All Forum Posts by: Adrian Stamer

Congrats @Axel Ragnarsson on raising money for the deals. I am currently 22 and I have a triplex in Elizabeth NJ that I purchased with an FHA loan. Im looking to acquire a another 3 family in Elizabeth but am encountering problems using private money to fund the down payment. My lender told me I would need the standard 25% down payment and 6 months reserve PITI for the property I am purchasing 2 months reserve for my 1st property and the money can not be gifted. The house I am looking to purchase is about 160k and I am about 10-15k short of having enough for down payment and reserves. Any tips on how to go about using private money to fund the down payment?

I'm in Richmond also.  I have been looking for a house here for about a year, but have not had a lot of success finding a good value.  Many of the homes are very old.  I think it's a great town if you know how to remodel homes.  It's not so great if you want something new, unless you're OK with a commute.  It seems to be a seller's market right now (09/2016).  There is a lot of history here.  Great town for a history buff.  Tons of great food.

Hello everyone, 

My name is Steven McLeod and I am a wholesaler in Richmond, VA. Just wanted to say hello and thanks to everybody for sharing all the great info here. I myself have used BiggerPockets to close multiple deals so I am happy to contribute and give back anyway I can.

...Happy Investing

-Steven McLeod