Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Danny Morrell

Danny Morrell has started 1 posts and replied 3 times.

Post: Looking to start. Little cash on hand.

Danny MorrellPosted
  • New to Real Estate
  • Denver Metro
  • Posts 3
  • Votes 2
Quote from @Eliott Elias:

Take out hard money, pay it for 6 months until you can cash out refi with a DSCR loan and recoup it


Im not sure what DSCR means. And am I likely to have enough equity to pull that off in 6 months?

Post: Looking to start. Little cash on hand.

Danny MorrellPosted
  • New to Real Estate
  • Denver Metro
  • Posts 3
  • Votes 2
Quote from @Khari F.:
Quote from @Danny Morrell:

Hey all!

I was hoping to get some insight... I've got about $10,000 on hand and would like to get my first rental. I recently purchased primary residence and I'm not sure if any of the low down payment options would be available to me. I'm in the Denver market, looking to invest here, Houston or Atlanta. 

Is wholesaling an option to help build up your reserves faster? why houston and atl?  

Possibly. Those are areas I am looking to move to in a few years.

Post: Looking to start. Little cash on hand.

Danny MorrellPosted
  • New to Real Estate
  • Denver Metro
  • Posts 3
  • Votes 2

Hey all!

I was hoping to get some insight... I've got about $10,000 on hand and would like to get my first rental. I recently purchased primary residence and I'm not sure if any of the low down payment options would be available to me. I'm in the Denver market, looking to invest here, Houston or Atlanta.