All Forum Posts by: Andrew Urban

Yellow letter seams very expensive. Can I just go down to the court house and ask them which houses are heading into foreclosure?

I use quicken rental Property Manager whihc manages all of my finances not just the properties. There is also a web site which works very well called RentoMatic. Check both out, but I love the quicken program.

A good URL from GoDaddy and Ning.com, as easy as it gets. Plus Ning now has tons of great social media plug ins. Wordpress.org also works well but can be a little more complex at times. Even large coprs are now using Ning for campaign ads.

Google wave is awesome. I don't really have any connections on there so feel free to add me :) Happy waving!

The above are good and I have used but also check out google maps :) they have a new search criteria with real estate listings which you can search by area. Check it out I have been using it for a while and it works great plus its free :) http://maps.google.com/maps?hl=en&tab=wl

nmbr,
I have an apartment with a similar sized kitchen, small. My kitchen doesn't even have he fridge, it's in the dinning room :) In all of the units I painted everything, new pulls, new lights, and a new floor where needed. Any types of visual improvements/ modernizing will really make the kitchen stand out. One thing that really helped was to paint the appliances chrome with appliance paint. This makes the units stand out and was a very cheap alternative to buying new alternatives. Hope this helps

thanks for all the help guys

Curt thanks for all the great info. I only have $10k to spend so do you think he would be willing to go 80/20 until I build some capital with this and other projects?

Thanks Curt.
I might have found a private money lender through a commercial real estate friend I have. Wold the private money lender needs any funds or assets from me? Might he be looking for an end buyer or contractor. Also what happens if it take a long time for me to sell the property? Do I need to pay him something each month or does it depend on our terms. Thanks for your help :)

Hello,
I have been a member for a while and have read a number of post which some what relate to my situation, but I wanted to ask for some more advice. I looking to purchase a single family, un-owner occupied, to rehab and flip. I have some funding but will need more in order to secure and flip the property. Here are the details:

House list price: $49,900
Estimated value from Zillow: $160K
Similar homes in the area have sold for $90K- $130K in the last 90 days
Rehab cost: $15K-K20K max
Good thing about area is its in a "revitalization" area which means there are LOTS of first time home buyer intensives from the town and state not to mention the government ones.

I currently own two rental properties which I have owned for around 2yrs each. I still owe to much on the principle to take out any lines of equity so that is out of the question. I have around $10K in the bank I can use along with the two house for collateral and experience.

What is the best way to fund a project like this? Does this project seam like a good deal for those of you reading it? What is the biggest difference between a private money lender and a hard money lender? Would it help to have an end buyer? Also should I have a contractor ready to go one the project with an estimate? Any help you could shed on this project would be much appreciated. Thank you in advance.

Andrew
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