All Forum Posts by: Kenny Bergeron

Joe and marcus i thank you for your response and opinions!!!

I will be joining a group mtg this month in my area!!!  I do want to get into flipping as well

at some point.

Hi Investor's, I have a pretty basic question, I am wondering the best way to

invest say 3,000.00?? Being new at this real estate investing, whats the best way

to use this kind of short money right now? Should i open an equity trust? or is 

it possible to use in any kind of deal?? Thanks for any kind of insight!!

Eric i would really like to chat with you!!! I sent a message to your facebook page too.

you sound very motivated and are doing what i would love to do! Your input would be greatly appreciated!!!!   Thanks

Hi investors, Im ready to pull the trigger on my 1st of hopefully many multi's. However

Im pretty nervous about the property i just looked at. Its in a good neighborhood but the house is old. The home was built in 1870 and its a three family, a 3 bedroom, a two bedroom and a 1 bedroom. The price is 79,000 and is assessed for 203,000. however the 3 bedroom needs renovation, the other two had some work but needs more updating and the floors are sloped. I have not yet had an inspection done, i am not experienced as i am a newbie. I was hoping to find a general contractor as well to get an estimate of cost of fixing up the property. I would love to connect with someone who can help me with my first property. I know i have to learn this and have been reading as much as possible with the time i have. I am from Worcester County Massachusetts. Should i find a multi that doesn't need a rehab for the first property? Sorry so many question just i dont have alot of money and want to get this right! Hopefully i dont have analysis paralysis!!! would definately appreciate some input.  Maybe a 203k loan is a possible to help with fixing up the home? My rough guess is it needs 50 to 70k in work but thats why i want a pro to look at it and just want to know if it would be worth it.  Thanks again!!

Hi members does or has anyone used Carlton Dunlop's automated 2.0 Iflip system?

Im new and need all the help i can to start my buisness. I appreciate your time.

Hi Robert and thank you for your insight!! As i see it, i have so much to learn in the buisness. Im so eager to get started and the truth of the matter is i continue to run in neutral, very frustrating but reality! I am forty five and feel life is just passing me by, so i need to continue my education and not to give up because i wont stop trying to achieve a dream of buying properties. thanks again!!!

well dawn i was thinking if i went ahead with the single family first i probably would go the USDA loan where its 100% financed. the area i was looking fit the criteria of rural area, and i seem to qualify on what i earn working full time. what are your thoughts??

Thanks so much Rich!! pretty interesting! I thank you for you helpful response!

I have so many questions on me starting out in becoming an investor!! being in november and tax season around the corner, my question to you investors is< Im getting like 4 thousand dollars in taxes and i am not sure if i should use that towards a down payment on a multi family for my 1st property or put that in a self directed IRA that i havent opened up yet but want to?? whats the best way to utilize that money for my first purchase?? I dont have any money to put down as a down payment which is holding me back in getting started. want to be a buy and hold investor. thank you!!!

Hi i am still looking to buy my first property. I dont have any money to put down so i am going the " first time home buyer" route. Im looking to purchase my first home and still become an investor. I want to buy a multi- family and being a 1st time buyer i want to take advantage of that program, but at the same time want to get a single family to raise my 2 year old in a house. I know buying a single family would make it tougher to get a multi because i would need to come up with 20% down as apposed to buying a multi as 1st. time buyer and living in it for a year or so with not having to put down 20%. do i just get the multi and live in it for a year then step down to a 2 family and down to finally my 1st single family?? would love to hear which route i should go. thanks