Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Braden Mosley

Braden Mosley has started 2 posts and replied 5 times.

Post: Yellow Letter address list

Braden MosleyPosted
  • Contractor
  • Coal Valley, IL
  • Posts 5
  • Votes 0

Can anyone tell me how you find all the addresses you are going to send your letters to? Is there a certain website you use to find/filter for the properties you may be interested in?

Thank you!

Post: No-Money-Down Investing: feasible for a first-time investor?

Braden MosleyPosted
  • Contractor
  • Coal Valley, IL
  • Posts 5
  • Votes 0
Awesome advice @Chace Fraser Thank you very much!

Post: The first step!!!!!!!!!

Braden MosleyPosted
  • Contractor
  • Coal Valley, IL
  • Posts 5
  • Votes 0
Hey @Katie Stewart you caught my attention when you mention platforms that perform market syndication. Could you give me a few examples of these platforms? Also, do they send your listing information to platforms like Zillow/Trulia/Homefinder?

Post: No-Money-Down Investing: feasible for a first-time investor?

Braden MosleyPosted
  • Contractor
  • Coal Valley, IL
  • Posts 5
  • Votes 0
Thanks for the awesome reply @Chace Fraser ! I never even considered EDM or inspection fees, so I'm glad you brought that up. My goal early on is really just to start building equity, so I am not too worried about being cash flow positive right away. I'll most likely save up enough for an EDM, inspection, and a down payment. So, I read a typical EDM is about 2 or 3 percent of the house value (correct me if I'm wrong). Then and FHA would be 3.5% down. Plus a few hundred for an inspection. In total, would I be looking at about 6-7% of the house value as an initial investment for an average house-hack?

Post: No-Money-Down Investing: feasible for a first-time investor?

Braden MosleyPosted
  • Contractor
  • Coal Valley, IL
  • Posts 5
  • Votes 0

I am currently a senior in college and want to start investing in real estate soon after I graduate. As I hear more and more about little-to-no money down investing, I wonder how feasible it is for someone who does not have much collateral. I have a lot to bring to the table in terms of work ethic, computer skills, learning abilities, and financial education.

Do you think I should try to find good deals and find a partner or some sort of lender that would lend to me for a piece of the pie? Or do you think I should try to save money until I can afford the downpayment myself? 3.5% for an FHA loan is not bad, after all. I have been considering House-hacking my first property with a duplex.