All Forum Posts by: Evan Morgan

I thought this Cold Calling script could give you some ideas. I got it from one of Pace Morbys Subto students. Maybe you could modify it to help in your journey.

Best of luck!

https://www.facebook.com/downl...

@Kevin Scott You make a very good point, Thank you!

@Paul Welden Thanks so much!

Hello all,

I'm a first-time buyer with little starting capital. My plan is to house hack SFH, make minor cosmetic upgrades while living there, then refinancing to a conventional loan and either selling or renting while I repeat the process and save until I can afford my first multi-family Brrrr that I won't have to live in.

I was hoping to get some perspective on FHA 203(b) vs. 203(k) loans. Any guidance would be appreciated!

There's a house in my neighborhood that has been vacant for as long as I can remember (10+yrs). It definitely needs work, but I'm starting from the bottom with very little money. I've read about 203(k) loans, and they seem like a good place for a newbie like me to start.

I wanted to get the community's opinion of 203(k) loans (pros, cons, traps, hidden gems), and also to ask how I might go about approaching the owner with an offer? Any and all advice and opinions are welcome.

Thank You!

I've thought of something like that but didn't think an FHA loan would get me into a property like that. I can't find any info on that particular. If it would, that changes the parameters of my search. Thank you!

Thank you much for the advice!

Let's say there's a 5 unit rental that's off market. This property contains 0.152 acres of land mainly classified as APT 4-8 with a(n) APTMT 4-8 style building, built about 1900 , having BRICK exterior and TAR+GRAVEL roof cover, with 5 unit(s), 12 total room(s), 4 total bedroom(s), 5 total bath(s), 1 total half bath. There are three doors on the front of the building with an awning-style carport in the back. It valued at $310,500 in 2021. It also need some work. The brick needs to be maintained and the floors are sagging pretty badly, weatherproofing on doors and windows are shot and electricity is sub-par.

Here's the hypothetical. Would it be possible to rehab the building into 3 units and reclassify it as 3 townhouses? How would a first-time buyer with a net worth under $10,000 and fair credit score get financed for this property/potential project? Would it be possible?

I'm open to all ideas and speculation. Thank you.

Thank you!

We're trying to make the transition from renting an apartment to owning a house. I was thinking about trying to use an FHA loan to get a moderately priced house, fix or upgrade what I can, then re-finance and find another single family to move into, rent it and repeat until I can get enough capital to invest in a multi family without having to live in it.

Hi Everyone!

My name is Evan, and I'm pretty new to the concept of real estate investment. I'm still in the 'study' phase and have questions I can't seem to find the answers to. I currently live in Ma, but am interested in the area around Charlotte, NC. I'd like to start with house hacking a duplex, but my wife refuses to live in a multi-family if we're going to buy. We're starting with very little and have a child on the way, but my goal of becoming a successful real estate investor is solid. Is there a way to get both? Or at least to get our 'forever' home first?

I'm extremely grateful for any guidance, advice, knowledge, or direction.

Thank you!