All Forum Posts by: Edgar Monroy

@Michael Dang hey Mike, you mind sending me his info as well?

@German Torres hi German i would like to know what you ended up doing and how the process went. Thank you.

@Kevin Wood I really appreciate your help! I have been setting myself up for the past couple of years. Getting debt down (after making some bad financial decisions) , remodeling and deeding over my childhood home, etc. i am 26 now and it has definitely been a ride. The next bump is finding a lender that will work with me. Will definitely be taking that advice on lender criteria!

@Matthew Gullo Hi Matthew thank you for reaching out. I would definitely be interested in taking

@Karl McGarvey advice and reaching out to your lender contacts. Do you mind sending me their info and also more information on the networking?

@Karl McGarvey Thank you for your reply Karl. Im definitely want to reach out to lenders. Do you recommend building a relationship with a local credit union or more mainstream banks for my situation as a home owner/ investor. Lastly, are there any lenders you have worked with in the past which maybe you could recommend. Thank you for your time!

@Kevin Wood Hi Kevin! Thank you for your reply. I have filed s-corp and personal taxes for the past 5 years. This year i wanted to minimize my expenses and leave myself in a better position for lenders. Do you think an income jump from 2019 to 2020 would be a big issue for the lender?

I definitely wanted to seek out management for my renta properties after aquirin my 5th. Would you mind sending me some contact info., or i can pm you.

Hello BP. Im starting out my investing journey more or less. I have a primary residence that was deeded to me by my father 100% paid off. The plan is to rent this house out and move in to another in order to add that rent to my income. I have been very interested in the buy and hold method for a while now. I have been setting myself up for the past couple of years, by getting rid of debt and increasing my income. I feel like it is the right time for me and am looking to connect with lenders and real estate agents to do multiple deals with, throughout my investing career. I am self employed and have been for 5 years. My plans are

1. Aquire a property as a first time home buyer, and hopefully take advantage of programs. Whether that be a MF house hack or a SFH i can put some tlc and force equity. I need to connect with a lender and agent who understand house hacking or have worked with first time home buyers and investors.

2. Second, Later on in the year do a cash out refinance on the home deeded to me by my father. (Worth about 140k)

3. Leverage the money from the COR to acquire more rental properties.

I will be doing my taxes for 2020 this week. Any input on how i can set myself up better with lenders would be greatly appreciated! Also any tips and advice would be greatly appreciated. I’m always open to input.

Sorry forgot to mention I’m located im Houston Texas.

Hello BP. Im starting out my investing journey more or less. I have a primary residence that was deeded to me by my father 100% paid off. The plan is to rent this house out and move in to another in order to add that rent to my income. I have been very interested in the buy and hold method for a while now. I have been setting myself up for the past couple of years, by getting rid of debt and increasing my income. I feel like it is the right time for me and am looking to connect with lenders and real estate agents to do multiple deals with, throughout my investing career. I am self employed and have been for 5 years. My plans are

1. Aquire a property as a first time home buyer, and hopefully take advantage of programs. Whether that be a MF house hack or a SFH i can put some tlc and force equity. I need to connect with a lender and agent who understand house hacking or have worked with first time home buyers and investors.

2. Second, Later on in the year do a cash out refinance on the home deeded to me by my father. (Worth about 140k)

3. Leverage the money from the COR to acquire more rental properties.

I will be doing my taxes for 2020 this week. Any input on how i can set myself up better with lenders would be greatly appreciated! Also any tips and advice would be greatly appreciated. I’m always open to input.