All Forum Posts by: Yoel Frometa
Yoel Frometa has started 1 posts and replied 9 times.
Post: Dirty Buying Secret That Works
- Posts 9
- Votes 0
@Mike S.
Hmmm I’ll look into that, thank you very much.
Post: Dirty Buying Secret That Works
- Posts 9
- Votes 0
@Mike S.
Hello Mike that is a good way to avoid the agent not presenting the offer to the seller, but how do someone gets the sellers contact info?
@Gary Parilis
Hello Gary I really appreciate your advice it’s sincere, according to Warren Buffett a key to his wealth is that he held his investments.
@Jeff Cichocki
Thank you very much Jeff you have a very interesting point.
Originally posted by @Gary Parilis:
Refinancing is a good idea Gary, I think I might go for that. But then again if the rents dips too much then it wouldn't work. I like the rent income I get but I fell I could do more with that money from the sale. Thats what is making me doubtful.
@Jaron Walling
It’s 110 months of cash flow and there was not a lot of cash put in when purchased, but If the rent dips 40% I don’t think It would make it.
@Ralph Justiz
Very good point of view, I would have to think about it.
@Anthony Angotti
Thank you very much, I really appreciate your honest response.
Hello, I'm looking to get opinions on what I could do. I bought this Florida duplex in 2016 for $220,000 current it cash flows a gross monthly amount of $1100 the market value is around $340,000 and I owe $203,000 on it plus I wouldn't pay commissions on the seller side because I'm a realtor. This means I can sell it and get net around $120,000. I need that cash flow money it helps a lot but I can live with out it. So I was thinking to see if maybe I could try flipping properties buy buying them in auctions or getting deals from distress owners. Because it is $120,000 I'm thinking seriously on trying do some type of investments to make better use of that money.