All Forum Posts by: Alexander Darnley

Interesting. Thanks for the advice everybody.

It looks like I'll steer clear of an FHA loan for the time being. I was really digging financing the rehab portion....

Are there any other viable alternatives for financing rehab costs?

No, I don't. If the property is designated as your primary residence then I don't see why an FHA loan wouldn't work.

I understand that the FHA does not lend to investors... but as this would be my primary residence, it doesn't have to be considered as such. Lots of people have primary residences in the US but work overseas.

I am renting in La right now because I have a job assignment there, but I plan on being back to Houston within 6 months - 1 year.

That being said, must you physically OCCUPY a primary residence for the FHA loan to be approved.

I am currently interested in purchasing a flip in Houston, Tx, but currently live in Shreveport, La. I understand that FHA loan requirements state that you must be an owner occupant and that the house must be your primary residence. Since I don't own any properties right now, could I consider this my primary residence even though I am living in Shreveport, Louisiana?

I have an experienced rehabber in Houston who will be handling most of the work.

Thanks for the advice everybody!

@ Paul Broni - How did you go about finding a mentor??

@ Steve L. - I've read the first two books on your list. Rich Dad Poor Dad was an eye opener, especially for someone who has been focusing on higher education their whole life. Good thing I read that when I was young. I'll look into those other 2 books today.

Also, if yall were in my position and just starting out, what niche would you get yourself into???

Hey everybody,

I recently graduated from Texas A&M in May and landed a solid engineering job in the oil field shortly after. I have always loved the idea of investing in real estate and would like to try and accrue as much knowledge and capital as possible in the next few years.

That being said, what are the top real estate books out there? I am a firm believer in absorbing as much information as possible before making any hasty decisions/moves. I know there's a lot of bad information out there, so please help me sift through it all.

Thanks and I'll see yall in the forums!