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Taking Action

Date: 06/19/2009 / Category: none , Current Grade A-
From: sweeper49
06/19/2009

Thank you for your comment on my blog, i went out and took action,this is the information that i found on the complex that i am intrested in, 6500.00 mo gross income(78,000) 1725.00 mo expenses(21,000yr) asking price 360,000 with 20% down payment(72,000) 9units, real estate agent wants to see if i qualify.

What do i do now ?

Getting Started

Date: 06/18/2009 / Category: none , Current Grade B

Hello fellow investors, my name is Edison S. Francis of Port Arthur, TX.  I am very intrested in investing in apartments.  I would like to know what would be the first thing i should do.  I have been doing some research and found several complexes for sale.  I would like to know how do i get all the information on the property, rent roll, utilities,etc... so i can see if i put together a win-win deal.

Thank You

Could be my first rehab

Date: 11/12/2008 / Category: Rehabbing , Current Grade B
The property is in southeast texas, the asking price is $47,900(neg)
the comps for that area is $120,000 , i have not yet received any contract bids yet to let me know what rehab is going to cost, the worst problem in the rehab is the foundation, which is on piers.  Do i get hard money for buying and rehab? 

Thank everyone in advance who replies.
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