All Forum Posts by: Dexter Kubi

@Stephanie Cabral All great advice. House hacking is unfortunately not an option for me at this time so I have to figure out something else. I would also need to see if I could even be pre-approved for any loans due to my high debt to income ratio. There have to be non-owner occupied loans around that doesn't require the 20%. 

I was thinking maybe using peer to peer lending as I have used them before on a different loan but like hard money, can I afford the monthly payment when I'm working on the rehab or waiting to get refinanced. 

I know the important thing is finding the deal first but I also want to make sure it's financially possible haha

@Scott Hollister Happy New Year. When is the BP meetup in Manchester? I really want to attend.

Frank Longo hi just curious. What did you do for the down payment in terms of funding? Struggling on that part right now

@Eunice L. Thanks. I know it can be done. I'll continue to pay down debt but seek options on how to get started. Hopefully by networking at a local REIA i can meet someone who can open me up to an opportunity. I was thinking maybe doing condos if there is a low HOA fee but regardless any property is going to need a downpayment.

Thank you all for replying. I figure I have time on my side but I also don't want to sit on the sidelines either. So I'm trying to find the right deal and see what I can do. 

@Eunice L. I just looked at a property 2 streets away from me. It's agent owned and there are tenants in there until July. Looks like a good rental property at a good value. problem is I don't have the capital to put the 20% down payment. So would have to take a loan or partner with someone which I still looking for.

@Jason A. Unfortunately I can't  house hack as I just signed a lease on a single-family home in the summer. Still looking for a partner and putting down money. I just know it will take me awhile to save $16,000 in cash with my other expenses at the moment.

Hi all Started looking at properties and actually found a single family rental I could go for. Issue is financing for the 20% down payment. I️ know there are options to go with a hard money lender but after crunching the numbers may not cash flow positive. Still thinking of other options such as cashing out my ira if needed. But just wondering if others go through this or maybe I’m doing something wrong. Let me know. Still trying to get a new Connecticut property the right way by end of next month. Thank you

hi Jose, just curious what method did you use to fund the project?

I️ know I’m new but maybe do a cash for keys agreement? They give you back your place in exchange for a months rent. That way they get some money to find a new place while you get your place back and move someone in. I had a friend who did that once and it worked out fine for both parties.

Hi

I would love to intern or job shadow an experienced investor in the Greater Hartford Connecticut area in exchange for doing tasks such as admin or job site takes that you investors don't like doing. I have no problem giving up my time to help an investor complete tasks in order to get on the job training and knowledge. While I am starting to look for deals, I'm still new and don't have capital and I figure the best value I can give right now is time and hard work. and since I I'll be currently done with my fall semester in school, so my availability will open up a lot. 

Kind regards

Thanks brianne that’s exactly what I need. I’m going to do your method.