All Forum Posts by: Christian De Jesus

Hello all,

What is the relationship between wholesaling price and equity? I'm assuming it is an inverse relationship where the greater the equity the lower the price the wholesaler can offer. My reasoning is that the difference between the equity and the total value of the loan is what needs to be paid off with the wholesaling money.

I need more clarity on this. Please critique my reasoning freely.

That's exactly my goal. If it's not a multi-unit home, then a multi-bedroom home so that my mortgage can be subsidized by the rent of the tenants. I will continue to look for lenders but it seems, however, that I will have to spend some time saving before I can make this happen. Alternatively, I can save and invest in a market where the prices are not prohibitively high.

Hey J, welcome back to the DMV area!

Hello,

I've spent the last few days building a list of criteria for my first list source list. I have chosen the following:

Absentee owned
SFR only
Zip Code+15 miles
Equity: 51%-100%
Last sold in 2000
Bed/Bathrooms: 2-4/2-4

Now, I'd like to hear your thoughts on this criteria and what you think about the option to exclude trustee-owned properties. Also, do you ever select criteria based on the type of mortgage?

Thank you!
Christian

Out of curiosity, did you sell it to someone on BP?

Hello all,

I joined BP about a month ago and have done nothing but study REI since then. The very first advice I received in my introductory post was to purchase a multi-unit home and rent out the other units. With this in mind I talked to a real estate agent who referred me to a loan officer. After conducting all the checks she told me I am eligible for a $250k mortgage loan, which sounded great to me. The problem is that I live in DC, the most expensive city in the US and the real estate agent told me that it will be highly improbable that I will be able to find a multi-unit house for that price anywhere in the area.

With that said, do you know if there are other ways of going about purchasing a multi-unit home? Do you think I should put this idea on hold and try something else? If so, any advice? I've been thinking about wholesaling and it sounds interesting. I'm persistent, hard working, and have a thick skin. Plus I love helping people which is something I may be able to do through wholesaling. But any other ideas?

Thanks!!

Hi all,

Thank you all for your responses! I was able to better word my question after reading some of your responses: What are the questions that you're trying to answer when you're doing research and what information/data do you use to find the answers? Any pain points?

I'm especially interested in knowing how important you find publicly available government furnished data such as population data, labor trends, inflation, economic data, and so on.

Since I have no REI experience and don't have investment capital yet, I'm trying to use economic/statistical analysis experience to carve a niche for myself until I can finally delve into REI. I'm very familiarized with the data I mentioned above, which is why I'm asking about it.

Thanks!

Hello all,

One of the things that I keep hearing in the podcasts and reading in the blogs and forum posts here is the importance of market research. My questions revolve around this topic.

What data do you use to perform market research?
Where do you get these data?
Could you share some resources, tips, thoughts on RE market research?

Thanks!

All,
Thank you so much for your warm welcome. Since I joined a few days ago I have come to realize that this is a wonderful community who truly understands the value of networking and sharing knowledge. I'm so glad to have found it.

I have spent the last few days doing nothing but reading as much information as I can from this site. There is so much information to consume it's a bit overwhelming, but also very exciting.

I think that, for someone with in my situation, a good place to start is wholesaling and, if possible, find a multi unit property that I can purchase with an FHA-type loan so that I can start generating some cash flow. More importantly at this stage, I've joined a few meetup groups and will start building my network as I build my knowledge base.

Again, thank you everybody for your warm welcome and I look forward to getting to know you better.
Christian

Hello everyone, my name is Christian Delgado and I live in Arlington, VA. I am a young professional who very recently realized that I am now closer to 30 than I am to 21. This realization transformed my way of thinking about money, life, and investing. As a consequence I am now focused on investing to create long-term value and, if possible, trying to retire early or at least transition from working for a big company to working for myself.

My goal is to diversify my income streams and start investing. To this purpose I am looking to invest, start a new business, and network with like minded professionals. Currently I have no savings, but I finally paid off my credit cards, so I can finally start saving around $1k/month and start building from there.

A little bit of background: I have a bachelors and masters in economics with a strong focus in statistics. I have had three jobs worth mentioning. My first job out of school was at the federal reserve bank where I built, tested, and validated forecasting models of the economy. My second job was at Duke University's Fuqua School of Business where I performed quantitative academic research on business strategy. My third and present job is at a big four company doing analytics consulting. I mention this because I'd like to find an area of real estate investing where I can apply this skill set.

Thank you for reding my post. I look forward to meeting the community and sharing knowledge with everyone.