All Forum Posts by: Account Closed

I am not too knowledgeable with land investing and wanted some advice and knowledge from experienced lenders and investors. What are the financing obstacles and requirements to buy land either to put something on it or for future investment purposes. 

Very helpful. Thanks Perry! 

Thanks for the advice Michael! 

Thank you for the reply! I thought so however I do not know why a lender had told me I had to occupy 50 percent of the dwelling so a duplex would be the most i could get financed for an fha or conventional without going commercial.. 

Can you get a 3 plex or 4 plex with an fha or conventional loan? I was aware you are suppose to have the intention to occupy 50 percent of the dwelling for a year so a 3 and 4 plex was out of the question however i know a couple of people who have told me they bought some with an fha loan in the PAST. I am getting mixed feedback and would appreciate your guys knowledge on this subject. I'm aware mortgage fraud does happen everyday however just would like some feedback. 

I appreciate the reply guys. Maybe I'm misunderstood. I am looking into how to find those great deals and brokers have been suggested if I CAN establish a relationship. People go to them in dire situations sometimes and they can have off market deals in there back pocket. I understand agents and splits and how i can buy and sell myself I was just seeing if anyone else agreed that it can be a valuable tool to find SOME deals and it was another tool to scoop up unpriced properties. 

I have researched plenty of different ways to find deals and one that has been recommended from talking to a few investors is to find investor friendly real estate brokers to send some of there off market or discounted deals they may have in there back pocket. Obviously brokers or agents know peoples situation as of why they are selling in the first place so it's easy to find motivated sellers that way. Does someone recommend anyone in the indiana area or have suggestions on how to go about finding those relationships? I am looking to purchase my first property later this year or beginning of next year preferably in the areas between greenwood and 37 all the way down to bloomington possibly including the camby or mooresville area. A duplex would be preferred to house hack but also a great sfh deal. Any advice would be great. Thank you. 

Who do you guys and gals use in Indiana to finance your investment properties? Looking to buy first property to live in rehab then move and rent out. Any advice would be helpful. Thank you.

@James Storey Hey James! I appreciate you taking the time and giving me all of that information. Feel free to connect with me, always up for discussions with like minded people. Thanks!

Anyone know of any investor friendly loan officers to refer in the greenwood/Indy or bloomington, IN area? Would love to have a sit down and gain some more knowledge on steps to take based on my goals. Feel free to connect with me or message me! Thank you.