All Forum Posts by: Andres Andrade

@Trevor Haney

Trevor thank you so much for taking time out of your day to reply. Super helpful and good information.

Our plan is to hold our property for a long time. We would live in it for at least one year and then rent it out.

I had no clue that the seller will pay for my real estate agent? So ultimately, what would I be paying as the buyer? Down payment + fees?

So I got my degree in construction management. Worked with a general contractor for 1 year and now working with a real estate development services company.

Yes, once I start looking to buy I would love to get in contact with one of your well known agents. Thank you!!

My last question would be about debt. My fiancée and I are in 40k student loan debt. Is it smart to be debt free before we buy a property. It is looking like we can pay that 40k off by the beginning of 2022. What is your take?

Thank you!

@Dan Heuschele Dan thank y out so much for your thorough rely. This really gave me a lot of insight and got me thinking about things I wasn’t considering. I appreciate you taking time out of your day to reply.

Interesting, I never knew that the seller would pay for MY real estate agent? Is that something you work out with the seller or is it a known fact?

Also, I forgot to mention; my fiancée and I are finishing of paying some loans. We have about 40K left to pay off. Is it smart to pay off those student loans and then purchase a property? What is your take?

Thank you.

Hello all,

I was hoping I can get some advice from you awesome people. So my finacee and I are looking to buy a home (duplex, condo, single family) by February of 2021. We are tired of renting and are ready to get our investing careers going. We live in San Diego, CA and would be able to put down 11k-13k down. With such a small amount for a down payment for California we are probably going to look into an FHA loan. I have a few questions for you all:

1. 1. Is it a good time to buy in the market right now or should we wait to start looking in 2021?
2. 2. Do you recommend finding a loan with a credit union, big bank, seller finance, etc?
3. 3. Since we are looking for a home in San Diego County does it make more sense to get a single family or condo? It is hard to find a duplex and it is super expensive. 
4. 4. Should we get a real estate agent? If so, is it easy to find a real estate agent who is also an investor? 
5. 5. We have good credit scores (740+), but we lack the employment history due to recently graduating college; will this be an issue?
6. 6. What is your best advice to us on getting started in our investing career? 

Any advice helps and I want to thank you all in advance for taking the time to read this post. Happy Friday and have a great weekend.