All Forum Posts by: Cesar Avendano

David is spot on. Talk to a lender but more so a lender that is willing to look at your situation and attempt to look for solutions. 

Keep in mind that financing through a bank is not the only way to get into REÍ. 

Hi there!

@Joseph Ryan there is a lot of quality content on here to get help you get started.
Do you have a timeframe in mind when you will be starting off?

This is specific to your market. Our market is still going especially because of the lower interest rates. Did you already do inspections? I would say go through that and then adjust your offer.

That is awesome Mauricio! Best of luck to you sir!

Like others have recommended find a new lender. Call around and explain your situation. 

@David Zheng As far as my understanding most banks won’t do conventional with anything less than 15% for a duplex and 25% for 3/4plex. Exception being Home Possible program.

FHA will only do 1-4 units.

When you get your license you are in control. You are interviewing them not the other way around. 

Wow this is awesome! 

Quick question for you guys. 

I understand all the details are not yet available but I am excited.

What would be a good strategy to ramping up on some investment properties? Would it be possible to house hack in the same city yearly? 

The title specifically says 5 units. Don't see VA/FHA picking this one up...

Rick, 

First of all it is great to see more BP members from the RGV.

I don’t think apartments take longer to sell. A deal that makes sense gets picked up quick.

I have an investor that got one of my email blasts and really liked a property in Mission. Just by looking at it I told him it was a good price and didn’t expect it to stay on the market. Sure enough it was under contract within 2 weeks. 

Good luck sir!