All Forum Posts by: Apriana P.

Hello,

I’m a new investor who is trying to establish business credit. I’ve opened a business account with Chase since that is my primary bank account and received a business credit card. After using my card, I called Chase to see when they send credit information to the credit bureaus and they let me know Chase does not send credit info to the business credit bureaus with their credit cards. It didn’t make sense to me, but I am new to this. Does anyone know business credit cards for new businesses that report to business credit bureau’s?

Thanks!

@Oliver Carey

Hi Oliver—thanks for the feedback.

With private and hard money loans, don’t I have to pay that back within 12-24 months? If I were to do that, I’m assuming that I can later refinance?

@John Warren

Hi John, thanks for the feedback. The only issue is I do not intend on living in the property next year. I want to buy something for myself that’s separate of my rental. Will I still be sble to use an investment loan at some type if capacity?

I’m looking to purchase my first property ever, and it will be a rental out of state. I live in California but have plans to move to Atlanta in the next year. My original plans were to move to Atlanta this year, but life happened— however, I don’t want to wait another year to buy.

I spoke with a lender who told me that if I live out of state, I will need to put 10% down for my investment property. I’m okay with that, but would like to put down less if possible. Should I reach out to other lenders to see what they say? Or is the 10% down a flat fee across the board for out of state investors in Georgia?

The lender also told me that I would not qualify for a first time home buyer program for myself if I move to Atlanta next year. I’m also wondering the truth in that.

I'm looking to purchase a condo/townhouse, but open to s SFR in the Atlanta or surrounding areas for no more than $150k. I'm kind of in a bind on what I should do as far as investing this year. This is something I really want to do, but I'm trying to determine if I should spend my down payment money on an investment property (10%) and have a smaller downpayment for the property I would live in, with no downpayment assistance. I understand I can qualify for an FHA loan, but having a larger downpayment is ideal for me.

Any input is appreciate.

I’m looking to purchase my first property ever, and it will be a rental out of state. I live in California but have plans to move to Atlanta in the next year. My original plans were to move to Atlanta this year, but life happened— however, I don’t want to wait another year to buy.

I spoke with a lender who told me that if I live out of state, I will need to put 10% down for my investment property. I’m okay with that, but would like to put down less if possible. Should I reach out to other lenders to see what they say? Or is the 10% down a flat fee across the board for out of state investors in Georgia?

The lender also told me that I would not qualify for a first time home buyer program for myself if I move to Atlanta next year. I’m also wondering the truth in that.

I'm looking to purchase a condo/townhouse, but open to s SFR in the Atlanta or surrounding areas for no more than $150k. I'm kind of in a bind on what I should do as far as investing this year. This is something I really want to do, but I'm trying to determine if I should spend my down payment money on an investment property (10%) and have a smaller downpayment for the property I would live in, with no downpayment assistance. I understand I can qualify for an FHA loan, but having a larger downpayment is ideal for me.

Any input is appreciate.

Thanks for the info!

@Theresa Harris

I know Atlanta pretty well. If I house hack I would like to have a property closer to the city. I ultimately would want to live in the Smyrna/Marrieta area.

@Tim Herman

Thanks Tim! Do you know any sites other than Zillow, Trulia and Realtor where I can find multi-property units?

Thanks for all your feedback! I’ve been looking for multi unit properties in Atlanta and they are rare compared to California. Any suggestions where I can look for multi property units other than Zillow, Trulia and Realtor? I know Atlanta pretty well. If I purchase a multi property it will be closer to the big city, I would ultimately like to live in the outskirts (Smyrna, Marrieta area).

I’m moving to Atlanta from Los Angeles and can afford to buy immediately. At the same time, I am looking to invest in real estate (immediately). Is it wise for me to buy my own place first, then buy investment property(flip or wholesale)? Or rent first, and while I’m working on my first investment?