All Forum Posts by: Andrew Powers

Welcome to BP. Read the BP ultimate beginners guide (UBG) which is a free resource to understand basics of real estate investing. Also listen to the bigger pockets podcast. Immerse yourself in information.

Welcome! If the the only criteria is which state to do based on where you lived previously vs where you live now, just pick one. What's the worse that can happen? If one doesnt work out, then do the other. Make it simple, seems like you may be over complicating things (which I do sometimes as well!).

If it's more about what the better state is for your particular goals, explain more about what they are and then we can help.

Interesting thanks for the update!

Welcome! I recommend reading BP's UBG (Ultimate Beginner's Guide) to understand some basics. Also many of the REI & business books suggested in the podcasts are great resources to learn from. See you around

@Luke Wolmer any updates on this? I previously traveled to San Juan Del Sur and curious about REI there.

 Yes feel free to come, anyone  interested in real estate is invited

Yes there is FHA + 203k loan for example that covers house and construction/ rehab cost. And exactly as long as the numbers work out for what your looking for, then it's fine

I'm sure theres plenty of threads on this. But depends on your strategy and returns desired.

Is 225 a door and 12% return your personal investment requirements? 12% COC return?

1% and 2% are guidelines that I use to quickly filter a property depending on the area. If something seems close and I think I can increase rent/decrease property cost, then I'll give it more attention with running the numbers.

VA or FHA could work but just would need to consider the extra costs of double closing (when buying and then at refinance).

Do you mean 203k construction loan?

If FHA or VA often times if the house needs lots of work, which probably does if doing brrrrr, then it probably would not pass loan requirements. If you dont know the rules, look them up and you'll see the strict house requirements ie no chipping paint on the walls, etc.

Some other options are private money, hard money. I recommend looking at the ultimate beginners guide to rei from BP and it has a section on financing deals.

GRANITE CITY FOOD & BREWERY IN TROY MI

Please be invited to the MHK real estate investing networking event. The scope of this meeting is broad so come prepared to talk about any type of real estate investing. All levels of REI experience are welcome, from brand new to expert!

What do you have... money, hustle, or knowledge?

Note: there are no pitches, promotions, or selling at this meet up.