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Updated about 5 years ago on . Most recent reply
Newbie Investor from California
Hello everyone! My name is Kevin Fagan, and my wife and I have been interested in investing in real estate for many years and finally are ready to get our feet wet! I started the 90 day challenge a few weeks back and hope the hit the ground running. I live in Rocklin, CA but I am looking to invest out of state. We have read (or are currently reading) a lot of the Bigger Pockets books which is how we found the site. We have been podcast/YouTube follows for quite a while and are excited to get started!
We are looking to start with SFH and hope to find an opportunity to BRRRR. I have discussed a lot of different states/markets and have tried our best to do our due diligence in choosing the right one. We have settled on Houston and possibly (based on proximity) San Antonio/DFW. We recently closed on a HELOC on our primary residence for $100k and saved about $30k in cash. I am also looking at hopefully qualifying for a rehab hard money to permanent loan that some lenders are offering now. I have already reached out to a few lenders about this option. I am hoping after we get a deal or two under our belt that this loan product with my HELOC might give me option to scale fast and work more than just a couple deals a year. Sorry if my intro post is kind of long, I would appreciate any feedback.
Kevin
Most Popular Reply
@Mark Pedroza Thank so much for the tip, I signed up for a few meet up groups in my area and hope to get out to one soon!