All Forum Posts by: Ana Mocanu

Hi Everyone,

The issue I'm having is that the state I currently live in has extremely high prices. (WA) I'm just starting out and am hoping to buy a multifamily in the near future. I would love to buy in my state as I'm comfortable and familiar with the market. 

I have the credit score, I have the down-payment (considering doing a helco to access more for a multifamily). But I don't have the income to qualify for a loan. Are there any loop holes or ways to get around this? Do I absolutely need to focus on buying out of state and give up hope on buying locally? 

Great point! Well it's back to the drawing board for me. How would you suggest I research markets that have the potential for growth and stability as well as fits within my budget of under 200k? 

@Mike D'Arrigo I appericate your insight. I chose North Carolina because I could possibly see myself living there eventually. I'm hoping to buy a single family home that can appericate over time while rent pays for the mortgage and expenses. I'm looking to grow my money over time in assets. 

Where should I start when looking to buy out of state? I live in Northwest Washington and am looking to buy in North Carolina where prices are much closer to my price range. My husband and I have a trip planned for this summer to visit the area. I'd also love to connect with local investors.