All Forum Posts by: Adam Campbell

Thanks for all the great advice guys! I think I would like to learn more about multi family homes. I was looking into the idea of purchasing a duplex or triplex out of auction, live in one unit and rent out the remaining, but as I learn the different routes that I could go that could change

hey guys! I'm just starting to look into getting into real estate investments and was curious on what resources you found the most helpful when you were first starting out?

I would love to be able to finance with an FHA to reduce my out of pocket expenses but from what I have heard elsewhere you should go through a hard money lender if you plan on purchasing through an auction. If I go through a hard money lender I already have a exit strategy in place but they do require 10% down which kind of deters me from going down that avenue

After some of the things you guys have mentioned I think starting an LLC would be the best option to protect myself and acquire a multi family residence through auction. But if that is what I end up doing do you guys believe borrowing from a bank or private lenders would be a viable option? Or since I am purchasing through an auction is going through a hard money lender the best option?

@Jeremy Pace @Greg Enersen and also other then you get acquire the money quickly through a hard money lender what are some of the positives?

It helps immensely. I appreciate all the information. So we touched upon some of the positives of going the FHA route. But what are some of the negatives of going through a hard money lender?

@Jeremy Pace so in comparison to other ways to finance, in particular what about FHA financing makes it a better way to go? And how does FHA financing differ from if your living in the residence or not?

Hey guys! I'm new to the community and was wondering on what the best way was to finance my first home purchase was. I've talked to a friend who is taking out a heloc and paying for the down payment that way, taking out a mortgage with a hard money lender, and then turning around and refinancing at a lower rate. I was also looking into FHA loans that would require a lower down payment. What are your opinions on those to options? And are there other options for someone who is looking to invest with little money?