All Forum Posts by: David McClendon

Hey guys, im fairly new and was wondering if theres a way for me to get a POF for my offers without having the actual cash at hand. I've heard others mention bank pre-approvals,is that a option? I have 764 credit,good salary, and little to no debt(if that matters)

Hey Quinn :) , im currently a renter in Austin,TX. but plan on doing business in Houston,TX as well as some other areas ive been analyzing

 

Hey guys, I'm new here on BiggerPockets and also a new Investor(or at i will be haha).Im currently saving 1,000-1200 a month to go towards getting a cash property for the BRRRR Method. But it will take some time. Im usually not one to rush processes because its not healthy. But I was wondering are there other ways, like FHA,HELOC,Private Lenders that could help me accelerate my journey, and which of these methods are mostly beneficial. Im doing my due diligence and analyzing 2 properties a day through MLS(getting used to the flow of things), and also reading books like "BRRRR By David Greene" and "Estimating Rehab Cost) By J.Scott. I figure the better i get at analyzing good deals, the more positive my situation can be. Any thoughts?

Edit: My main reason for typing this is because i really dont want to drag my feat and wait for the "perfect opportunity".truth is there will never be one. So i want to gather as much knowledge as I can and take that leap! And get better as I go

Hey everyone, im pretty new here and wondering how do you calculate the price or amount you'll most likely spend on rehab when punching in the numbers using the biggerpockets calculator tool. or would you contact a contractor and have them analyze before doing the numbers