Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Edgar Monroy
  • Houston, TX
1
Votes |
9
Posts

Looking to start my real estate journey. Connect lenders/agents

Edgar Monroy
  • Houston, TX
Posted

Hello BP. Im starting out my investing journey more or less. I have a primary residence that was deeded to me by my father 100% paid off. The plan is to rent this house out and move in to another in order to add that rent to my income. I have been very interested in the buy and hold method for a while now. I have been setting myself up for the past couple of years, by getting rid of debt and increasing my income. I feel like it is the right time for me and am looking to connect with lenders and real estate agents to do multiple deals with, throughout my investing career. I am self employed and have been for 5 years. My plans are

1. Aquire a property as a first time home buyer, and hopefully take advantage of programs. Whether that be a MF house hack or a SFH i can put some tlc and force equity. I need to connect with a lender and agent who understand house hacking or have worked with first time home buyers and investors.

2. Second, Later on in the year do a cash out refinance on the home deeded to me by my father. (Worth about 140k)

3. Leverage the money from the COR to acquire more rental properties.

I will be doing my taxes for 2020 this week. Any input on how i can set myself up better with lenders would be greatly appreciated! Also any tips and advice would be greatly appreciated. I’m always open to input.

Loading replies...