All Forum Posts by: Belinda Arredondo

Thanks so much for the advice! I really appreciate it and helps me to know how to move forward.

Hi, i'm looking to purchase my first home in the next 3 months. I'm looking for advice. I don't have experience with home repairs, but i'm open to learning how to replace floors, cabinets, cosmetics, etc. Which means the home I buy won't be a fixer upper or a BRRR investment necessarily. What is your advice on how I can make this home an investment home? I've considered Airbnb-ing a room, petsitting people's dogs, using it as a storage space for people. Whatever income I receive I can set it aside to save to purchase another home to set up as a rental or Airbnb property. However, that will take a long time for me to save up enough for a decent downpayment in the purchase of a second home for rental/Airbnb.

OR if I purchase a home that could use cosmetic work, should I sell it and get it appraised, purchase another home and repeat the process? Just trying to figure out how to dive into investing. I don't have tons of savings, I have excellent credit and can get a teacher loan for my first purchase.

@Wale Lawal I'd love that! 

@Jeffrey Albaum oh ok! Thanks - I will definitely request one!

@Poem Turner Thanks so much! I will definitely be looking into it. I hadn't considered a mortgage broker so I have some homework to do for sure!

First time home buyer. I have excellent credit score, small down payment (under $10k), DTI is at 8% - there's a teacher loan available at my credit union: no down payment required or PMI and it's 103% financing. Loan amount is up to $250K. Any thoughts or advice? Questions I should ask my bank before getting pre-approved? etc. (I live in Texas)

I was sent an email with a link - not all links have worked for me in the past, but that might be where you can find it.

Wondering that myself! I can't find any replays