All Forum Posts by: Tom Mendez

There are data sites that are tracking which areas are better for renters and which are better for owners. In some areas, for example, renters are paying more than 50% of their income on rent. It would be better for them to be owners, but maybe that isn't an option for them. Either way you can benefit.

Know your area, and you'll save yourself a lot of heart ache.

Best to you!

TM

Do your homework, and try not to get in the middle of things. You'll be wasting a lot of your time on what appears to be a good situation for you.

Best to you!

TM

This will depend on where you invest. You'll have to come to know the economics of it all--or find a data site or someone willing to share those details.

Take the steps. What do you want to invest in? Where? Is that a good area? No, then where is the good area? What is hot in that market? etc.

Best to you!

TM

Welcome Brittany!

TM

Elizabeth,

You'll find that RE has within it every aspect and avenue of career that an industry can.

Accounting/Bookkeeping, legal, office work, sales, marketing, finance, construction, etc. The list is long.

As Fred asked, what do you do now? Is there a connection? If so, make that connection happen!

Best to you!

TM

Justin,

The credit building is going to have to be something that you accomplish apart from your investments for now. Which is all the better that you have a credit/funding partner already.

Get your start. Learn as much as you can. If your investor is willing, you'll both make money.

Is he/she your mentor? How are you prepared to make the right investment decisions? Be prepared.

And don't forget to fix your credit. Start now!

Best to you!

TM

To you both,

Try fixing what you can about your credit. Find a partner to act as credit investor--the one who will be looked at...

Other than that, you may have to use a HML for now. You could try South End Capital (they have a 580 min.), or Rodeo Capital (they have no FICO requirements).

Best to you!

TM

Elizabeth,

Sound like a short-sale. Is it? Do you know much about them? May want to do a little BP research.

Best to you!

TM

Spencer,

Have your read BP's info:

http://www.biggerpockets.com/renewsblog/2015/01/31...

Best to you!

TM

Frankie,

It would be beneficial for you to find a local RE Attorney, and those questions of them.

Best to you!

TM