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Updated about 8 years ago on . Most recent reply

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4
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Gustavo Mayoral-Arevalos
  • Clementon, NJ
2
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New member investing

Gustavo Mayoral-Arevalos
  • Clementon, NJ
Posted

Hello ther BP community, Gustavo here while I don't own any properties yet I'm looking to buy to my first duplex or triplex here in south jersey within a few months. In the mean time I'm doing my due dillegence , reading articles on here listening to podcast daily three or four times a day. I see that there are meet ups near my area which I'm going to attend. I'm working on now on saving money and getting my credit together not that it's bad but make sure everything is in order. Being so that I will be using an FHA loan for my first investment. That being said I haven't reached out to any real estate agents yet should I wait till I get my credit pulled and see what I qualify for then start looking for a real estate agent? Thanks in advice.

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Jerry W.
  • Investor
  • Thermopolis, WY
3,998
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Jerry W.
  • Investor
  • Thermopolis, WY
ModeratorReplied

@Gustavo Mayoral-Arevalos, welcome to BP. it is very smart to start watching and learning the local market and educating yourself here on BP. I think it would be a good idea to see what you are qualified for if it doesn't take too long. That will help you and your realtor figure out your range for buying. Are you planing on living in your multi unit, or just buying a straight rental? you can often do a pretty goo0d loan deal for your primary residence you might not be able to do for a straight rental. lots of government houses like HUD often offer properties to home buyers before regular investors \can bid on them. Keep learning and good luck to you.

  • Jerry W.
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