All Forum Posts by: Jonathon Nila

What’s up BP Community!

So I was talking to my local Real Estate Agent and I was telling her that I was interested in looking at Foreclosures/REO property's I was recently approved for a 203k/Conventional HFAloan. and she said Because so many people's ability to earn income was impacted by the stay at home order, the gov't forbade lenders to foreclosure on anyone. That order hasn't been lifted As the dust settles from COVID, we will start to see the distressed sales and foreclosures increase, unfortunately. Is this true information? My location is Northern California. Modesto California. Please advise and thanks to you all in advance!

What’s up BP Community!

So I am currently shopping for my 1st investment property! My Loans of choice that I am considering is a 203k loan or a Conventional HFA Loan. I was wondering and curious to seek information on Auctions and Forclosures for my 1st property investment. Are there any members that are familiar with the buying process or have any experience regarding these types of properties. Thank you all in advance and appreciate any type of information posted!

@Brock Mogensen Will definitely build some connections and get the ball rolling on financing 1st and foremost appreciate the advice Brock!

@Dave Spooner Will do Dave thank you for the response back and will consider my options when searching lenders thanks a lot!

@Salvatore Lentini Good to know and great advice thank you Salvatore!

@Natalie Schanne Great Advice Natalie will definitely look into figuring my ARV and Comparing the homes that are currently selling In my area to figure a good or bad deal appreciate the heads up thanks again Natalie!

@Brian Briscoe Very well put Brian I will definitely do just so I appreciate the wise information given! I have the Agent and now currently getting the finance in the works. I’m just still having trouble with how to know if I am getting a good deal or not? California housing is expensive but still no excuse for not being able to analyze potential deals is a challenge for me at the moment.

@Jeff S. Very informative advice given I appreciate the heads up Jeff and I will definitely be balanced when it comes to looking for good deals and shopping around for multiple lenders that meet my criteria as a newbie. Thanks again Jeff! 🤟🏽

@D Allen Ouch in that case I’ll get an approval first I need my legs lol. Good advice D Allen thanks man!

@Joe Cassandra Really good point you made and I will definitely take this into consideration I appreciate your response to my post Joe