All Forum Posts by: Brent Van Beusekom

Thanks everyone for the advice, that is all very helpful. @Bruce Woodruff, it's not that I can't get any others, but finding some that are at least decent deals in my current price range that aren't in high crime areas has proven difficult to say the least.

Oh, and I could wait for another property, but I'm starting a new job this fall that will probably be in some sort of sales and wouldn't qualify for a traditional loan due to lack of W2s. I know I shouldn't rush this process, but to an extent it is somewhat rushed.

Hi everyone! I'm looking at buying my first property, and I found a great duplex with really good cashflow (at least $800/month). However, after the inspection came back there were a number of problems. Some of them were more major such as the sewers and problems with draining water away from the house and some window stuff. Many of the problems weren't quite as bad but should probably be dealt with sometime in the future. The property was built in 1880. I would want the seller to pay for some of the major repairs to get done, but even if they agree to that, do you think this is too much for me to take on in my first investment. Any advice will help! Thank you so much!

That is vey helpful. Thank you for your advice!

Hello everyone,

I'm looking to buy my first property and could use some advice. I got preapproved for a loan, but I am not able to make a large downpayment, so my loan isn't particularly large. Right now I would have a 5% conventional loan with the intent of living in this property for the first year. Ideally, I would find a duplex, and live in one unit and rent out the other. If not, I would get a single family and house hack with some friends for a year. Unfortunately most properties within my price range are not in a great part of town. I know the sooner you get a property the better. And I also know location is a big factor. Would it be better for me to try to get a property within my price range sooner even if the location isn't the best or to wait until I get a higher paying job this fall, so that I can hopefully afford better options even though it would take much more time? I'm hoping this is the first of several rental properties throughout my investing career. Let me know if you have any thoughts, thanks!