All Forum Posts by: Elon Matias

Hello Christopher, you do take into account your rent but once you rent the other unit out it usually covers your mortgage and may put a little extra in your pocket.

Congratulations on the success. I am actually in the process of buying my first property at age 21. I would definitely like the advice. Knowledge is power. Feel free to help me if you'd like lol.

Can you really make money flipping contracts? How do you do it? and How do you start?

It's a town house. Would that property be ideal for renting. My job does 100 percent financing for owner occupied.

I would do both renting and fix and flips. I have heard of hard money lender, but hear their interest rates could be steep. I work at a bank and my job is doing 100 percent financing so I though I'd start with them.

In order to get my second prop. I was planning on putting 20 percent down to buy as an investment prop

The mortgage for this property would be about 400 to 500. I plan to live in for about 6 months and make upgrades. Eventually I will rent it out and charge 800 to 850 per month.

Hello guys, I am interested in having rental properties. I am looking at a property on 11 Sally Ann place in Virginia. I was looking to get it at 70000. It is 2 bed 1.5 baths and rents for about 800 to 850 a month. I plan to live in it and first and eventually turn it into a rental and repeat the process. Does that sound like a decent investment? Are there other things I need to look at? I am completely new to this process and want to make sure I do it right.

Anyone?

I want to get started in real estate, but don't know how. Eventually I want to own several rental properties, but don't know how to get there. Should I start by flipping houses? Turnkey? Storage units? I'm not sure. Also, whats the best way to get started doing this? I have about 10,000 saved and would most like take out a loan. Should I go through a bank or are there better alternatives? Please share your stories .