it comes to auction there are bigger sharks and already have finances available that shouldn't be very suitable for a beginner. And my biggest concern regarding foreclosure property is that they don't provide you with a access to physically see the property. I'm just debating whether to go for free and clear properties since I won't have to worry about any liens tied to the property. But most investors go for pre-forclosure or forclosed properties since they find discounted deals that's why I wanted to find more information and other investors experiences and advices.