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All Forum Posts by: Eric Hernandez

Eric Hernandez has started 3 posts and replied 5 times.

Post: How much should I save for my first property?

Eric HernandezPosted
  • Knoxville, TN
  • Posts 5
  • Votes 2
Hi everyone, So I am looking to buy my first rental property sometime next year in Knoxville TN. I have been saving up money, but I'm not sure how much is enough for my first buy. If I were looking to buy a house that cost around 100k via FHA loan, how much money should I have set aside? Thanks, Eric

Post: How much should I save for my first rental property?

Eric HernandezPosted
  • Knoxville, TN
  • Posts 5
  • Votes 2
Thank yall for taking the time to give me your input !

Post: How much should I save for my first rental property?

Eric HernandezPosted
  • Knoxville, TN
  • Posts 5
  • Votes 2
I've heard of people getting the FHA loan but never really moving into the residence. Any idea what are the consequences for people who do take that route?

Post: How much should I save for my first rental property?

Eric HernandezPosted
  • Knoxville, TN
  • Posts 5
  • Votes 2
Hi everyone, So I am looking to buy my first rental property sometime next year in Knoxville TN. I have been saving up money, but I'm not sure how much is enough for my first buy. If I were looking to buy a house that cost around 100k via FHA loan, how much money should I have set aside? Thanks, Eric

Post: New Member from Knoxville, TN

Eric HernandezPosted
  • Knoxville, TN
  • Posts 5
  • Votes 2

Hi everyone,

My name is Eric and I am looking to become a real estate investor in the next couple of months. I graduated from college last spring and have been working as an engineer for the last 4 months. I am fortunate enough to not have any school debt or any other debt for that matter, and have been seeking opportunities to invest my money rather than having it rust in my savings account.After talking with one of my co-workers, who happens to be a real estate agent, I've realized that I definitely want to start investing in rental properties. I am looking forward to learning more about real estate investing from the BiggerPockets forums and podcasts!