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All Forum Posts by: Andy Ronquillo

Andy Ronquillo has started 1 posts and replied 4 times.

Post: Need help with first deal!

Andy RonquilloPosted
  • New to Real Estate
  • Midland, Tx
  • Posts 4
  • Votes 0

Thank you so much @sherrypatterson that was very helpful. I've never really taken the time to look into the broad scope of real estate investing this is exactly what I needed. I've been looking into the world of real estate investing for about a year now. My main focus has been on the Brrrr method and small multifamily long, and short term rentals so I guess I've kind of been putting myself in a box. I'm going to get creative and see what I come up with thanks again!

Post: Need help with first deal!

Andy RonquilloPosted
  • New to Real Estate
  • Midland, Tx
  • Posts 4
  • Votes 0

Rick how would I go about marketing to find properties in my area. And when I go out of my area I'm going to build a team I've already connected with an investor friendly agent and he seems to have connections to contractors. So I've got to find a property manager, and lender. I'm thinking I can use a property manager, or realtor to check on my project. Thanks again for all of your help.

Post: Need help with first deal!

Andy RonquilloPosted
  • New to Real Estate
  • Midland, Tx
  • Posts 4
  • Votes 0

Thank you guys for the advice greatly appreciate it. Mike I've been shopping around for loans and I'm currently waiting on an approval from a credit union, but what do you mean when you say mortgage broker? This is the first I've heard of going to a mortgage broker when looking for financing.

Post: Need help with first deal!

Andy RonquilloPosted
  • New to Real Estate
  • Midland, Tx
  • Posts 4
  • Votes 0

Hello bigger pockets friends my name is Andy Ronquillo and I'm currently working on my first deal. So I am in west texas and I was thinking of doing a house hack on a small multifamily property it was a Duplex in San Antonio. I got with a realtor and told him what I was trying to do and he was very helpful. Although in the process of analyzing that property and considering other properties I was approved for only a $100,000 fha loan and these properties were in the $250,000-$300,000 price range. So I decided to go a different route and am now looking for single family homes to flip in my area since I don't have a very good amount of reserves to do long distance brrrr or short term rentals. What I need help with is what advice can you guys offer for my current situation I have an approval for $100,000 mortgage loan but I'm not quite sure what I should do with that with so many options I'm kind of overwhelmed my goal is to have a large portfolio of long term rentals or short term rentals. Thank you guys in advance any advice would help.