All Forum Posts by: Demetrius Hopkins

My plan is to buy and hold. I’ll pay off the loan in two years, use a Heloc on this property for the down payment of a duplex I plan to house hack in a B+ community where the 1% rule applies. My father doesn’t have a loan to take over as far as seller financing goes, he owns it outright. I’ll pm you as well!  

Seeking advice on the best route to secure $30,000 for my first investment opportunity. I have $7,000 saved, enough for a DP on a traditional mortgage, but the sale price is just to small to mortgage.

My father has offered me an undervalued rental property with amazing potential. It’s a 5 bedroom, 2 baths, and spans across 1900 sq ft. The current market value is $104k, but my father, who owns the property, is willing to sell it to me for what he bought it for, just $25k.

Here's the catch: I'm struggling to find a conventional loan for less than $50k. I'm looking for suggestions for alternative approaches to secure the $25,000.

Your insights and recommendations would be greatly appreciated! Lenders, let's seize this opportunity together. 💼💰

Seeking advice on the best route to secure $30,000 for a fantastic investment opportunity!

I have my eyes set on an undervalued rental property with amazing potential. It boasts 5 bedrooms, 2 baths, and spans across 1900 sq ft. The current market value is $104k, but my father, who owns the property, is willing to sell it to me for just $25k.

Here's the catch: I'm struggling to find a conventional loan for less than $50k. My credit score is around 640, I'm looking for suggestions from experienced investors like you on alternative approaches to secure the $30,000.

Your insights and recommendations would be greatly appreciated! If any private lenders would be interested, PM me! Let's seize this opportunity together!