All Forum Posts by: Chris Rivers

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Chris Rivers has started 2 posts and replied 17 times.

Originally posted by @Ola Dantis:

@Chris Rivers Hey Chris, definitely apply as a first-time buyer and you can always REFi out and follow the BRRRR strategy as you finish your rehab.

Goodluck. Thanks! - Ola

Got it!

0 Votes

Originally posted by @Share Ross:

Yes, if you can possibly live in it for two years.. you can get financing as an owner and use the infamous 'house hack'!! Worth it. ;-)

LOL Thanks @Share Ross From what I am reading how long I am willing to live there is a big factor.

0 Votes

@Roberto Torres You bet! This was awesome thanks so much.

0 Votes

Thanks for your advice @Victor Ayala this was great! I am Puerto Rican myself (never lived there) and have visited many times! After this devastation happened me and a few family members have been meeting to see if real estate investing is something we want to take on in PR. I can't wait for our next meeting so I can come with this new info about buying and holding as oppose to "fix and flip". I hope to be reaching out to you soon!

1 Vote

Originally posted by @Jason D.:

If you are planning on living there for less than a year, it's an investment property and you would be committing mortgage fraud if you purchased it as a primary residence.

Thanks Jason!

0 Votes

I use to be this person! Then i read "Richest Man in Babylon" changed my life. I highly recommend it to everyone whether you have the $400 to spare or not lol. Money/cashflow is like a loaded gun, the damage OR security in provides all depends on the person holding the weapon. That's my sensei knowledge for today. ;)

3 Votes

Hey guys! I live in South FL and am planning on buying my 1st duplex. Should I apply for a loan as a 1st time home buyer or should I apply as an investor. I do plan on living there but only until i complete the rehab and find renter. Help i'm still in training wheels!

2 Votes