davejinpa


All About davejinpa

davejinpa's picture
Name: 
Dave Johnson
Location: 
Edinboro, PA
About Me: 

I am a Certified Fundraising Executive for a medium size nonprofit!

Interests: 
Real Estate investing, sports, my kids and family, my faith!

Basic Info

Occupation: 
Fundraiser
Children: 
Have Child(ren)
Education: 
Completed Post Graduate
Status: 
Married

Sites I Visit

Mainly Just This One

Guestbook

Potential First Deal Question?

davejinpa's picture

I ran into a guy whose mother recently passed away. I assumed from our conversation that this guy will need to sell his mother's house. This sounded like a great opportunity to jump into my real estate investing career! Can anyone give me some general suggestions about how I approach this guy and what kind of deal might I use in this situation? Assignment maybe? I don't have money to invest.

Happy ThanksGIVING! Welcome

JJD's picture

Happy ThanksGIVING!

Welcome Gifts For You!
download files, leave comments and Enjoy

http://www.deangraziosi.com/real-estate-forums/investing-journals/54326/...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

Here are some resources to get you started! Please leave your comments in the post or two. And, Don't forget to check out all of the other great resources available in the books, links, downloads, conference calls and website provided here.

May You have Great Success on your Journey! You will find a vast array of information at your disposal on this site.
Most of your questions can also be answered by researching in some of the Forums, Posts, and other links available.
It would also be to your advantage to complete your profile to it's fullest as well.
Thanks For Coming Aboard!

JJD

Help with a Multifamily Housing Deal!

davejinpa's picture

I am ready to submit an offer on a multifamily house with two units. This rental is near a medical school and has never been empty. The rents are $580 and $570 per month. The taxes are $2,400, the insurance is $600, water and Sewer $300, and expenses estimated at $1,000. The unit has been on the market for over 695 days with the starting listing price at $138,000. The price has dropped to $109,900 and I am submitting and offer of $82.500 based upon my calculations. My problem is financing(as usual). I asked about owner financing but that does not seem to be an option. I have little to no money to put down and after talking with a mortgage broker that I work with he does not think I can get it financed without at least 20% down, I don't have it. Can anyone give me some guidance on this deal?
Thanks

Am I posting my comments correctly??

davejinpa's picture

So far, I have not received any replies to my request for help and was wondering if I am posting in the right spot? Can anyone offer any advice on my deal above?

Thanks!

Deal

wthwaits's picture

Sir, I am just starting here but I believe you are posting this question under your profile. So in order for someone to read it like me, they have to click your username to read it. I think you have to post this in the main forums where it will standout more and everyone would be able to read it. Oh, this is a long time ago! Sorry!