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Updated about 3 years ago,

User Stats

4
Posts
0
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Andy Ronquillo
  • New to Real Estate
  • Midland, Tx
0
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4
Posts

Need help with first deal!

Andy Ronquillo
  • New to Real Estate
  • Midland, Tx
Posted

Hello bigger pockets friends my name is Andy Ronquillo and I'm currently working on my first deal. So I am in west texas and I was thinking of doing a house hack on a small multifamily property it was a Duplex in San Antonio. I got with a realtor and told him what I was trying to do and he was very helpful. Although in the process of analyzing that property and considering other properties I was approved for only a $100,000 fha loan and these properties were in the $250,000-$300,000 price range. So I decided to go a different route and am now looking for single family homes to flip in my area since I don't have a very good amount of reserves to do long distance brrrr or short term rentals. What I need help with is what advice can you guys offer for my current situation I have an approval for $100,000 mortgage loan but I'm not quite sure what I should do with that with so many options I'm kind of overwhelmed my goal is to have a large portfolio of long term rentals or short term rentals. Thank you guys in advance any advice would help.

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