All Forum Posts by: Lateeka A.

As a beginner without the financial support of "family or friends" (F&F), I've noticed many investors and gurus make the suggestion of using family and friends while watching a webinar, youtube video or listening to a podcast. Unfortunately, everyone does not have the financial support of "friends or family" they can borrow thousands of dollars from for a down payment, some people are literally on their own...

Can anyone suggest some creative alternatives for beginner investors who want to dive in but do not have the financial support of "family and friends" and HML's are hard to come by.

( @KasanKelley just thought I would tag you just in case any alternatives were provided )

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Originally posted by @Alexcia White:

@Kasan Kelley I am a newbie also was same place where you at with those concerns, after seeking around I was refer to a lender with 15% down and 75% rehab 6 mths reserve Interset which I was so thankful for it. Inbox me if you would like more details..

Can you provide the lender you used with these terms. I too am interested and don't have the "family, friends" network to borrow the money from; unfortunately everyone does not have those options.

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Keerah, real estate sales and real estate investments are two different animals however obtaining a real estate license would be useful in the sense that you will be more familiar with "some" of the terminology used, you can make connections with other realtors, get an understanding of the closing process and you will have the "inside scoop" on properties that have not hit the market yet. I myself am new to real estate investing however I've had my RE license. You're definitely in the right place to learn all you need to know in regards to RE investing and as Mr. Mc Sherry state very well, keep absorbing and join a few of the local REI meet up groups and REIA groups. Good Luck!!

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Is this property still available? If so I will be in Buffalo for the next two weeks and would like to view the property if possible.

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@Tristan Colborg congratulations on making your first offer. I too would like to have my first purchase by year end and also considering going through a wholesaler to achieve my goal. Good luck!!!

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@Lateeka Mosley money* (not mo why)

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@Darrell Smith refinance would be the best way to go. You can payoff the HML and if you have any mo why left over than you can use that to purchase another property. Good Luck!!

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Originally posted by @Brieer Doggett:

@Craig Dell I’m completely new and I don’t even know how to run the numbers for profitability

I think you should watch some bigger pockets youtube videos, as well as grant cardone videos to learn how to run the numbers prior to using the calculators. The calculators are a cool tool however if you learn to run them by hand than you will have a better understanding of what running the numbers consist of. Good Luck

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@Luckisha J. Awesome!!! Maybe we can have lunch sometime. I’m in BK also.

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@Rowen Burney thank you, this was very helpful.

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All Forum Posts by: Lateeka A.

Lateeka A. has started 16 posts and replied 57 times.

Post: Hard Money Lenders hard to come by... Creative funding options???

Post: Hard money lenders who work with newbies

Post: Newbie to wholesale real estate, New York market.

Post: CASH FLOWING IN BUFFALO!

Post: Finally made first offer.... Unfortunately didn't get it.

Post: Refinancing vs heloc for HML payoff

Post: Refinancing vs heloc for HML payoff

Post: Pay Debt First or Start Real Estate Investing

Post: New to Bigger Pockets and Eager to get started!!!

Post: I'd like to shadow an experienced investor from start to finish