All Forum Posts by: Tim Puffer

I'm working toward my first deal. I'll have to find a good agent to work with. What's your cash flow slated to be on the duplex?

@Charlie Fitzgerald

Great points. Now in your opinion - what is the best way to find a great private money lender to partner with?

Good stuff Andrew! Did you choose a real estate agent who has been in the business awhile?

Hi Michelle! BP is a great place to go for anything REI.

Do a lot of people buy homes on the beach in Florida to use as vacation rentals? What are the home prices like?

Hi Ivan! Welcome! You will have no shortage of awesome people to bounce ideas off from and give/get advice.

Welcome Stephen!

Jason,

Go to the resources tab and select FilePlace. There may be some there. Also you can usually find some good agreements online. In either case I would have it looked over by an attorney to make sure it is exactly how you need it crafted for your situation.

@Tim Mellor

Hi Tim!

I've been on here for a short time and can tell you it is awesome. The information and the great people willing to share ideas is a huge boon to being a great REI.

Welcome!

Morning Erik!

Is the asking price in-line with the area? With setting up a private deal you can probably offer a bit less as you would be cutting out fees from a realtor. 

Also, do you have an idea what their current expenses are? You will need to take that into consideration along with taking out for repairs/maintenance, cap/ex, vacancy, taxes.

It's good to factor each expense individually to be as accurate as you can. 

 Exactly it's important to not be so eager that you make offers on deals that aren't actually what you are looking for.