All Forum Posts by: Ade Tuyo

@Stephanie P.

Yea looking to buy and hold the property, it’s in Detroit. I can only see the property after I submit an offer. I wouldn’t want to be in the hard money loan long after closing I would want to rehab immediately and refinance out, so I see where getting in there could get dicey.

@Benjamin Hurwitz

Thanks for the response! The property is in Detroit, I live in San Diego. Looking to buy and hold the property, there is a tenant currently in the home. I can only do the walk through after an offer is submitted.

I recently saw a property that was tenet occupied that I wanted to buy but I would also like to do a rehab on the place with the cost included in the hard money loan. I was just wondering if anyone has done this or any advice on this.

Looking to buy a property for 40k, the down payment is 8k would I be able to do this on my credit card?

Thanks for your advice I'll make sure to continue listening to the podcast and I will check out the book you referred as well.

Thanks for your reply and advice. I would definitely like to buy and hold for passive income. I like the idea of a living in a multifamily and renting out the other side to start my investment portfolio. The road map to get there is what I need help with. 

Ade 

Don't have don't payment money but good credit. I want to earn enough cash flow to quit working my full-time job one day.

Looking to buy an investment property in one of these towns but the end of my apt lease in June. Any information as far on which type of loan would best fit for a 2 family investment property would be helpful.