Well here goes nothing........
My real estate investing "career" started in my mind about 10 years ago and man I made a ton of fake money in my head.... in reality it started on 2007. Finally took the plunge along with my business partner to invest in Scranton, Pa and Wilkes Barre, Pa and soon Philadelphia.
We have many goals but the main one is to buy and hold as many properties as possible to create passive income, then move to bigger better properties, flips, etc etc. I am here to share my experience and network. We are wrapping up a rehab right now and going through the refi process. What a pain right now! We bought it right and hope(d) to cash out a bit of money with a 75% or 80% LTV. Up until this past Friday the 75% looked like a reality... now it looks like 70%. All is good unless that changes... who knows what tomorrow will bring, we can go to 65% but don't tell the bank! At 70% it still cash flows which is the main goal.
Anyway I am looking to just share information and give my honest feedback and share my experiences here. Oh and if you have a time machine let me know so I can go back 10 years and get my Money!
Wednesday, April 2, 2008
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1 comment:
Welcome Marty! Caeeful with the JohnCap style humor.... ;-)
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