All Forum Posts by: Chris Penny

Hello,

I am about to buy a duplex at about 300K and wondering if I can make a conventional loan with only 15% down (or less). Assuming I have a good source of income (day job) and good credit score. I understand that I'll have to pay PMI but from my analysis, 15% down with PMI give me much better CoC than 25%. Please recommend some good lenders if you know any. Thank you!

@Tom Ott : Thank you, what a great read!

@Mark Hart : Thank you. With that in mind, do you think I should focus on 1 or 2 markets instead of spreading out the whole states because in such case I would have to find a team in every state I invest to, which I think is not easy at all!

I'm kinda scared of the rehab part since I'm not very handy and I plan to invest out of state (it's hard to invest to North Cal now). That is why I'm focusing on turnkey for now. 

Hello all. I am a 35-year-old engineer from the Bay Area with a cute 2-year-old daughter. I've just started to look into Real Estate investing for about 4 months now as a way to achieve financial freedom. I've been reading and listening to the BP podcast every day. My goal is to get 40 houses when I'm 40, hopefully the cashflow from these houses would get me to early retirement. 

I am focusing on turnkey, multifamily properties, but I would consider SFR as well. I've just decided to buy a new duplex in Edmon, OK which will be finished early next year. This will be my daughter's college funding. However, I still hope to buy one property this year to really get started!

Please feel free to jump in. I hope to learn from everyone! Thank you.