New Investor To Texas
Hey everyone,
Can someone please explain, in detail, the process of "jobbing"? I know the basics, but how do you line up a money man to buy the deal from you?
Any help would be appreciated.
Thanks
[addsig]
Looks like a bad deal to me. You didnt say how much you would put down, but 750 is pretty slim for a 100,000 dollar place. Hoping things appreciate is speculation, which isnt bad as long as there is cashflow till you sell. Basically, there are a lot better deals out there and I personally would not waste my time with this. Good Luck.
oh, i would put down probably about 30k
I understand that things very significantly around the country and canada but 30000 is ten percent on a multiple unit building with much more cashflow. The way I look at the numbers is that if it doesnt cash flow 150 a month with 100 percent financing then it is not a deal. If I put more down then thats just more cashflow.
We must have been typing at the same time. 30K might make it better, but I would find a better place to invest my money.
yohc,
That is exactly what I mean. For my area, that makes it approximately 1 in 30 properties is actually worth going after.