All Forum Posts by: Akeem Moreno

First time home buyer here and I would like the opinion of the BP community. I have 100k cash what would be the best strategy to build a passive portfolio in 3-5 years and double even triple my initial investment. I know about house hacking, brrrr, buy and hold.

@Don Konipol thanks!

@John Wijtenburg thank you John

@Joseph Firmin thanks great info

@Chris Coleman thanks for taking time out and responding. It’s just a matter of do I want to do a 203k loan or put 20% down then fix it up my self increasing the value then rent it out. Or go the hard money route so many possibilities. My housing range is anywhere from 100k-150k minor rehab is ok don’t mind getting my hands dirty.

What’s the best way to get started I know there is a ton of info out there house hack this , brrrr that, flip here. My goals are to get a 1-4 live in one rent out the other but so many options I’m overwhelmed!! Need advice please!

@Joseph Firmin yes sir!! thanks for

Your advice!! Will keep learning and researching.

Hi guys I need advice for obtaining my first rental here’s what my investment picture looks like:

50k cash liquid

82k available biz credit cards total limit

No debt other than some personal credit cards that do not exceed 5k which I can get rid of at anytime but I’m using a 0 percent balance transfer on one of my cards.

No student debt no kids I have to take care no pun intended just painting a financial picture

What’s the best way to leverage my money and get a solid return on a rental property? I live in NY as you know is pretty expensive to get into I can use a fha and house hack but I’ve been out of work more than a 1 year and a half due to injury at my previous job which I’m still recovering from so NO pay stubs to show the banker at this point I could wait until I get better or just use 20 percent down and get started in Realestate. I’m in a complicated situation with all the hype and low interest rates I’m tempted to dive right in!

@Aaron T. Hey aaron thanks for reply can I pm you?

Any portfolio lenders in Puerto Rico I’m looking to get a refinance for a rental property.