All Forum Posts by: Yonelle Baptiste

@Eric M. Congratulaions! Thank you for sharing your story.

Great Cash Flow.  If interested, please inbox contact me. 

please tell me what's the property taxes on this property.

Hello Jasmine, 

I'm also a resident of NJ and I perform my first deal this year in PA with a loan from a HML using the same strategy. The HML loan purchased the property and I utilized my money to close the loan and renovate the property. It was my first deal so I went for a property with minor repairs and was able to get the home renovated within two months and rented. When dealing with a HML you have to be very proactive. Before renovations is completed, you have to list the apartment and the moment you sign a lease you have to start the refinance process. Depanding on the terms of your loan, you have to go through you entire strategy within that term. It's a great strategy, I love it and by using this stretegy you could get deals off the market quickly.

Good Luck,

Yonelle

wow! Great Job. Thanks for sharing.

I am currently trying this strategy right now with my property. I joined BP in January, Ask @Lisa Phillips  to by my mentor around March  2015 applied her Leveraged Analysis Technique and aquired my first property by April in PA. A 3 bed two baths with a nice walk up attic for $45k. I'm currently refinancing and I was told I could cash out within 6 months, however I hoping to ask my Hard Money Lender for another loan prior to that cash out to perform my second deal. Thanks for sharing your strategy, now I know it's definitely doable combining this with Lisa strategy to find the cheap homes in communities.

Yonelle 

@Brie Schmidt, WOW! what you did was awesome, you not only changed your life, but you were determined to make a better life for you and your family to retire comfortably. Congratulations! I'm new to REI and i hope to accomplish my goals of obtaining 2 MF properties this year and reading your story gives me hope. Stay Motivated, & best of luck.

@Justin C, Thank you for sharing your experience. I'm a new investor from NJ and I had to pass up my first deal due to financing. Again Congrats and best of luck on your other deals.

I love the interview with Grant. It was funny, inspiring, and educational all at the same time. This is an interview I can listen to over & over for some motivation.  Thanks for another great podcast. Keep them coming guys.

Yonelle (Millionaire Investor)

@Sandra Holt, Way to go! I would be just as excited. Like you my goals are two this year as well, however I have not found any deals yet in the NJ/NY area.  Thanks for sharing you accomplishments. Stay motivated.