Thread: 1st time investor looking for advice please

Each has it's own set of risks and pitfalls. It also really depends on you local market for each more than anything else. I'd talk to a realtor experience in investments in your area. They should give you advise on what area is strong where you are.

-Tim

Exactly, your market will be a huge factor. Also, if you plan to flip to you have the money & resources? Where are you looking to invest?

Chopper,

Boston Equity Investments offers a great program for beginning investors. We specialize in multi-family condo conversion projects. We secure up to 100% financing and we manage your property for you. If you would like to hear more, shoot me an email at dneville@mail.beipartners.com.

Thank

Originally Posted by dneville11

Chopper,

Boston Equity Investments offers a great program for beginning investors. We specialize in multi-family condo conversion projects. We secure up to 100% financing and we manage your property for you. If you would like to hear more, shoot me an email at dneville@mail.beipartners.com.

Thank

I'm an investor since 1991. I've never, ever, seen a 100% financing for investment properties, ever. Beside, If you go 100% financing AND property managment on top of it, there's no way to get positive cash flow.
If I'm wrong, and you can prove it, I'll buy 10 properties with you tomorrow. Just tell me where to sign...I'll do it with 2 hands...

Haha...Cody - based on how good a credit score you have, we secure up to 100% financing at your closing. As far as a management fee, we charge a minimal amount of $100 per month to take care of any and all management issues regarding your tenants. Let me know if you'd like to hear more. We have a great prospectus.

Yes, I believe you.
Or 100% and credit score of 840+ and 12+% interest
Or Score of 700-750 and 60% financing and 12+% interest
Or 6% interest and 840+ score and 60% financing.

So yes, you can do a 100%.

Beside, If I buy a 20 units appartment building, is the fee of $100/month for the whole buildings or $100/month for each units, making it an easy 10%-15%??

Well, let's say this. I will buy a 20 units or more appartment building from you, with the $100/month managment fee, with zero down (that's less than one cent), at 6% interest for 30 years, at appraisal value or less, with a no doc mortgage that you do not control, as an investment property. I'll do the condo conversion since it's not my first time. My Score: 825

I think Research and preparation are two fairly obvious, yet essential steps. Exploring these steps thoroughly will dramatically help to alleviate the stressful transition entailed in a new home ownership
Thanks !!!!!

Investing in real estate is no exception to the general rule that doing something new for the first time can be quite challenging. But challenges can be overcome, and again, real estate investing is no exception. Here are some suggestions for first-timer investors who want to dive into property ownership even if it is Duplex,Fixer upper,Commercial etc :

• Resources
• Research
• Calculate
• Risk
• Results

[FONT=arial,helvetica][SIZE=2]The biggest barrier to success in real estate investing for those starting out is the steep learning curve. Real Estate investing, no matter where you live, is a complicated business and you can lose big money quicker than you can say