All Forum Posts by: Dabvis Le Sutton

@Miho Y. That’s the plan. I’ll check this article out to expand thank you.

@Mike Terry I’ve been doing a little market research around the Valdosta area is set to uptrend around 7% on property value appreciation this year hopefully this is the case.

@Miho Y. It’s in South Ga I should have mentioned

@Mike Terry sorry the property is in South Georgia area. So it’s a lot cheaper to hold there sorry I didn’t include.

Good Evening BP,

I currently have my first rental property under contract we are currently in the underwriting phase. The property is SF 3bed 2bath it was listed at 74,000 we offered 64,000 which is bottom line for the area the buyer took the offer. I got approve for a 68,000 FHA with 3.5% down payment for 30 yrs. After a year I plan to rent for 750 a month which is median for the area where rents usually go for 650-850. After expenses we would Cashflow close to 200 a month. I think it's a good deal the property values in the area are projected to appreciated around 7% this year. Any thoughts or advice or just feedback on how the deal looks?

Thank you

Sutton, Dabvis L.

@Jim Costa Thank you for your reply. I am currently renting because I’m in the Military stationed in California. Right now I’m looking at my options

Good Morning BP,

I just got pre approved for financing my first rental at 70k. Originally the down payment required from lender was 5% but now they require 20% which take it from 3500 to 14k. If I put 14k my reserves will be weakened for about 2months. Any advice on how I can come up with the down payment without using all of my reserves?

Good Morning BP,

I currently in the process of obtaining my first rental property. The property is listed for 55k and needs rehab in several locations though out the property. My vision is to finance the property 20% down, then I will use personal Cashflow for the rehab. I’m looking to rent for a while to build equity so that I can get my next deal that way. I’m looking for any tips, advice or suggestions that would help me on this journey

Good Evening Leaders,

I was trying to get into REI, but my spouse and I really want to build and provide tiny homes from shopping containers. Anyone have any feedback or advice from experience? Any thing would help our journey, Thank you in advance

Ibn Benj.

@Keena Mims Good Morning I don’t know the answer to your question, but I’ve been trying to get into tax liens for a while. How did you come across acquiring your certificates?