All Forum Posts by: Donald Walker

@Heather Skowronsky Thank you!! That helps a lot! I’ve been speaking with my lender briefly and she mentioned the 203k Reno loan I would only need 3.5% down and I figured it was because it’s going to be my first property. I have a few coworkers with rental properties now and they both had to put 20% down on their rental investments. Is their any way to get a conventional loan for only 3.5% down? I’m just asking because I want to sculpt a well developed plan on how to reach my goal. If I need 20% down on each house, it’ll take a little while! Thanks again for your response!

Ok, I’m cracking into this REI adventure and my main goal was to start flipping houses. I have a team and I have the knowledge on where to find a deal and how to run the numbers. The only thing that isn’t appealing to me is the percentage of the profit going to Uncle Sam, which I know is inevitable! But after splitting the profits 2 ways and paying the taxes, the numbers don’t look to hot.. I’m currently looking for houses and I plan on utilizing my FTHB for a 3.5% down payment and Staying in the house for the required 7 month so my question is, would it make more since financially to start with rental properties use the BRRRR strategy ? Or should I flip my first house and use the profit as the 20% down payment? Looking for advice for a successful jump start into my real estate empire!

Ok, I’m cracking into this REI adventure and my main goal was to start flipping houses. I have a team and I have the knowledge on where to find a deal and how to run the numbers. The only thing that isn’t appealing to me is the percentage of the profit going to Uncle Sam, which I know is inevitable! But after splitting the profits 2 ways and paying the taxes, the numbers don’t look to hot.. I’m currently looking for houses and I plan on utilizing my FTHB for a 3.5% down payment and Staying in the house for the required 7 month so my question is, would it make more since financially to start with rental properties use the BRRRR strategy ? Or should I flip my first house and use the profit as the 20% down payment? Looking for advice for a successful jump start into my real estate empire!

What was the one thing that sparked your motivation, and drive you to give real estate investing your all? Wether it be a book, mentor, even a video you found online. What was the one thing that pushed you so hard that you had no other option but to be successful?

@Jonathan New So how did the deal go? Would you recommend using them again?

@Jonathan So how did the deal go? Would you recommend them again?

@Ernest Grindle Hello Ernest and thank you for your effort to help! If you could send their contact information that would be great! I’m having a hard time going through all the options so I’m going to try just comparing rates and see who’s easier to work with. Thanks again for your hospitality!

@Andrew Postell which section of the forum categories ? I‘ve looked and I can’t seem to find it.

I’m currently working on getting all my ducks in the pond for my first flip. Before I get to deep I feel I need to set up a tight group of people to help it go smoothly. I’ve done quite extensive research on the area and I feel I’m getting closer to success! If anybody has any connections in the VB area can you share their name ? Looking for all connections especially lenders!

I’m currently working on getting all my ducks in the pond for my first deal! I’d like to build some good local relationships with anyone who has there hands in real estate investing. I’m also looking for some relatIvely local lender recommendations. If you know anybody from the VA area i would lIke to connect wIth them. Thanks!