All Forum Posts by: Brittany Goss

Hi BPers!!!

Does anyone have any great resources for REIA groups in Mississippi and Georgia? I've actually found a few in Mississippi. The one most doable is actually on a work night and about an hour and a half away. Trying to figure out the best way to get out there and network with others in RE.

This may be a weird question, but I'll ask anyway. Are there any online REIA groups that anyone is aware of?

Thanks,

Britt

Thank you both for your input. @Randy Wilford I have actually looked into that and that definitely seems to be an option. I've also looked into owner finance since I have actually heard a couple of real stories in which that worked out. @Lana G. I initially went to my credit union with the idea of going the FHA route, but they stirred me towards USDA and that's what I did. I was denied because of my DTI. I am currently trying to double up on payments and would love to stay put to throw even more money at my student loans, but I'm just going to have to move and create a few extra jobs so that I can knock it out. I love the auction idea. I've recently learned more about attending auctions to network. I'm also looking into diving into a real Estate investor's club to see if can find a mentor. It's definitely time to be creative!

Hi, Mack! I am also interested in wholesaling and my approach is to join a local investor's club and build your buyer list beforehand. You can ask your buyers what they are looking for and it should help you find deals. I'm a newbie, but my research has shown me that having a list of buyers ready to go will make the process smoother. I am interested in seeeing what more experienced BPers have to sway about the subject.

Best of luck!

Hi BPers! I'm Brittany. 30 years old and working in a college town as an operations manager in video production. I became more interested in real estate after attending a Flip or Flop Success Path free seminar.

I have ALWAYS loved watching HGTV hosts flip/rehab houses because I've always had a fascination for what I called functional, livable art (architecture). So, when I saw the Success Path learning opportunity, I thought it would at least be a great chance to ask questions that will give me ideas of what to Google. ;) I actually learned a lot and in my search for more answers, I found this site. I love seeing everyone sharing their knowledge and I hope to gain more experience, so that I may share my experiences to help others.

Now on to why I'm here. I learned a bit about wholesaling and owner Finance in my research and I am currently in a situation where I need to move. Rent here (Starkville, MS) is toooo expensive. Mainly because this is a university town. So, I am interested in finding a home for myself and then getting into wholesaling. If I have to pay $1300/mth I want to own the property. I need to get around banks and deal directly with sellers because my DTI is too high. I am an artist as well and have made good money, but my current living situation prohibits me from expanding my financial options.

Does anyone have any tips on the best way for me to purchase a home for myself AND work my way into wholesaling? I am not beneath work and am currently looking into joining investors clubs near me. I appreciate all feedback and welcome any questions!

I'm not entirely sure, but yes, I believe the realtor would have to show the seller. My only concern with that is would the realtor be willing since it could affect their commission? I mean, im sure they'd still get one if the home sold at the price they were asking, but it would be over time unless you found an investor who would buy the house with cash for you and you pay the investor back. Just brainstorming here. I'm interested in knowing if that could work. 

Definitely don't give up! I believe there is a way. I'm interested in learning about more options that don't really involve the banks. 

Hi! I'm a newbie to real estate, but I will say that my thought is to start wholesaling to raise capital to purchase homes and then rent those properties out. Best of luck!

Hi! I'm a newbie here, but in the same boat. My DTI was considered too high. I applied through a federal credit union to purchase a home and was denied. My credit is okay, no missed payments and good references didn't mean a thing. The only thing on my credit report are student loans. I went to college hoping for an opportunity to make a better life and student loan debt has hindered me from doing the one thing I really want to do: purchasing a home. Go figure. Not sure if this applies, but have you heard of owner financing?