All Forum Posts by: Anthony Dang

Hey everyone,

  I'm a nurse practitioner by trade, and while I love my job, I don't love the time constraints and that I work 5 days a week just to get 2 off. I'd much rather it be the other way around. I've decided that I will no longer accept this and will do what I need to in order to create the lifestyle that I want for my family. I'm still trying to figure out my strategy, but I'm leaning towards focusing on passive income through small multifamily investing and would love to work my way up to apartments. Turnkey properties are particularly interesting, especially as a new investor.

   Also want to say how excited I am to be here and to have reached a point where I feel like I am finally ready to take action on something I've thinking about (real estate) for many years. I've been listening to podcasts, reading articles, and browsing the forums and have learned so much from everyone already. What once seemed so daunting has started to feel more doable. I went ahead and bought the PRO membership as a way to hold my feet to the fire and actually take action. I'm also amazed at how helpful everyone is in the forums. I assumed the experienced investors would be eating the young, but everyone genuinely seems to want to see others succeed.

  Anyways, just wanted to say hi and I'm looking forward to learning from everyone. I'm in central Washington state and would love to get in touch with anyone wanting to talk real estate locally or OOS. 

If you are saying that you don't know any conventional lenders that would give you the very best rates and terms without doing a 2 yr income verification, or have a slightly loosen criteria, then you are correct. However, if you are looking for options that are still decent and close to what you can get for a conventional (~1 pt more) then people will know. It just depending more on the details, that is why I suggested going to a meet up to ask people.

Hi Anthony,

I think you will be fine with your current setup. Just need to find the right options. I see that you are in the Orange County area, do you visit any of the meetups? If not, that is a good place to go to get some advice. You can find me at some of the local meetups either getting help or offering some advice. If you can't make one of those, let me know if you would like to meet up sometime to talk. I am sure you have a lot more questions, and if your question was as easy as a simple "Yes" or "No" then I or someone else would have already answered it on here.

Anthony:

I recommend you talk to a mortgage broker.   You have a strong FICO.  If they think the income gap is a problem, well that will resolve itself in a few months.  I would think you would qualify for a conventional mortgage.

Interest rates are much better on conventional than portfolio loans, so I would look first to go that route.

Good luck.