All Forum Posts by: Amber H.

Ok, sorry I have no clue why inserting that link made my text blue up top. Anyway...

Given that I live in Florida and we all just experienced Hurricane IRMA a few months ago, I couldn't quite tell if those boarded up windows meant homeowners were lazy to take it down, or if they were actually distressed. Any clarification? I can't figure out who would leave their windows boarded up but you never know? This is the first hurricane I went through as an adult.

Thanks for the clarification, and sorry if this seems to be a "stupid" question,

Amber.

Hi @Nicole Carroll! Looking forward to seeing you on the forums. If you would like to meet up in the future, I am always open to network!

@Jeff Copeland you are completely right. Gainesville would honestly be the better option (20-30 minutes away) and dense w/ University of Florida college students. I guess it just depends if college students are the demographic of choice. Best of luck, Kumar! 

@Alexander Felice That's the problem. I make the switch to this job that can teach me everything, I won't qualify for a loan for myself because I don't meet the two year requirement. My question about being a student was mostly because I read somewhere that they may count my "student" time into the equation - let's say if I just got my first job w/ my degree. And oops! I actually meant FHA. Sorry. I was thinking more in the 3.5-4% or whatever the going rate is right now. Also.... I currently am 1099. I'm pretty sure I would be switching to W2 in this real estate venture but we never got to that part of the conversation.

Hi, all!

Still soaking up knowledge here. I have a kind of specific question about conventional loans.

I have been networking with local real estate investors in my area and actually was blessed to have the opportunity or a shot at a job in the field. However, I had to put that thought on hold - because I haven't secured my own housing let alone any deals and the general idea is that you need to have 2+ years in the same job/field in order to be approved for conventional financing (I would like my first deal to be conventional so that I can benefit from the low % down).

So here's some questions:

If I stayed at my current job 1 day of the week and tried to take on this new venture, would I still be eligible although majority of my income would come from the new job?

I'm a student and have been for several years. I'm assuming these loan officers aren't going to dig in what career path I'm taking - could this be used to my advantage in this case?

Or should I potentially let this stuff just go by, hoping that by the time I'm ready that it will still be on the table?

Thank you,
Just feeling a little bit stuck.

Hi, all at BP, What are some good questions to ask someone who has more experience and their own company doing real estate? I am a newbie but have studied up through BP the last few months. I have a few in mind, but I didn't expect to get a response so quickly when I reached out to try and build my network. I suppose that's a good problem to have. Thanks, Amber

I've been looking at wholesaling a bit now just because it seems like a great way for some people to start, and I'm in Tampa. What I found is that unless you have ~2k-2.5k to get the real estate license (after all fees, membership, classes, etc...), or you have enough cash to buy the property outright and then sell to someone else at a greater price, it can't be done here. Is this right, or is my understanding a bit off?

Now, what if you planned on wholesaling outside of your state? Do you still abide by the laws in Florida or are you now under compliance with whatever other state's laws? Is this a possibility for the O.P.?

@Bill Hampton Nice to meet you! Will do.
@James Wise Thank you. Pleasure to meet you as well!

@Jonna Weber Thank you! I am already. I have to tell myself to focus on finishing finals instead of reading the forums for now haha. Happy Thanksgiving!

@Dave Visaya Thanks for the kind words and nice to meet you! Will do.