All Forum Posts by: David Hart

Hello, BP. My name is David and this is my first post and I would really like to network, and gain more insight. I'm in the southern part of New Jersey and I am looking for my first multi-family rental property. I want to house-hack and look to get an FHA loan, but I'm concerned that I can't find a unit big enough for my family alone. I have a family of 7. I am fairly new to this, but I understand the concepts. I am battling within myself, because even though I feel I understand the concepts, I have no clue where to start. I'm not sure whether I should work on my credit first or what. I know at some point all the analyzing in the world can't help me for the real thing I just need advice on where to actually start.

Also, it's been l intimidating in the beginning as I'm sure everyone can understand. I've been watching shows and listening to podcast and I'm wondering how much would it be to rehab a place that is in need of serious work. From what I'm reading and listening to, banks don't really loan fixer uppers. I'm going to stop there and because I could keep going with my questioning. So the only thing I really want advice on right now, which I know is difficult to advise on not my knowing all of my circumstances, but I just need a guideline on where to start. Better yet, can you share your start up stories please. I would greatly appreciate it. 

I'm like, scatter brain right now.