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All Forum Posts by: Christie Chanterelle

Christie Chanterelle has started 4 posts and replied 13 times.

Post: rental condo

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0

Oh i'm sorry. My question is do you think it's crazy for me to do that instead of buying a condo to flip? 

Post: rental condo

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0

Hello fellow BP investors. I need your help and hopefully you guys can help me make a decision. Se I decided to start a RE investment business a few month ago. I wanted to start with flipping but lately I've been feeling like buying a condo and renting it out. Or purchasing an already rented condo. Problem is the funds. Please give me feedback on how you would go about this.

Post: Aspiring RE investor

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0

My major is Hospitality Management with a minor in Real estate. I (or my company) will, for now, flip condos and townhomes. Maybe next year, I will have enough funds to add single family homes. In 3 years, I hope to have my first rental property. If God is willing, maybe everything will happen faster.

Post: Aspiring RE investor

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0

Hello All. I am a full-time mom and full time student at FAU that just recently decided to start my own real estate investment business.

Post: My stocks

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0

I don't really work for Publix anymore so it would not be a problem. I have everything in place. Still searching for that one contractor i feel i can trust though but other than that i feel like i am ready. As for an agent, I have a real estate license and have my broker there to lend an ear.

Post: My stocks

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0

Hello fellow BP members. I am hoping to get an opinion on this question that has been hunting me for a few weeks now. So two months ago, I've decided to start on my business and the only way to purchase my first flip was for me to bring about $5,000 of my own money to the table. Technically i have that and I do not have that. I say that because it's in my Publix Retirement account. What's making me freak out is i have decided to sell all of my stocks in order to come up with the money. My question is: do you guys think that is a good idea? 

Post: Funding to purchase first investment property.....

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0

I just have one more question. Let me know if I am missing any professionals on this list. I need to make sure I have everything and everyone I need so when I do get a deal, I can move on it with no problems.

*business bank account, RE lawyer, home inspector, general contractor, interior designer, homeowner's insurance, accountant, property manager (for future rental properties). 

Please let me know if I am missing anything.

Post: Funding to purchase first investment property.....

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0

Thank you everyone for the feedback. 

Post: Funding to purchase first investment property.....

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0
Originally posted by @Frank Woodin:

Usually when HM turns down a deal it **usually** means the deal was not as good as the potential investor thought it was. 

The first thing a HM lender needs is to ensure they get their money back and then they work on how much they can make on the deal.  So ask them what they need to approve a deal first then use that criteria to find the deal, if it fits that criteria it can then warrant further due diligence.

A good technique that I have used in the past was to ask why you were turned down, if you get honest feedback it will help you work on those areas they feel are deficient in the future.  The problem might not be your financial position but rather the deal itself or vice versa.

Good Luck!

 But the thing is I have yet to discuss a particular deal with any lenders.

Post: Funding to purchase first investment property.....

Christie ChanterellePosted
  • Real Estate Agent
  • Pompano Beach, FL
  • Posts 13
  • Votes 0
Originally posted by @Account Closed:

Christie, pending your answers to Tom's questions, you might also consider reaching out to family members and see if any of them would be willing to help you get going--that was how I got my start.  You just have to be careful, though, if it goes badly your relationships could suffer.

There are resources here on BP regarding investing with low or no money down (I'd link to them if I were any better with a computer--but I'm sure you can find them).  I recommend you spend some time exploring all the different options out there and BP is a fantastic starting point.

Above all--don't give up!  Treat all these obstacles as learning opportunities.

Best wishes,

Vincent

 Reaching out to family members was the first thing I did. Sadly none are able to help. But I won't give up. I am just hoping something pans out soon.