Philadelphia, PA · Member since 2016 · 54 posts · 6 votes
I've never done a deal. Been educating myself through BP forums, YouTube, books, meetups, talking to friends with property, etc. Over the past 3 weeks.
I have someone willing to finance my 1st deal with 100k but I haven't secured the funds. I need a solid plan to present first.
I'm interested in building wealth through small multi-family homes, starting with a house hack in Philadelphia. Just moved to Philly and don't have an income.
I have a friend who is a part time agent feeding me leads.
@Obed H. Bey if you plan to house hack you need employment history to get a longterm loan (ie conventional financing). In the meantime, continue to network with local investors and engage BP. Lastly, binge listen to all the BP podcasts.
@Obed H. Bey if you plan to house hack you need employment history to get a longterm loan (ie conventional financing). In the meantime, continue to network with local investors and engage BP. Lastly, binge listen to all the BP podcasts.
Couldn't I pay cash for say a duplex, hold enough cash for repairs and other costs and after the seasoning period do a cash out refinance?