All Forum Posts by: Jose Flores

Thanks guys

Appreciate the feedback. FCI wants the bank to complete the loan serving paperwork, which requires them to approve the transaction. I think I'm going to go with Curts' suggestion to just open an account at his bank.

Thanks to everyone

Hey BP community:

Any feedback would be appreciated.

3/3 bedroom duplex

Nothing down

Subject to existing 82,000 first loan (monthly payment 1,150 including taxes and insurance)

estimated repairs: 10,000

ARV: 95,000

Also, does anyone know of a loan serving company that does Subject tos?

Thanks

Jose

Thanks Ned. Was just wondering if that was enough money.

Hey BP community

I got a wholesale deal under contract for 18,000 and a buyer for 21,000. It needs a roof repair and porch 8,000. If I assign the contract besides my attorney fee of 425.00 will I walk with a check for $2,575? Also, seller has a Tenent in place paying $850 a month. Does this deal make sense?

Hey Guys

Thanks for all of your responses. I agree that it does not seem like a quick flip.

Hello Everyone

I just found a single family house for $25,000. The owners is willing to hold for 5 years with 5000 down. Here are the numbers:

ARV is: 55,000
Repairs: 16,000
Do I still try and flip this house or do a as is lease option with 10,000 down? Any thoughts would be appreciated.

Thanks

Jose

Hey Guys thanks for all the great resources and advice. I agree that there are a bunch of knowledgable people and wonderful resources on BP. I have learn so much already. I have been investing in Buffalo NY for the last 3 years. Mostly buy and hold rentals and cashflow used to continue fixing up the houses. However, I feel I am house rich and cash poor and that's why I want to move into wholesaling.

Hey everyone

I'm Jose and I am a investor from Buffalo, NY. Interested in finding a wholsaler to mentor me. Any help would be great. Thanks

Great ideas!!! Thanks guys

After I have come to an agreed upon price with the seller on a home how do I explain to him that I need to bring investors into the home to see it? Any help would be great. Thanks