All Forum Posts by: Dennis L Lewis Jr

+1 on attending the REIN events. I joined about a month and half ago and can already see the benefits of being apart of a community with the same mindset and intentions. Good luck on your journey!

1 Vote

Awesome work!! Great story.

0 Votes

@Zack Clopper Gotcha, that's awesome you did all the work yourself. It looks good!

0 Votes

Following

0 Votes

@Zack Clopper Good work! What part of Baltimore is it in (fellow Marylander here). Did you do all the work yourself?

0 Votes

@dustinmathenia That’s excellent news!! Even with covering $1000 in closing. Your still saving money by not using an agent to list the property. Hope it all works out.

1 Vote

@Steven Loveless @Rob Drum Very enticing and informative information. In taking that route though, it leaves my family friend (the person providing the funds) out on making a profit from the money hes invested in me. Thus leaving me with a lot less to work with, using my own money. Which means I need to save more.Awesome ideas though, ill be taking these into consideration in the future.

@Linda S.

Thanks for the response

That property is actually 5 mins away from where i currently live. Looked like a great opportunity to house hack, but it has actually sold already.

@Camilo Rey

I defiantly will be looking more into and getting familiarized

Thanks for the link!

0 Votes

@Mark Gallagher

Honestly he hasn't specified how of a return he is looking to get back. Doing the BRRRR strategy is a good idea. I have heard many people gain success through this.

@Sam Shueh

When you say go in with a like investor. How would you go about doing so? Right now where I live i don't have any close friends that are into real estate like myself.

@Steven Loveless

Have you had a lot of success with house hacking?

@Camilo Rey

Thanks, its an exciting journey thus far, seeing all the success/horror stories that real estate can bring. Whats your experience and success with hard money lenders? I need to shape up my knowledge on that.

0 Votes

Originally posted by @Antoine Martel:

Dennis.

Depends on what your goals are and what your needs are right now.

If $200/mo would be perfect for you right now then buy a turn key single family home.

If you're looking to turn your $15k into $30k then of course you're going to have to flip a property, which might be very difficult with only $15k.

Thanks ,Right now my main goal is to build up more money.

0 Votes

Originally posted by @Thomas S.:

Your only real option would be to house hack a multi unit assuming 15K is sufficient for the required DP. Your biggest issue will be having a reserve fund sufficient enough to get you through unexpected expenses during the first year.

Best advice would be for you to not invest until you have saved up more money. You will know how much you need once you begin researching investing in your chosen area and getting pre financing approval.

Thanks, solid advice. In analyzing things it seems that $15k might not be enough. Once I get with my agent and break down properties in my area I'll get a better feel. Just curious to what route other people would do.

0 Votes

All Forum Posts by: Dennis L Lewis Jr

Dennis L Lewis Jr has started 11 posts and replied 80 times.

Post: New and eager to learn and network in Nashville, TN

Post: This BRRRR thing really does work, with pictures

Post: First Buy and Hold Success

Post: Can I help an old woman stay in her house?

Post: First Buy and Hold Success

Post: Facebook marketplace underutilized and over looked

Post: What Would You Do With $15K-Starting Out

Post: What Would You Do With $15K-Starting Out

Post: What Would You Do With $15K-Starting Out

Post: What Would You Do With $15K-Starting Out