All Forum Posts by: Alberto De jesus

Personally, I think buying property without a steady income or financial reserves is very risky. What is your exit strategy if you can't rent out this house? Would you be able to get rid of it quickly before it the holding costs put you in worse financial future? What happens if your tenant stops paying?

Often times as investors we need to know when to act on deals and when to pass on them. The exit strategy is your safety net to minimize losses and protect you. If there is no exit strategy, it's a good idea to pass.

The wholesaler will probably only sell the property for all cash. The only two options are private money lenders and hard money lenders. Both would want you to put up more then 10k in cash.

I don't see a way you can get money to get this property. If you do get money, you really think think if you can handle the worst situation purchasing this property.

I wish you luck in any event with your future real estate investing and job search.

Totally fishy.

When I rent to a tenant, I get the following:

1. Credit History

2. Eviction History

3. Criminal History

4. Monthy Income meets my criteria

5. Google search them by name

6. References from previous places they lived

If anything looks fishy, I move on to the next application.

Very excited to go to this. I'm interested in non-traditional ways to find multifamily houses? Using a realtor & driving for dollars are great methods but what other methods can be used?

Thanks Collin! I'll check those out.

What software are people using to track your direct mail campaigns?

How do I make myself attractive to hard money lenders if this is your first real estate flip, rehab, or long term property?

What exactly do new real estate investors show hard money lenders to get a loan? I haven't tried to get a loan but want to learn more about my options. I'm thinking things like credit score, assets, and such matter. Is cash needed?

Thanks.

Thank you all for the info! I have a better understanding where these certificates fit in my investment career. 

Hello,

What is the difference between real estate broker and real estate salesperson certification? What investing strategies benefit from each certification?

Thanks!

Hello,

I am looking to buy and hold several multifamily houses in the Massachusetts. The goal would be to supplement my retirement and make additional income.

I'm a full time employed individual with very little cash, great credit and own a two family that has equity. The two family has a FHA loan.

I plan to at least make an additional multifamily purchase this year after I become more educated and build a bit more cash up. Not sure if that purchase will be funded with an equity loan or cash loan.

I'm looking for ways to serve the Bigger Pocket community but not quite sure how yet.