All Forum Posts by: Chris Anderson

I have a couple vacant land listings. One in Palm Bay, FL asking 37k (0.23 acre in a developing neighborhood) and another in Grant Valkaria asking 32k (1.4 acre buildable lot). I'll leave the links here in the post. Do your due diligence. Feel free to reach out if you are interested. Many more where these came from with the same seller. 

https://www.flexmls.com/share/9FEOo/643-Reading-St-SE-Palm-B...

https://www.flexmls.com/share/9FEPg/000-Unknown-Malabar-FL-3...

Yes I figured that would be the case. Seems like the general consensus is it may not be the best idea anyway.

  Noted! Thanks James!

Thanks so much Robin!

Thanks for your help! 

Thank you so much for this input! Do you have any good resources that would recommend I utilize or research to learn more about using hard money lenders?

Thanks for your feed back! Funny enough I am part of Pace’s SubTo community ✌️. I joined there about a year ago, before finding bigger pockets this year. 

Hi everybody! I'm Chris Anderson, a new investor in Florida. Been watching and learning from the sidelines through mentorships, watching BP podcasts, and now about to finish my education for my real estate licensure here in FL. I have been setting aside money to invest with and I have milestone goals set. I promised myself I'd check off the first one with buying my first property this year. Here goes nothin! 🥳

I am self employed and I've been setting aside money to invest with for the past couple years. I have about 10k liquid that I can comfortably deploy. My main stumbling block seems to be funding. I had initially planned to house hack starting in January this year but being self employed sort of stopped me doing that because I didn't show enough income to qualify for a conventional or FHA loans. Im aware that for investor loans typically I'd need to have 20% or more down. Tried wholesaling for a while to get the capital but seemed very counter intuitive since I was spending more money and time than I was making, just to gain traction and I was selling all of the good deals 🤷‍♂️

That said, does anybody have any tips on how to overcome this obstacle? 

I know there is a way because I've heard the stories about people getting started with less than I have. 🤔

I'll cut right to the chase. I'm just getting started and don't have much to get into a property. That said my price point is low compared to home prices around me. In my area there is a property for sale that has had some fire/smoke damage for 115k when other properties in the neighborhood are selling for high 200s and into the low 300s. I realize this would likely be a full gut and a huge undertaking for a newbie but the upside potential got my gears turning. Does anybody have experience with houses like this?