Help, Newbie on the run - Posted by Bryan

Posted by GL-ON on July 02, 2003 at 16:29:31:

Sure it’s possible. There are a hundred ways of doing this. Some you can do, some you can’t. But you only need one.

If you are a read a holic you know at least some of them. Even if all you ever read is this board.

Maybe if you tell me what the problem is, in detail, I can help you.

But please don’t ask me to type out all 100 ways again so you can pick one.

Help, Newbie on the run - Posted by Bryan

Posted by Bryan on July 02, 2003 at 16:20:25:


  1. Newbie
  2. Two good Deal
  3. Heaping shovel full of ambition and motivation

And you’ve got me, a guy looking for some expert advice on how to structure my first deal. I’ve been a total read-a-holic when it comes to investing in real estate.

I am looking at purchasing two duplexes in IL and have done all of the financial analysis, proformas etc. on two $55K deals.

Here’s where I need the help:

The realtor wants to get paid i.e. somebody is going to
have to pay his 3%
We’re trying to somehow find the downpayment we have been trying to seel notes with no success
We’re trying to find a hard moneylender
We’re trying to make the deal work

Are we living a pipe dream or is this really possible somehow?