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Almu profile photo
  • Wednesday, January 28, 2004 @ 12:55 PM EST
  • 4 Comments
As a newbie, what would I ask a prospective seller or investor about the property they are selling? Do I ask them how much equity they have in it? Or what is the FMV? Is there like a list that I can follow that would make me sound like a retard? :)
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  • jstoub1
    jstoub127th January, 2004
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    What exactly are you looking to do in REI? Do you have any specific goals or areas of focus?

  • Almu
    Almu28th January, 2004
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    Subject to or flipping is really not what I think I want to do. Those types of deals seem to have mix reviews all over the real estate world.

    So, what I would like to do is just the old fashioned way. Buy properties that give me positive cash flow and build my net worth.

  • pejames
    pejames28th January, 2004
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    Almu,
    Do you have your own cash or access to funds to do what you want to do? I'm sure you are aware of the prices of real estate in NYC. Good luck

  • Almu
    Almu28th January, 2004
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    Reply

    Pejames, what happened to using no money down? So is it true that this is all a myth?

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