All Forum Posts by: Ashley St. Gelais

I'd suggest taking it out as a loan. Sounds like you wouldn't be hit with the penalties and you might even earn the interest that you pay back to the plan.

Avoiding a 25% hit will definitely help you out in the future.

Just be sure to match that down payment with the right financing program.

Hope this helps.

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Hey @Tyler Merrell-

Just as an fyi some loan programs require that you have a general contractor and don't allow you to do your own work. I might research that a bit more as that might help you make your decision.

Hope that helps!

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Thanks @Blake Alexander! : )

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Hey @Account Closed!

Great question.

Yes, so you'll basically want to pay attention to any physical defects of the property (that the association would be responsible for) and then check over the association plan for capital improvements. You'll want to know if they have enough money to cover these costs or if they will likely need to put a special assessment in place.

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Hey @Alyssa Chapa

We just flew into Corpus Christi a few months back to buy a VW bus and drive home. : ) It's a very cool spot. We loved San Pandre seashore.

Welcome to BP! It's a great community here. You will gain a TON of knowledge and who knows - maybe you'll even find a partner or two.

Knowing that there is a resource available to me that offers advice on pretty much any REI question has been a huge benefit to me and my business.

Investing in multi family properties by using as little of my own money as possible is my game. Please let me know if there is anything I can do to help you in your journey!

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment. If you currently have a job, it might be wise to get started on this now before you leave a regular W-2 job to qualify for a loan. Send me a connection request if you want more details. : )

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Hey @Brian Chew!

I went through Nashville on a road trip a few months ago. What a cool spot! : )

Welcome to BP! It's a great community here. You will gain a TON of knowledge and who knows - maybe you'll even find a partner or two.

Knowing that there is a resource available to me that offers advice on pretty much any REI question has been a huge benefit to me and my business.

Investing in multi family properties by using as little of my own money as possible is my game. Please let me know if there is anything I can do to help you in your journey!

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment. Send me a connection request if you want more details. : )

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Hey @Ruben Polanco

Welcome to BP! It's a great community here. You will gain a TON of knowledge and who knows - maybe you'll even find a partner or two.

Knowing that there is a resource available to me that offers advice on pretty much any REI question has been a huge benefit to me and my business.

Investing in multi family properties by using as little of my own money as possible is my game. Please let me know if there is anything I can do to help you in your journey! We've built a portfolio worth $1.35M with just $35K of our own money.

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Hey @Jeffrey Rinaldi!

Welcome to BP! It's a great community here. You will gain a TON of knowledge and who knows - maybe you'll even find a partner or two.

Knowing that there is a resource available to me that offers advice on pretty much any REI question has been a huge benefit to me and my business.

Investing in multi family properties by using as little of my own money as possible is my game. Please let me know if there is anything I can do to help you in your journey!

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Hey @Mila Makhanova

Sounds like you are in a reasonable range for starting out at $270K.

What I've learned in real estate is that you don't know what you can get until you ask. : )

So ask away - and if it doesn't work out - I am sure there is another deal just around the corner.

If you are working with a realtor they should be able convey to the other realtor the comps that the offer is based on.

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All Forum Posts by: Ashley St. Gelais

Ashley St. Gelais has started 13 posts and replied 244 times.

Post: Buying a SFH

Post: Start up money

Post: Dilemma and needs advice!!!!!

Post: Cheapest & Best Marketing For A New Agent..

Post: Home Inspection for Condos

Post: Newbie From Corpus Christi, TX

Post: New to Real estate(Nashville)

Post: Hey. Im new to this & looking to network.

Post: Hello- getting motivated!!

Post: Using comps to negotiate a great deal