All Forum Posts by: Brent Salazar

I am seeking wholesalers with deals in or around Skagit County, WA. The market is pretty hot here right now, very few listings and tough competition on the MLS. looking for a property to rehab, I'm ready to buy!

Im interested in pursuing the BRRR strategy as well, correct me if i'm wrong. 50k for property + 25k in rehabbing= 75k Hard money loan. If the bank will loan 70% LTV and the ARV is 100k doesn't that leave you still needing 5k to refinance out of the hard money loan?

I am a new REI planing on starting my first direct mail campaign. My Master plan at this point is to become a Wholesaler that will also Flip properties, and hold the good ones for my portfolio. I have been working towards acquiring a multi family home to house hack but have run into a wall as the MLS isn't providing me with any good deals, Thus steering me to Wholesaling. I need your help narrowing my list of properties to target. I will be wholesaling these properties, but will personally purchase the best deal/s.

My Current Search Criteria is

-County I live in

-Loan to Value ratio: 40- 100%

-Multi Family Zoned

-Absentee Owned 

My Criteria output results 

-Standard Output Data

-Geography

-Mortgage

-Property

-Options

-Bedrooms

-Year built

-Parcel ID

-Total assed Value

-Foundation

-Original Mortgage LTV

-Land Value

-Equity %

-Bathrooms

Is my search criteria to broad? Am i missing any critical output data or possibly requesting data that wont be necessary?  Thankyou 

Hello BP, My name is Brent Salazar and i am new to Realestate investing. My goal here is to soak in everything pertaining to building a well rounded real-estate portfolio. I Plan to acquire several buy and hold properties, and am in the process of getting my first property. It will be a multi family unit that i will be house hacking. I will have a lot of questions going full circle with this first property, but i have no doubt this community will be the support system i need to succeed. 

Thanks for the great advice everyone. The duplex strategy seems to be the best fit for me at this time, and if i can get a property with the opportunity to add some sweat equity that would right up my ally. I will get the books you recommended, because after this first property the only way i see to grow more than a house a year is to start making deals with partners/ private money. I am very interested in the thought of Flipping or BRRR method as well.

Hello BP, This is my first post and im really excited to be a part of the community here. I am currently renting and am looking at getting into Realestate investing by purchasing a duplex. I plan on living on one side and renting out the other. I have my financing all setup for an "owner occupied" duplex, FHA loan with 5% grant as a down payment. its essentially a 0 down loan. the problem i am having is there are limited properties available and i haven't had an offer stick yet. I want to explore other avenues for income properties while im waiting. i talked to a couple lenders about what the requirements are to get into a strictly investment SFH property without being owner occupied and the answer I've been hearing is I need 25% down. Is this typically what all buy and hold investors are putting down to acquire properties in there portfolios? I want to pursue Buy and Hold investing, would someone explain the basic strategy from purchasing your first rental to building a portfolio of multiple income properties. Thank you, Happy Investing!