All Forum Posts by: Ernesto Barragan JR

I understand your reply to this gentlemen’s post but how does one go about getting skin in the game with no lending options? 

 I don’t at the moment but would like to have a private lender on hand so when I do we can take action. Do you happen to be a private lender?

Goodmorning I’m trying to find private money lenders who are looking on making a return on there money through me house flipping.

Hello, I'm looking for some tips on how one will go about finding a vacant property information such as a owner name and phone number etc.

Thanks in advance

Hello, my names Ernesto I'm a new investor excited to start my real estate journey. I had a question about my home that is my primary residence. I've owned this home for about 4 years and have done major renovations to the whole home from adding square footage, adding central heat and air conditioning, new roof, new flooring throughout the whole home, total renovation on kitchen with all new appliances and totally renovated both bathrooms with new tile surrounds and tubs etc., new paint in whole home its just about a new home. I currently have a FHA loan with a 3.5% rate and looking for advice and knowledge on pulling out my money I invested in my own home to use towards my first investment property. How would you guys play it out? Would I be able to pull most my invested money out and keep my same mortage payment after going conventional? I still don't fully understand the brrr process on how you pull your money out, wouldnt it raise your mortage higher than before? Or is there a way where you keep the same mortage payment and still be able to pull your initial investment out ? I haven't got a reappraisal yet and my current mortgage payment is $1,500 a month.

Thank you

 Thank you for the information Its really appreciated. I will have to look into the water detention, the land is off a developed street I believe, so hopefully theres some sewer system in place. I'm going to take a drive up to it this weekend to get a better visual. You are correct I do believe I can get more than tiny homes in place, I will have to look more into it. I do see what your saying that will definitely yield me more income and definitely appreciate more overtime. One main reason why I was looking into tiny homes is because I will be building them myself and is something I can take on myself. I'm new to real estate so this would be my first deal I'm looking to buy the land cash and then building my tiny homes myself without the pressure of the mortage of the land so if the builds delay then it won't kill me because the land will be paid off. Me being new to real estate I do welcome any critizism, opinions and advice you can give thank you! 

 Thank you that helped. I have the land located there's about 2 acres of land in a beautiful private community for sell for about $110k and another 4.5 acres for $135k. I was going for some modern, sleek looking homes that would be desirable. I see a trend here in California for people wanting to live a more simplier practical life, so I do think there will be a demand for these tiny homes sooner or later and them being afforable will help out as well.

Whats Bigger Pockets opinion on buying some land to build various tiny homes lets say 3 to 4 at a time on a 1 to 2 acre plot. I feel like it might be a great idea here in California and the location I'm in. I'm open to any opinions and thoughts you guys might have or if there's anyone with tiny home investing experience that can chime in and share there experience. 

Thanks in advance

 Ok I will look more into it thanks for the information!